Dow Chemical Earnings Surge in Quarter

Midland, MI, July 27, 2011 -- Dow Chemical Co. reported second quarter earnings of $982 million, or $0.84 per share, compared with $566 million, or $0.50 per share, a year earlier.

Dow reported sales of $16.0 billion in the second quarter, the second highest quarter in the company’s history. Sales increased 18%, driven by price gains of 17% compared with the same period last year.

Coatings and Infrastructure sales were $1.6 billion. Excluding the impact of divestitures, sales were up 14%, completely driven by price gains, Dow said.

Double-digit sales gains were reported in Dow Adhesives and Functional Polymers, Dow Building and Construction, and Dow Coating Materials.

However, volume growth in Dow Building and Construction and Dow Coating Materials continued to be restrained by soft demand from construction and architectural end-markets in developed regions.