On Friday, Shares of E. I. du Pont de Nemours and Company (NYSE:DD), gained 2.01% to $66.11.
DuPont declared the consolidation of its DuPont Packaging & Industrial Polymers business with its DuPont Performance Polymers business, in addition to the consolidation of the DuPont Protection Technologies business with the DuPont Building Innovations business. Both consolidations will be effective on Jan. 1, 2016. The consolidation will create greater efficiency and improved capabilities in the two segments where these businesses operate – the Performance Materials segment and the Safety & Protection segment, respectively. DuPont will continue to have six reporting segments.
“By bringing these business units together under common administration structures, we are creating businesses of more noteworthy scale to better serve our customers with more powerful science capabilities and stronger applications development,” said DuPont Interim Chair and CEO Edward D. Breen. “At the same time, this will lead to more effective deployment of capital in these businesses, while capturing savings in our cost structure and driving greater value for our shareholders.”
The combined DuPont Packaging & Industrial Polymers and DuPont Performance Polymers businesses – which will comprise the DuPont Performance Materials reporting segment – will be led by Patrick E. Lindner, presently president of DuPont Performance Polymers.
The company has a 52-week high of $80.65. The company has a market cap of $57.94B and there are 876.41M shares in outstanding. The 52-week low of the share price is $47.11.
E I. du Pont de Nemours and Company operates as a science and technology based company worldwide. The company’s Agriculture segment offers corn hybrid, soybean, canola, sunflower, sorghum, inoculants, seed products, wheat, rice, herbicides, fungicides, and insecticides. Its Electronics & Communications segment provides various materials and systems, counting photopolymers and electronic materials for photovoltaic products, consumer electronics, displays, and advanced printing.
Shares of Monsanto Company (NYSE:MON), declined -0.50% to $93.49, during its last trading session.
Monsanto Company’s Kerry Preete, executive vice president of global strategy, will address investors in Boston on Tuesday, Nov. 10 at the Morgan Stanley Global Chemicals & Agriculture Conference. Preete will discuss product performance, the company’s planned initiatives, long-term growth drivers and future expectations, and other matters related to the company’s business. Preete’s session will start at 10:15 a.m. ET (9:15 a.m. CT).
Monsanto Company, together with its auxiliaries, provides agricultural products for farmers worldwide. It operates in two segments, Seeds and Genomics, and Agricultural Productivity. The Seeds and Genomics segment produces raw crop seeds, counting corn, soybean, cotton, and canola seeds under the DEKALB, Channel, Asgrow, and Deltapine brands; and vegetable seeds, such as tomato, pepper, melon, cucumber, squash, beans, broccoli, onions, lettuce, and others under the Seminis and De Ruiter brands.
Finally, NRG Energy, Inc. (NYSE:NRG), ended its last trade with -0.52% loss, and closed at $13.51.
NRG Energy, stated third quarter Adjusted EBITDA of $1,145 million. Year-to-date adjusted cash flow from operations totaled $1,728 million. Net loss for the first nine months of 2015 was ($78) million, or ($0.25) per diluted common share contrast to net income of $35 million, or $0.02 per diluted common share for the first nine months of 2014.
NRG Business:
Third quarter Adjusted EBITDA was $670 million; $33 million higher than in the third quarter 2014 primarily driven by:
- Gulf Coast Region: $69 million improvement due to higher average realized prices in Texas reflecting ERCOT hedge gains, higher realized energy margins at South Central gas plants, and higher gas plant generation across the Gulf Coast region
- East Region: $35 million lower due to lower energy margins caused by declining gas prices and dark spreads, partially offset by higher capacity revenues from improvement in PJM cleared auction capacity prices and lower operating costs from reduced scope of outages and reduced run times across the fleet.
NRG Energy, Inc., together with its auxiliaries, operates as a power company. The company provides electricity; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; carbon administration and specialty services; and various energy services, such as operations, maintenance, technical, development, and asset administration services.