DowDuPont (DWDP) Tops Q2 EPS by 7c, Revenues Beat

DowDuPont (NYSE: DWDP) reported Q2 EPS of $1.37, $0.07 better than the analyst estimate of $1.30. Revenue for the quarter came in at $24.2 billion versus the consensus estimate of $23.6 billion.

• GAAP EPS from Continuing Operations of $0.76; Adj. EPS Increases 41% to $1.37
• GAAP Net Income from Continuing Operations of $1.8B; Op. EBITDA Up 29% to $5.7B
• Net Sales Up 17% to $24.2B; Volume and Local Price Gains in All Divisions and All Regions
• Cost Synergy Savings of >$375MM; Raises YoY Savings Target >15% to $1.4B
• Expects 3Q Op. EBITDA Growth in All Divisions: Ag mid-20s percent; Materials Science high-single digits percent; Specialty Products mid-teens percent

CEO Quote

“We continued to deliver strong results in the second quarter, including double-digit gains in sales and operating EBITDA,” said Ed Breen, chief executive officer of DowDuPont. “Volume growth, local price gains and operating margin expansion were the key highlights, reflecting a clear focus from the businesses on execution. Our new product launches are resonating with customers, resulting in strong demand across each of our targeted end-markets. These are indicators that our three divisions are making a difference in the marketplace and for shareholders. We have great momentum and our employees are enthusiastic about the future of our intended industry-leading companies – Corteva, Dow and DuPont.”

For earnings history and earnings-related data on DowDuPont (DWDP) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Zeo Energy Corp (ZEO) Misses Q2 EPS by 7c
• Newton Golf Company (NWTG) Reports Q2 Loss of $0.49