Upcoming AWS Coverage on CF Industries Holdings Post-Earnings Results

LONDON, UK / ACCESSWIRE / February 6, 2017 / Active Wall St. announces its post-earnings coverage on E.I. du Pont de Nemours and Co. (NYSE: DD). The Company reported its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year 2016 (FY16) on January 24, 2017. The Wilmington, Delaware-based company's quarterly non-GAAP operating earnings per share surged 89% y-o-y. Register with us now for your free membership at:

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One of E.I. du Pont de Nemours's competitors within the Agricultural Chemicals space, CF Industries Holdings, Inc. (NYSE: CF), announced on January 27, 2017, that it will report its Q4 2016 results after the market close on Wednesday, February 15, 2017. The company plans to host a conference call to discuss these results at 9:00 a.m. ET on Thursday, February 16, 2017. AWS will be initiating a research report on CF Industries in the coming days.

Today, AWS is promoting its earnings coverage on DD; touching on CF. Get our free coverage by signing up to:

http://www.activewallst.com/registration-3/?symbol=DD

http://www.activewallst.com/registration-3/?symbol=CF

Earnings Reviewed

During the quarter ended on December 31, 2016, DuPont reported net sales of $5.21 billion compared to $5.30 billion recorded at the end of Q4 FY15. The market had expected the Company to report total sales of $5.25 billion.

In Q4 FY16, DuPont's total segment operating earnings came in at $703 million, which was 27% above the $553 million recorded in Q4 FY15. Furthermore, total segment operating margins increased about 305 basis points y-o-y in Q4 FY16.

The chemical Company reported GAAP income from continuing operation after tax of $252 million, or $0.29 per diluted share, in Q4 FY16 compared to net loss from continuing operation $231 million, or $0.26 loss per diluted share, in Q4 FY15. The Company's Q4 FY16 non-GAAP operating earnings was $451 million, or $0.51 per diluted share, which came in above $239 million, or $0.27 per diluted share, in Q4 FY15 and market expectations of $0.42 per diluted share.

DuPont's net sales during full year FY16 was $24.59 billion compared to $25.13 billion in FY15. The Company's FY16 after tax GAAP net income from continuing operation rose to $2.52 billion, or $2.85 per diluted share, from $1.90 billion, or $2.09 per diluted share, in FY15. Additionally, non-GAAP operating earnings for FY16 came in at $ 2.95 billion, or $3.35 per diluted share, versus $2.50 billion, or $2.77 per diluted, in FY15.

Segment-Performance

For Q4 FY16, Agriculture segment reported net sales of $1.39 billion compared to $1.55 billion in Q4 FY15. Furthermore, the segment's operating loss narrowed to $19 million in Q4 FY16 from operating loss of $54 million in Q4 FY15.

Performance Materials segment contributed $1.33 billion to total net sales during Q4 FY16 compared to $1.28 billion in Q4 FY15. Additionally, the segment's operating income for the reported quarter stood at $328 million versus $281 million in Q4 FY15.

The Company's Nutrition & Health's net sales rose marginally during Q4 FY16 to $809 million from $807 million in the year ago comparable period. The segment's operating earnings also improved to $135 million in Q4 FY16 from $85 million in the last year corresponding quarter.

DuPont's Protection Solutions sales stood at $717 million Q4 FY16 compared to $720 million in Q4 FY15. Furthermore, the segment's operating earnings fell to $142 million in Q4 FY16 from $147 million in the last year's comparable quarter.

In Q4 FY16, Electronics & Communications segment reported net sales of $521 million, up from $493 million recorded in the prior year's same quarter. Moreover, the segment's operating earnings improved to $98 million in Q4 FY16 from $87 million in Q4 FY15.

Industrial Biosciences' net sales improved to $401 million in Q4 FY16 from $397 million in Q4 FY15. However, the segment's operating earnings fell to $67 million in Q4 FY16 from $78 million in Q4 FY15.

Cash Flow & Balance Sheet

During FY16, DuPont generated $3.30 billion of cash from its operating activities compared to $2.32 billion in FY15. The Company reported free cash flow of $2.28 billion in FY16 versus $687 million recorded in FY15. At the close of books in the reported quarter, DuPont had $4.61 billion in cash and cash equivalents compared to $5.30 billion at the close of books on December 31, 2015. Additionally, the Company's long-term debt and capital lease obligations increased to $8.11 billion on December 31, 2016, from $7.64 billion on December 31, 2015.

Dividend

In a separate press release on January 27, 2017, DuPont announced first quarter common stock dividend of $0.38 per share, payable on March 14, 2017, to stockholders of record February 15, 2017. The upcoming dividend payment will be the Company's 450th consecutive quarterly dividend since the Company's first dividend in the fourth quarter of 1904.

Merger Update

Ed Breen, chairman and CEO of DuPont said that the Company is progressing on merger with The Dow Chemical Company (NYSE: DOW) and now expects the merger to close in the first half of FY17, pending regulatory approval.

Earnings Guidance

Due to the Company's expected merger with Dow in first half of FY17, it has provided outlook only for Q1 FY17. The company expects GAAP earnings to fall by 18% y-o-y in Q1 FY17. However, operating earnings is forecasted to rise by about 8% y-o-y in Q1 FY17.

Stock Performance

On Friday, February 03, 2017, the stock closed the trading session at $76.43, marginally climbing 0.34% from its previous closing price of $76.17. A total volume of 1.30 million shares have exchanged hands. E.I. du Pont de Nemours' stock price advanced 12.41% in the last three months, 12.23% in the past six months, and 32.37% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 4.13%. The stock is trading at a PE ratio of 26.79 and has a dividend yield of 1.99%.

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