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DowDuPont (DWDP) to Roll Out Ecofast Pure at AATCC Conference

DowDuPont Inc.’s DWDP subsidiary, The Dow Chemical Company is launching the Ecofast Pure Sustainable Textile Treatment — the company’s breakthrough technology — at the American Association of Textile Chemists and Colorists (“AATCC”) International Conference.
The technology significantly improves resource efficiency during the dyeing process and enables unique, brighter colors on natural textiles. Dow Chemical’s technology also allows for the uptake of reactive, direct and acid dyes on natural fibers and fabrics, used in products from apparel to home goods. Additionally, Ecofast Pure improves color fastness to provide long lasting products.
With products like Ecofast Pure, Dow Chemical will be able to create a more sustainable supply chain which requires lesser resources for essential textiles.
DowDuPont has underperformed the industry it belongs to over a year. The company’s shares have gained around 10.4% over this period, compared with roughly 17.3% gain recorded by the industry.
DowDuPont reported a loss from continuing operations of 52 cents per share for fourth-quarter 2017, compared with a loss from continuing operations of 3 cents per share logged in the year-ago quarter. The company’s adjusted earnings came in at 83 cents per share for the quarter, which surpassed the Zacks Consensus Estimate of 67 cents.
The company raked in net sales of $20,066 million in the quarter. It also trumped the Zacks Consensus Estimate of $19,371 million.
DowDuPont is seeing strong leading indicators of broad-based growth across developed economies including the United States, Germany and France. Moreover, the emerging middle class in developing economies, especially in China and India, continues to support sustainable growth. This augurs well for the company’s products and technologies.
The company realized more than $800 million in annual cost synergy run-rate from its cost synergy programs. It raised its cost-synergy commitment from $3 billion to $3.3 billion. DowDuPont will remain committed to achieve the increased cost synergy target and deliver new products from growth investments and strong innovation pipeline.
Zacks Rank & Stocks to Consider
DowDuPont currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the chemical space are LyondellBasell Industries N.V. LYB, Arkema S.A. ARKAY and Methanex Corporation MEOH.
LyondellBasell has an expected long-term earnings growth rate of 9% and sports a Zacks Rank #1 (Strong Buy). The company’s shares have moved up 22.2% in a year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Arkema has an expected long-term earnings growth rate of 8% and flaunts a Zacks Rank #1. The company’s shares have moved up 41.6% in a year.
Methanex has an expected long-term earnings growth rate of 15% and carries a Zacks Rank #2 (Buy). Its shares have gained 16.3% over a year.
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