Trade Resources Company News Dow Corning Increased Sales and Profits for First Half of 2014

Dow Corning Increased Sales and Profits for First Half of 2014

Dow Corning Corp. today announced sales of $3.02 billion, an increase of 12 percent over 2013, and net income of $300 million. Adjusted net income in the first half of 2014 was $209 million, an increase of 20 percent compared with the first half of 2013.

Adjusted net income for 2014 excluded gains from a derivative contract and long term sales agreements. Adjusted net income for 2013 excluded restructuring expenses. Additional information about Dow Corning's financial results:

Second Quarter Results

    Sales were $1.50 billion, 5 percent higher than last year's second quarter

    Adjusted net income was $100 million, 7 percent lower than last year's second quarter

    Silicones segment sales grew in most geographies; significant growth in transportation and electronics applications

    Profits in both the Silicones and Polysilicon segments were tempered by inflation from raw materials costs

Year-to-Date Results

    Sales were $3.02 billion, 12 percent higher than the first half of last year

    Adjusted net income was $209 million, 20 percent higher than the first half of last year

Source: http://www.coatingsworld.com/contents/view_breaking-news/2014-08-01/dow-corning-reports-increased-sales-and-profits-for-first-half-of-2014/
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Dow Corning Reports Increased Sales and Profits for First Half of 2014
Topics: Construction