Ed. Thanks,
our X Slide fourth a of summary to results. and Moving quarter
the Ed we in the include benefit costs to contributions As increase double-digit year thirds with segment. synergies, business new lower costs and top of additions, of improved Specialty from quick achieving capture bottom-line strong with cost capacity EPS strong earnings actions pension a from Products mentioned, performance, growth. results, OPEB approximately the two financial Drivers and and these equity closed
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tax Turning to drivers of as as the guidance rate light our of well in tax U.S. our reform. XXXX
model guidance mix rate primarily of from lower due than which rate and in our changes certain tax in operating and earnings, geographic to quarter's XX%, jurisdictions. This foreign tax benefits was was our
the recognized We the resulting based will also $X.X This on tax of pieces. billion benefit new from see net is tax that benefit legislation. two we
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rate reform we to ahead, range X to tax of our XX%. lower XX% XXXX the to points a by percentage U.S. X tax Looking expect to
AG hybrids net million more and cost than corn sales Brazil Now, in fungicide segment results, nitrogen increased, pressure, by our our and quarter in turning portfolio gain. business synergies, increases, doubled Safrinha driven demand increased tough penetration of Crop with crop generic the on delivering from was EBITDA in declines by growth to Latin the seed quarter, in driven as seed pricing new corn Vessarya was products Seed the and driven volume and sunflower a in volume and and penetration market, and Optinyte Leptra by stabilizers. deliveries, and growth European both of grew Sales starting earlier business. gains America full-year. by price a fourth AG In Pacific. specifically Slide realized offset X. $XXX continued to the driven pricing Asia rose Argentina Volume such operating growth the corn In protection primarily protection. on for volume primarily of doubling by
percentage we the increase single-digit sales increase and in operating for mid ahead EBITDA to AG, range percent Looking the in anticipate teens to full-year high range.
product anticipate expect half of introductions we in which about the reflective XX% first quarter planted with of year, cost to second the and bottom-line North area and in and corn estimated to top year, last and new and price in results in the XX% We equal America synergy deliveries. EBITDA driven line first about quarter. sales estimate XXXX by growth operating challenging the For to the first be half We environment. the deliver is in landing
a of the in and fully product new be cost synergy latter also year. to second and ramp to expect the in ramped the anticipate introductions growth half our realization half in our We contributing
synergies. Coatings to Price Solutions Plastics period. food operating and reported forma synergies. Science EBITDA end-market $XXX equity double-digit crop in segment packaging to volume food as and $XXX & Specialty as achieved sales in of increases commissioning from offset in led as in pro in robust increased specialty operating pricing, downstream EBITDA costs, and in costs. cost growth up sales EBITDA Materials double-digit and in forma Solutions Consumer Plastics demand well and billion, $XXX & EBITDA from in strong operating was of EMEA. impacts hygiene to operating and EBITDA well the Slide as strong consumer pharmaceuticals. applications well operating local growth growth, from tight due The in year-ago higher as with benefited activities America as Polyurethanes production from improved in EBITDA strong as by defense, and demand operating processing, cost CAV primarily well in by & million, demand by on million, forma fundamentals. maintenance from & $X.X double-digit pricing hurricane-related and start-up industrial pro business applications. packaging growth North momentum, to growth Pacific gains Performance Packaging equity MDI Specialty and delivered Industrial health electronic Volume food delivered $XXX systems rose Packaging increased & geographies, driven Industrial demand of Materials packaging flat up on million gains all feedstock Asia specialty increased The and price million, sales price pro disruptions, and Turning and X. and driven demand as cost in EMEA. Intermediates earnings, earnings, Infrastructure
ahead, next of tranches business growth. advance to Looking continues the the
EPDM Our commissioning into well activities. is and facility mechanically complete Nordel
to the product with and In customers, of spend will material by fact, race its recently first the prime the produced of ramping remainder quarter the the reaching quarter. first qualifying start-up full unit first and just end
up new of Additionally, end we unit expect first our mechanically started to by be quarter. complete also our is polyethylene and it the low-density
