Dow Corning Year-to-Date Sales, Net Income Decline
Dow Corning Corp. today announced sales of $4.64 billion and net income of $288 million through the first three quarters of 2012. Dow Corning’s year-to-date sales and net income were down 5% and 47%, respectively, compared to 2011. Oversupply, economic volatility and high raw material costs reportedly continue to challenge the company’s profits.
Sales for the third quarter of 2012 were $1.55 billion, 7% lower than last year’s third quarter. Net income was $97 million, 45% lower than the same period last year.
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