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DuPont (DD) Declares New Solutions to Boost Soybean Yield
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DuPont (DD - Free Report) has recently announced commercial plans for two new crop protection products that complement new high-yielding Pioneer brand A-Series soybean varieties.
The products which are to be launched include FeXapan herbicide plus VaporGrip Technology which is available for use in 2017 with Pioneer brand soybeans with Roundup Ready 2 Xtend technology. FeXapan offers resistance against herbicide-resistant weeds and helps in crop rotation and cultural practices that manage weed growth and weed seed production. The product uses a new formulation of dicamba that offers low volatility, which helps to minimize off-target movement when used according to label guidelines.
Moreover, the Lumisena fungicide seed treatment, which will be will be available next year on Pioneer brand soybeans, helps farmers to fight Phytophthora, the most prevalent yield-limiting soybean disease. Lumisena is expected to provide the best protection against Phytophthora for healthier soybean stands and higher yield potential. It is the perfect complement to boost protection of Pioneer brand varieties that have genetic resistance to Phytophthora.
DuPont, which shares the same industry space, along with Dow Chemical (DOW - Free Report) , Celanese (CE - Free Report) and Air Products (APD - Free Report) , continued its positive earnings surprise streak with a beat in fourth-quarter 2016, on the back of cost-reduction actions. The company recorded adjusted earnings of 51 cents per share in the reported quarter which topped the Zacks Consensus Estimate of 42 cents.
Revenues for DuPont’s agriculture segment fell 10% year over year to around $1.4 billion in the fourth quarter, partly due to the timing of seed deliveries. Segment operating loss was $19 million, a 65% year-over-year improvement, aided by favorable currency impact and benefits of cost saving actions.
DuPont is focused on an aggressive cost-cutting strategy. The company has achieved its fixed cost and working capital productivity goals. Further, DuPont remains committed to introduce new higher-performing products to meet farmers’ needs. The company is also focused on maintaining a strong balance sheet and returning excess cash to shareholders.
Moreover, the proposed mega-merger with Dow Chemical is expected to deliver cost synergies of around $3 billion. DuPont anticipates a charge of about 15 cents per share in first-quarter 2017 for transaction costs related to the merger which is expected to be completed in first-half 2017, pending regulatory approvals.
The company expects adjusted earnings for the first quarter to increase around 8% year over year owing to the cost saving initiatives and the change in timing for seed deliveries, mostly related to the southern U.S. route-to-market change in Agriculture, partly offset by an expected reduction in planted corn acres in the U.S.
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DuPont (DD) Declares New Solutions to Boost Soybean Yield
DuPont (DD - Free Report) has recently announced commercial plans for two new crop protection products that complement new high-yielding Pioneer brand A-Series soybean varieties.
The products which are to be launched include FeXapan herbicide plus VaporGrip Technology which is available for use in 2017 with Pioneer brand soybeans with Roundup Ready 2 Xtend technology. FeXapan offers resistance against herbicide-resistant weeds and helps in crop rotation and cultural practices that manage weed growth and weed seed production. The product uses a new formulation of dicamba that offers low volatility, which helps to minimize off-target movement when used according to label guidelines.
Moreover, the Lumisena fungicide seed treatment, which will be will be available next year on Pioneer brand soybeans, helps farmers to fight Phytophthora, the most prevalent yield-limiting soybean disease. Lumisena is expected to provide the best protection against Phytophthora for healthier soybean stands and higher yield potential. It is the perfect complement to boost protection of Pioneer brand varieties that have genetic resistance to Phytophthora.
DuPont, which shares the same industry space, along with Dow Chemical (DOW - Free Report) , Celanese (CE - Free Report) and Air Products (APD - Free Report) , continued its positive earnings surprise streak with a beat in fourth-quarter 2016, on the back of cost-reduction actions. The company recorded adjusted earnings of 51 cents per share in the reported quarter which topped the Zacks Consensus Estimate of 42 cents.
Revenues for DuPont’s agriculture segment fell 10% year over year to around $1.4 billion in the fourth quarter, partly due to the timing of seed deliveries. Segment operating loss was $19 million, a 65% year-over-year improvement, aided by favorable currency impact and benefits of cost saving actions.
DuPont is focused on an aggressive cost-cutting strategy. The company has achieved its fixed cost and working capital productivity goals. Further, DuPont remains committed to introduce new higher-performing products to meet farmers’ needs. The company is also focused on maintaining a strong balance sheet and returning excess cash to shareholders.
Moreover, the proposed mega-merger with Dow Chemical is expected to deliver cost synergies of around $3 billion. DuPont anticipates a charge of about 15 cents per share in first-quarter 2017 for transaction costs related to the merger which is expected to be completed in first-half 2017, pending regulatory approvals.
The company expects adjusted earnings for the first quarter to increase around 8% year over year owing to the cost saving initiatives and the change in timing for seed deliveries, mostly related to the southern U.S. route-to-market change in Agriculture, partly offset by an expected reduction in planted corn acres in the U.S.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>