DuPont DD has unveiled a new Type 3 liquid-tight garment for personal protective apparel, DuPont Tyvek 800 J.
Tyvek 800 J is a new limited-use Type 3 chemical protective garment that is both durable and light weight. The garment resists pressurized jets of low-concentration, water-based, inorganic chemicals while providing protection, and freedom of movement due to its novel Tyvek 800 J Fabric Technology.
Tyvek 800 J is geared to be used in industrial cleaning applications including pressure washing and tank cleaning, food processing, petrochemical installations, environmental remediation, maintenance, and other pharmaceutical operations. Tyvek 800 J is also suitable for use in cleaning operations using spray guns where the operator may be exposed to liquid splash.
DuPont’s shares fell roughly 1% to close at $63.93 on Mar 22.
DuPont’s earnings for fourth-quarter 2015 beat expectations, but currency headwinds due to a strong U.S. dollar and weak results in its agriculture business dented both top and bottom lines in the quarter.
On a reported basis, DuPont incurred a loss of 26 cents per share from continuing operations in the quarter. In the year-ago quarter, the company had earned 63 cents per share. Consolidated loss was $253 million or 29 cents per share. In the year-ago quarter, the company had reported profit of $683 million or 74 cents per share.
Barring one-time items, including restructuring charges, DuPont logged adjusted earnings of 27 cents per share in the reported quarter as against 57 cents a year ago. It, however, surpassed the Zacks Consensus Estimate of 26 cents. The better-than-expected earnings were aided by cost savings from the company’s operational redesign actions that added 10 cents per share to earnings.
DuPont and Dow Chemical DOW agreed to combine their businesses in Dec 2015 in an all-stock deal to create a chemical behemoth named “DowDuPont” with a combined market value of around $130 billion, before eventually breaking up into three independent companies through tax-free spin-offs. The deal is expected to be completed in the second half of 2016.
DuPont currently carries a Zacks Rank #3 (Hold).
Some better-ranked companies in the diversified chemical space are Arkema S.A. ARKAY, Sinopec Shanghai Petrochemical Co. Ltd. SHI. Both stocks sport a Zacks Rank #1 (Strong Buy).
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