DowDuPont appropriations fell more than 6 percent during after-hours trading Thursday as the performers faces a $4.6 billion impairment charge.
The chemical company’s $4.6 billion assessment is related to goodwill and other assets of its agriculture reporting unit, be consistent to the SEC filing. This occurred at the time of the merger between The Dow Chemical Flock and E.I. du Pont de Nemours in 2017.
DowDuPont’s analysis showed that its agriculture examining unit would not meet its cash-flow projections. The company faces headwinds as lessens in commodity prices and higher-than-anticipated industry grain inventories are expected to force farmers’ income.
In the quarter ending Sept. 30, the company choose record the tax provision charge of $75 million, according to the SEC filing. The followers also assembled updated cash flow projections for its agriculture reporting portion to include anticipated impacts of events during 2018.
This reduction in mazuma change flow projections was mainly caused by lower growth in sales and plays in North and Latin America.