DowDuPont sales rise 17 percent on strong demand across all businesses [Reuters]
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Source: Reuters
DowDuPont sales rise 17 percent on strong demand across all businesses | Reuters Reuters Staff 2 Min Read (Reuters) - U.S. chemicals producer DowDuPont Inc’s ( DWDP.N ) second-quarter sales rose 17 percent, helped by strong growth across all its businesses and the launch of new products. Sales from its biggest revenue generator - materials science business, which makes chemicals used in cosmetics, packaging material, and brake fluids, rose 18 percent to $12.6 billion. The company, formed after chemical giants Dow Chemical and DuPont merged last year, has launched new packing materials, components for laundry detergents and a new seed variety, Chief Financial Officer Howard Ungerleider said on a call before earnings. “Our new product launches are resonating with customers, resulting in strong demand across each of our targeted end-markets,” DowDuPont CEO Ed Breen said. Net sales rose to $24.2 billion, which the company said compares with net sales of $20.7 billion that DowDuPont woul
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