Dow Corning Announces Its Sales and Profits for First Half of 2013

On July 31, Dow Corning Corp. announced sales of $2.69 billion and net income of $149 million for the first half of 2013. Dow Corning's year-to-date sales and adjusted net income were down 13 percent and 9 percent, respectively, compared to 2012. Adjusted net income for 2013 excluded restructuring expenses.

Additional information about Dow Corning's financial results:

Second Quarter Results

  • Sales were $1.43 billion, 9 percent lower than last year's second quarter.
  • Q2 silicones segment sales were up nearly 6 percent compared to Q1.
  • Polysilicon sales volume and prices remained challenged by industry oversupply.
  • Adjusted net income was $107 million, 11 percent lower than last year's second quarter.

Year-to-Date Results

  • Sales were $2.69 billion, 13 percent lower than last year.
  • Adjusted net income was $174 million, 9 percent lower than last year.

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