DowDuPont Inc. (DWDP – Free Report) recorded a loss (on a reported basis) 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 comparable quarter a year ago.

Barring one-time items, earnings came in at 83 cents per share for the quarter, which outstripped the Zacks Consensus Estimate of 67 cents.

DowDuPont, which was formed through the merger of The Dow Chemical Company and E.I. du Pont de Nemours & Company (DuPont) that completed on Aug 31, 2017, raked in net sales (on a reported basis) of $20,066 million for the reported quarter. It also surpassed the Zacks Consensus Estimate of $19,371 million. Sales rose 13% from adjusted net sales of $17,734 million for the comparable quarter a year ago.

Volumes (as adjusted) rose 6% in the quarter on gains across all segments and geographies, driven by strong demand for the company’s products. The company also saw a 5% rise in adjusted local prices on gains in all geographic areas.

FY17 Results

For 2017, earnings (as reported) from continuing operations were 95 cents per share compared with earnings from continuing operations of $3.52 per share in 2016.

Net sales (as reported) jumped roughly 30% year over year to $62,484 million in 2017. Adjusted net sales rose 12% year over year to $79,535 million on gains across all segments and geographies.

Segment Highlights
 
Agriculture: Net sales rose roughly 5% from the year-ago adjusted sales to $2.8 billion in the reported quarter on higher volumes, favorable currency impact and benefits of portfolio actions. The company saw organic revenue growth in both seed and crop protection.
 
Performance Materials & Coatings: Net sales from the division were $2.2 billion, up 15%, supported by double-digit gains across all geographic regions. The unit saw increases in local prices and volume in the quarter.

Industrial Intermediates & Infrastructure: Net sales from the division jumped 27% to $3.6 billion in the quarter driven by gains in all geographies, volume gains and higher pricing.