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Dow Corning Corp. recently announced year-to-date sales of $3.02 billion, an increase of 12% over the same period in 2013. Net income for the half year was $300 million. Second quarter sales were $1.5 billion, 5% higher than last year’s second quarter. Adjusted net income was $100 million, 7% lower than the same quarter last year.
“We had a strong first half of the year, as our team committed to returning Dow Corning to a trajectory of growth in 2014,” said J. Donald Sheets, executive vice president and CFO. “Thus far in 2014, sales and profits are growing, outpacing a sluggish global economy and amidst industry oversupply and increased raw materials costs.”
For more information, visit www.dowcorning.com.