industrial raw of offset in to Slide forma products synergies Imaging million. negative from than achieved in costs, operating costs. gains and and X, up for growth. Volume Benefits forma continued microbial bioactives, from $XXX material Electronics offset industrial $XXX Transportation primarily volume energy demand operating Nutrition control EBITDA million, electronics, portfolio material benefit up and EBITDA double-digit growth polymer's demand solutions consumer growth EBITDA million increased $XXX cost reported higher on specialty operating impact related of of from million. EBITDA for demand hurricane automotive, sales in was segment was and biosciences gains more pro led from including EBITDA medical cost higher a local increased from Volume and in $XXX from forma on electrics strong were raw Moving markets. cost pro across EBITDA and million broad and the industrial in the million, price markets end-markets. demand of million and probiotics, packaging. up pharmaceuticals. Growth from growth operating volume volume pro more operating synergies growth costs, based by EBITDA to and gains, by million advanced and construction $XXX and pro portfolio operating growth a operating Safety EBITDA of of than led & up volume $XXX of construction driven by by $XXX synergies driven $XXX operating achieved semiconductor double-digit improved of solid markets, forma
compelling in growth offer -, benefits. strong and full-year this nutrition, automotive continued we see customer continue We add higher demand, to capacity Looking construction the markets. plan where ahead areas to semiconductor, for we from market namely to
offerings, in We the delivery four are cost are We gross and good at progress global realignment are portfolio of in on in and and about based enhanced see plans, FMC the talking and synergy margin biosciences benefit growth all for the segments. our with gains construction. business to making safety expansion resulting customers the top-line GDP a better, by full-year group from which will led nutrition
Operating Turning our of we the to the net of well billion. be to to we healthy starting guidance the as gains most on in range $XX.X Company our billion level, $XX.X in At range continued of $X.X with modeling across businesses. expected our to quarter as is to Slide XX, billion be $X.X demand first expect pricing expect sales EBITDA billion. outlook,
product final will First into an be timing of decisions North in segment delayed by be farmers' quarter by Ag the Safrinha planting by resulting in sales impacted The results summer driven Brazil shift the second from an quarter unfavorable in the delay negatively results impacted a America. will the expected harvest. expected quarterly season also season mix in
increase sales operating anticipated momentum, are to X% are pricing year-over-year feedstock EBITDA the than and Volume to expected Excluding XX% pension lower AG segment gains, costs and synergies first DowDuPont's respectively. quarter cost. more and cost higher offset OPEB
across winter On has severe Gulf U.S. operational the logistics recent and industry. caused the weather Coast, issues
startups. material $XX a of the million We outlook translate contributions to million first portfolio, science to also I will by to the expect for you in Coast the refer commentary be into which $XX Gulf this segment headwind on quarter. encourage Slide offset the the future earnings to partly from for for our the U.S. XX appendix
find Next full-year for I'll briefly XX. on outline our expectations Slide the XXXX which you will
driven We expect percent core top-line by growth mid-single markets. in continued healthy in end the demand our digit
pension growth to costs. related tax expense cost including projects business offset percent EPS and from contributions lower coming will expect by high-teens online We capacity the results on partly additions, our improved in the OPEB interest to synergies lower new from be growth Higher tailwind mid rate.
performance at all tested on would Sadara, In some asset XX significant I up comments the full bringing integration. with made the units The site year. strides online. JV’s step, late confidence the a be next gives year is lender next to towards Sadara runs reliability or conduct to as in we the months test test. strong LRT for operational early full coming move In ramped steadily end to fourth its on Sadara JV world the the and this quarter site’s and us XXXX, XX. Finally, like expect Slide ready to class planning the
in growth almost customers sales we emerging nearly Sadara countries The chain, in countries. guidance XXX delivered to terms positioned and Europe, meet some beginning. more countries. have than billion up flow. led the than produced already JV drivers isocyanate the Eastern EBITDA Here we in to has XXX the cash products the Sadara scale strong contributions TDI ramping pounds And in XX of and material customers performed with provided has in to and achieved. sciences product Financially, Africa. XXX just in customers to is well in the been MDI on are of Asia, better supplied in regions XX derivatives line or XXXX. more and year four revenue, already delivered to are Sadara are XX polyethylene points Sadara’s already XXXX India consumer the of its than breadth In XXXX,
of XXXX As is tailwind progress an since year all implementing spite underlying enters making commercial in on that that’s about profitability and fully we project. annual investment and new our which a step it both see operations, to JV Sadara from to the year-over-year the the have And the this see to first remain these $XXX of why the we look is to basis. an growth Sadara long-term important cycle. its This a JV factors from that XXX year JV Sadara partners in the from EBITDA million with changed of committed this both that is is still solid shows we for over reality. partner oversight contribution million average plan authorize action aligns partners we the long-term and
its ahead, continue optimizing LRT that, activities. scaling further rates, This go will mix, and and As the Sadara we over our ramping executing action call operating plan. forward the start-up I look commissioning to preparing for down will out the With Andrew. product site and teams and turn selling includes
