DowDuPont Provides Expected Q3 Results

(RTTNews) - DowDuPont (DWDP) provided its expected results for the third quarter of 2017, in light of the significant amount of accounting and reporting changes incorporated into the historical and current quarter pro forma financial statements.

GAAP net sales for the quarter were $15.4 billion; pro forma net sales of $18.3 billion, up 8 percent versus the year-ago period, with gains in both volume and price. GAAP earnings per share was $0.32. Pro forma adjusted earnings per share were $0.55, an increase of 10 percent versus the same quarter last year.

The Pro forma adjusted earnings per share excluded $0.37 per share charge for significant items and $0.08 per share charge for DuPont amortization of intangible assets.

The company said it filed historical unaudited pro forma financial statements that give effect to the Merger Transaction, provide quarterly pro forma financial information aligned to DowDuPont's new reportable segments and incorporate reporting practices that provide additional visibility into the underlying performance of the Company.