Dow Corning reports FY profits up

  Company financial news

In its FY 2014 results, Dow Corning reported fourth quarter 2014 earnings of USD 37.2 million on sales of USD 1.68 billion, resulting in earnings of USD 204.6 million in the quarter when adjusted to exclude certain factors.

Finances
Dow Corning Corp. reported increased profits and sales for 2014
Dow Corning Corp. reported increased profits and sales for 2014, with adjusted earnings up 72% for the year.
The corporation said it earned USD 513 million last year, with sales of USD 6.22 billion and an adjusted profit of USD 522 million.
In 2013, the company made USD 376 million, or USD 304 million on an adjusted basis, with sales of USD 5.71 billion.
“In 2014, Dow Corning demonstrated why we lead the silicon-materials industry, as we returned to a trajectory of sales and profit growth despite operating in an oversupplied industry and a significantly volatile marketplace,” said J. Donald Sheets, Dow Corning executive vice president and chief financial officer.
Sheets said the company increased its Silicones segment sales in 2014 by providing customers with quality products and experts to help use them.
“Dow Corning continues to lead the industry in the development of new formulations and applications for silicon-based technologies,” Sheets said. “This commitment to long-term growth, as well as our diligence in maintaining and enhancing our cost-leadership, has positioned us for continued growth and success.”
Sheets said Hemlock Semiconductor Group’s polysilicon business continued to have a strong performance in 2014, but there has been a lack of progress in resolving trade disputes in the solar industry.
Dow Corning also reported its fourth quarter earnings were USD 37.2 million on sales of USD 1.68 billion. When adjusted to exclude certain factors, the corporation ...






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