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DowDuPont Inc (DWDP.N)

DWDP.N on New York Stock Exchange

70.85USD
20 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Dowdupont declares quarterly dividend of 38 cents per share, announces initial $4 billion share repurchase program
Thursday, 2 Nov 2017 08:28am EDT 

Nov 2 (Reuters) - Dowdupont Inc ::Dowdupont declares quarterly dividend of 38 cents per share, announces initial $4 billion share repurchase program.Dowdupont Inc - dividend for Q4 of 2017 will be payable on Dec. 15, 2017, to shareholders of record on Nov. 15, 2017​.Dowdupont Inc - ‍with a dividend payable date in Dec. 2017, heritage Dow shareholders will receive a total of five dividend payments in calendar year​.Dowdupont - ‍for heritage Dupont shareholders, Q4 dividend will effectively represent a 28 percent increase over last Dupont qtrly dividend payment​.  Full Article

Dowdupont sees Q4 net sales of $19 bln-$19.5 bln vs q4 2016
Thursday, 2 Nov 2017 07:13am EDT 

Nov 2 (Reuters) - Dowdupont Inc ::Dowdupont- sees fy agriculture pro forma sales to increase low-single-digits percent due to new product introductions resulting in price, volume gains‍​.Dowdupont inc - sees q4 net sales of $19 billion - $19.5 billion versus q4 2016.Q4 revenue view $18.92 billion -- Thomson Reuters I/B/E/S.Dowdupont inc sees q4 operating ebitda up 11 percent - 13 percent versus. Q4 2016.Dowdupont- sees q4 agriculture net sales up about 10 percent; sees q4 performance materials & coatings net sales up high-single-digits percent.Dowdupont sees q4 industrial intermediates & infrastructure revenue up high-teens percent; sees q4 packaging & specialty plastics revenue up about 10 percent.  Full Article

DowDuPont total pretax restructuring charges to be recorded include about $875 mln to $975 mln severance and related benefits costs
Thursday, 2 Nov 2017 06:47am EDT 

Nov 2 (Reuters) - DowDuPont Inc :DowDuPont - Total pretax restructuring charges to be recorded include about $875 million-$975 million severance and related benefits costs, among others.DowDuPont- Pretax restructuring charge of $2 billion also include about $450 million-$800 million asset related charges, $400 million-$450 million contract terminations costs.DowDuPont- Expects to record pretax restructuring charges of about $1 billion in Q4; remaining restructuring charges to be incurred by end of 2019.DowDuPont- Expects future cash payments related to the pretax restructuring charge to be about $1,275 million-$1,425 million.DowDuPont- The future cash payments of $1,275 million-$1,425 million primarily related to payment of severance & related benefits & contract termination costs.  Full Article

DowDuPont says Q3 GAAP earnings per share $0.32
Thursday, 2 Nov 2017 06:00am EDT 

Nov 2 (Reuters) - DowDuPont Inc -:DowDuPont reports third quarter 2017 results.Q3 adjusted pro forma earnings per share $0.55.Q3 GAAP earnings per share $0.32.Q3 earnings per share view $0.42 -- Thomson Reuters I/B/E/S.DowDuPont Inc - qtrly ‍GAAP net sales of $15.4 billion; pro forma net sales increase 8% to $18.3 billion​.DowDuPont Inc - reiterated its commitment to $3 billion cost synergy target​.DowDuPont Inc - ‍in connection with cost savings actions approved to date, DowDuPont recognized pre-tax charges of $180 million in Q3​.DowDuPont Inc - ‍expects to recognize total pre-tax charges of about $2 billion, with approximately $1 billion expected in Q4 of 2017​.DowDuPont Inc - cost savings actions expected to achieve a 70 percent run rate at end of 12 months and 100 percent run rate within 24 months​.DowDuPont - ‍majority of cost savings​ work to come from procurement synergies, global workforce reductions, buildings & facilities consolidations, among others.Q3 revenue view $18.01 billion -- Thomson Reuters I/B/E/S.DowDuPont Inc - ‍expects to close divestiture of a select portion of Dow Agrosciences' corn seed business in Brazil in Q4 of 2017.DowDuPont Inc - ‍"demand outlook is positive" for majority of co's key end-markets​.DowDuPont - qtrly agriculture volume, pricing headwinds driven by Latam weakness as sales channels hold high inventory levels of crop protection products.DowDuPont Inc - ‍"Still see some market headwinds, most notable for us being in agriculture"​.  Full Article

