Abstract
There was hardly enough time in DowDuPont’s Feb. 1 conference call with analysts for the firm’s leaders to squeeze in all the good news they wanted to share. The firm’s fourth quarter sales volumes and prices rose dramatically compared to the prior year period and earnings grew by over 45%. Moreover, it found more merger-related cost savings, and expects to benefit from lower U.S. taxes. “This has been a breakthrough year for DowDupont stockholders,” said Executive Chairman Andrew N. Liveris. “For first time in many years we’re seeing broad-based, synchronous growth around the world.” Since DowDuPont has so many businesses, it was able capture growth in demand for semiconductors, nutritional ingredients, construction chemicals, and automotive materials. In 2018, the company expects sales of those products to increase at a rate higher than average global growth and says its profit margins will also expand. While the market for agricultural commodities is
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