DowDuPont tumbles after reporting $4.6 billion impairment charge

DowDuPont shares fell more than 6 percent during after-hours trading Thursday as the company faces a $4.6 billion impairment charge.

The chemical company’s $4.6 billion charge is usually related to goodwill as well as some other assets of its agriculture reporting unit, according to the SEC filing. in which occurred at the time of the merger between The Dow Chemical Company as well as E.I. du Pont de Nemours in 2017.

DowDuPont’s analysis showed in which its agriculture reporting unit would likely not meet its cash-flow projections. The company faces headwinds as decreases in commodity prices as well as higher-than-anticipated industry grain inventories are anticipated to impact farmers’ income.

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