Dowdupont says sees Q3 ‍pro forma adjusted earnings per share of $0.55
Thursday, 26 Oct 2017 06:22am EDT 

Oct 26 (Reuters) - Dowdupont Inc :Dowdupont provides expected third quarter 2017 financial results, files historical pro forma financial statements.Sees Q3 GAAP earnings per share $0.32.Q3 earnings per share view $0.40 -- Thomson Reuters I/B/E/S.Sees Q3 ‍GAAP net sales of $15.4 billion; pro forma net sales of $18.3 billion.Says sees Q3 ‍pro forma adjusted earnings per share of $0.55 ​.Says ‍in light of accounting, reporting changes incorporated in historical, current quarter pro forma statements, co provided expected results for Q3.Says ‍Q3 pro forma adjusted eps expectation excludes $0.37/share charge for significant items.Says Q3 ‍pro forma adjusted EPS expectation also excludes $0.08 per share charge for Dupont amortization of intangible assets​.Q3 revenue view $17.60 billion -- Thomson Reuters I/B/E/S.  Full Article

Earl Shipp elected to Olin's board of directors
Wednesday, 25 Oct 2017 06:45pm EDT 

Oct 25 (Reuters) - Dowdupont Inc :Earl L. Shipp elected to Olin's board of directors and Olin declares 364th consecutive quarterly dividend.  Full Article

Glenview Capital supports improvements in DowDupont spin-off plans
Tuesday, 12 Sep 2017 07:58am EDT 

Sept 12 (Reuters) - Dowdupont Inc :Glenview Capital Management supports improvements in DowDupont spin-off plans.Glenview Capital​ says as it believes DowDupont remains significantly "undervalued", recommends board adopt "meaningful share repurchase program".Glenview Capital says it ‍currently owns 0.74% of DowDupont, valued at approximately $1.2 billion​.  Full Article

DowDupont Inc sees ‍headwinds from lower expected planted corn acres in brazil​ in Q3
Tuesday, 12 Sep 2017 06:20am EDT 

Sept 12 (Reuters) - Dowdupont Inc ::DowDupont Inc sees ‍headwinds from lower expected planted corn acres in brazil​ in Q3 =.DowDupont Inc says softer conditions in global packaged foods impacting demand for food ingredients​ in Q3.DowDupont Inc - provides Q3 pro forma guidance; sees unfavourable impact of hurricane harvey on Q3 operating ebitda of about $250 million.  Full Article

DowDuPont announces results of comprehensive portfolio review
Tuesday, 12 Sep 2017 06:01am EDT 

Sept 12 (Reuters) - DowDuPont Inc :DowDuPont announces results of comprehensive portfolio review.DowDuPont Inc - ‍board unanimously concluded that certain targeted adjustments will be made between Materials Science and Specialty Products divisions​.DowDuPont Inc - DowDuPont board of directors approved changes based on a thorough review led by lead independent directors​.DowDuPont Inc - DowDuPont will realign some businesses to specialty products division from materials science division​.DowDuPont - ‍reiterates plans to achieve run-rate cost synergies of approximately $3 billion and approximately $1 billion in growth synergies​.DowDuPont - ‍DowDuPont will realign certain businesses to Specialty Products division from Materials Science Division.DowDuPont - after portfolio realignments, 3 intended companies are an agriculture company, a materials science company, a specialty products company.  Full Article

BRIEF-Dowdupont declares quarterly dividend of 38 cents per share, announces initial $4 billion share repurchase program

* Dowdupont declares quarterly dividend of 38 cents per share, announces initial $4 billion share repurchase program