Indianapolis-based Dow AgroSciences LLC is reporting a full-year profit of $859 million, compared to $962 million during the previous year. In the fourth quarter, the company recorded a profit of $220 million, compared to $222 million in the same quarter a year earlier. DowAgro’s parent, Dow Chemical Co. (NYSE: DOW), says gains from product line sell-offs and cost-reduction efforts were offset by "pricing headwinds" and the divestiture of the AgroFresh business.
Dow Chemical is in the process of a $130 billion merger with DuPont (NYSE: DD) that would create three independent, publicly-traded companies from the combined DowDuPont "merger of equals." It could close later this year.
Prior to the merger announcement, Dow Chemical said it was exploring all options regarding the future of Dow AgroSciences, calling it a "highly-attractive and well-positioned business."
Dow AgroSciences employs around 1,500 at its northwest side Indianapolis campus. You can connect to Dow’s full annual earnings report by clicking here.