Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Dow Corning Reports Increased Sales and Profits for First Half of 2014 - Coatings World

What are you searching for?

Sign in
Breaking News

Dow Corning Reports Increased Sales and Profits for First Half of 2014

Author Image

By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

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

Add us as a preferred source on Google

Get the latest Coatings World news, insights and analysis in your Google Search and AI experiences.

Add Coatings World as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Coatings World Newsletters