DuPont de Nemours, Inc. (DD - Free Report) has agreed to purchase closed circuit reverse osmosis company, Desalitech Ltd for an undisclosed price. The financial terms of the deal were not divulged.
DuPont is a leading player in water purification and separation technology that includes ultrafiltration, reverse osmosis and ion exchange resins. The company noted that the acquisition reinforces its strategy of offering a strong portfolio of technologies to address its customers' current and future challenges.
Desalitech along with other acquisitions announced this year are expected to allow DuPont to boost growth and innovation through access to new manufacturing capabilities, geographies and technologies
Desalitech's patented and unique process technology strengthens DuPont's portfolio with a compelling offering to further minimize the lifecycle cost of water purification and reuse.
The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in January 2020.
DuPont’s shares are down 12.5% over the past three months, compared with the 1.2% rise recorded by the industry.
DuPont, in October, narrowed its adjusted earnings per share guidance to the range of $3.77-$3.82 for 2019 from its prior view of $3.75-$3.85. The company continues to see organic sales for the year to be modestly down from last year.
The company is gaining from its cost and productivity actions, investment in innovation and new product development amid certain headwinds including a weak demand environment. Weak demand is expected to affect the company’s full-year organic sales.
Stocks to Consider
Some better-ranked stocks worth considering in the basic materials space include Kirkland Lake Gold Ltd. , Agnico Eagle Mines Limited (AEM - Free Report) and Franco-Nevada Corporation (FNV - Free Report) .
Kirkland Lake Gold has projected earnings growth rate of 97.1% for the current year and sports a Zacks Rank #1 (Strong Buy). The company’s shares have surged around 69% in a year’s time. You can see the complete list of today’s Zacks #1 Rank stocks here.
Agnico Eagle has a projected earnings growth rate of 167.9% for the current year and carries a Zacks Rank #2 (Buy). The company’s shares have rallied roughly 52% in a year’s time.
Franco-Nevada has estimated earnings growth rate of 45.3% for the current year and carries a Zacks Rank #2. The company’s shares have shot up roughly 35% in a year’s time.
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DuPont de Nemours, Inc. (DD - Free Report) has agreed to purchase closed circuit reverse osmosis company, Desalitech Ltd for an undisclosed price. The financial terms of the deal were not divulged.
DuPont is a leading player in water purification and separation technology that includes ultrafiltration, reverse osmosis and ion exchange resins. The company noted that the acquisition reinforces its strategy of offering a strong portfolio of technologies to address its customers' current and future challenges.
Desalitech along with other acquisitions announced this year are expected to allow DuPont to boost growth and innovation through access to new manufacturing capabilities, geographies and technologies
Desalitech's patented and unique process technology strengthens DuPont's portfolio with a compelling offering to further minimize the lifecycle cost of water purification and reuse.
The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in January 2020.
DuPont’s shares are down 12.5% over the past three months, compared with the 1.2% rise recorded by the industry.
DuPont, in October, narrowed its adjusted earnings per share guidance to the range of $3.77-$3.82 for 2019 from its prior view of $3.75-$3.85. The company continues to see organic sales for the year to be modestly down from last year.
The company is gaining from its cost and productivity actions, investment in innovation and new product development amid certain headwinds including a weak demand environment. Weak demand is expected to affect the company’s full-year organic sales.
Stocks to Consider
Some better-ranked stocks worth considering in the basic materials space include Kirkland Lake Gold Ltd. , Agnico Eagle Mines Limited (AEM - Free Report) and Franco-Nevada Corporation (FNV - Free Report) .
Kirkland Lake Gold has projected earnings growth rate of 97.1% for the current year and sports a Zacks Rank #1 (Strong Buy). The company’s shares have surged around 69% in a year’s time. You can see the complete list of today’s Zacks #1 Rank stocks here.
Agnico Eagle has a projected earnings growth rate of 167.9% for the current year and carries a Zacks Rank #2 (Buy). The company’s shares have rallied roughly 52% in a year’s time.
Franco-Nevada has estimated earnings growth rate of 45.3% for the current year and carries a Zacks Rank #2. The company’s shares have shot up roughly 35% in a year’s time.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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