Recently, Dow DuPont announced its financial results for the second quarter of 2018.
Dow DuPont's net sales increased 17% to $24.2 billion, with double-digit growth in all sectors and growth in all regions, compared with projected net sales of $20.7 billion in the same period last year.
Sales in the agricultural sector increased by 25% due to weather-related work delays and local price increases in the first quarter. Sales in the Materials Science Division increased by 18%, and double-digits were achieved in all sectors and in all regions. Growth. Sales in the specialty products sector increased by 10%, with growth in most market segments and in all regions.
Compared with the same period of last year, the volume increased by 10%, and all sectors and all regions achieved growth, with double-digit growth in the US and Canada and the Asia-Pacific region. Agricultural production increased by 20%, mainly in the first quarter. The resulting delay began to recover. Sales of materials science and specialty products increased by 10% and 4%, respectively, and all market segments and regions increased.
Local prices rose by 4% on a pro forma basis, rising in all sectors and in all regions, with a 5% increase in materials science and a 4% increase in agriculture.
GAAP's continuing operating earnings per share were $0.76. Adjusted earnings per share increased 41% to $1.37, compared with an estimated adjusted earnings per share of $0.97 for the same period last year.
Operating EBITDA is prorated, increasing 29% from the same period last year to $5.7 billion. Agriculture achieved 50% EBITDA growth. EBITDA operating growth rate for featured products was 23%. Materials Science delivered an EBITDA growth rate of 22%.
Dow DuPont achieved more than $375 million in synergistic cost savings during the quarter, saving nearly $900 million since the merger ended. The company now expects to achieve $1.4 billion in year-on-year savings in 2018, an increase of 15% over the previous target. the above.
Due to the increase in cash income, the cash flow from operating activities was $2.1 billion.
'We continued to achieve strong results in the second quarter, including double-digit growth in sales and operating EBITDA,' said Dow DuPont, CEO of Dow DuPont. 'Volume growth, local price increases and operating margin expansion are key highlights Reflects the clear focus on the implementation of the company. Our new product launch will resonate with our customers and generate strong demand for each of our target end markets. These indicators indicate that our three divisions are bringing changes to the market and shareholders. Our development momentum is strong, and our employees are passionate about the future of our industry-leading companies - Covestro, Dow and DuPont.'
According to Reuters, Dow DuPont’s earnings report released on Thursday showed that its quarterly earnings exceeded the expectations of Wall Street analysts for the fourth consecutive quarter, mainly due to rising prices of products such as coatings and packaging materials and strong demand.