Sales increased to $13.8 billion, up 16% year-over-year.
The Dow Chemical Co. recently announced second quarter 2017 results. Sales increased to $13.8 billion, up 16% year-over-year. Sales rose 8% excluding the addition of Dow Corning’s silicones business, with increases reportedly in all operating segments and all geographic areas. Sales gains were led by performance materials and chemicals (up 13%) as well as performance plastics and consumer solutions (each up 8%), and by EMEAI (up 12%), Asia Pacific (up 8%) and North America (up 7%).
Operating earnings before interest, taxes, depreciation and amortization (EBITDA) reportedly rose 12% to $2.8 billion, with gains in all operating segments, except performance plastics, driven by higher prices, broad-based demand growth, new product introductions, cost controls and productivity measures, and the contribution of Dow Corning’s silicones business. These gains more than offset higher feedstock costs, commissioning and startup costs at Sadara and in the U.S. Gulf Coast and planned maintenance spending.