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Dow Chemical announces strong financial results for Q3

by ChemOrbis Editorial Team -
  • 23/10/2014 (16:03)
Dow Chemical Company announced its financial results for the third quarter of 2014, according to a press release on the company’s website. The company posted strong growth on a quarterly basis in the July-September period of 2014.

The company’s sales increased 5% to reach $14.4 billion in the third quarter compared to the previous year. This increase was attributed to tightening demand conditions and higher sales levels, especially in the performance plastics and performance materials segments. The company increased its sales in almost all developed regions, especially in North America, where Dow reported an increase of 7%. The company’s sales were also up 6% in emerging countries like Latin America.

Dow’s EBITDA for the third quarter climbed to $2.3 billion, up 24% from the same period of 2013. The company cited ongoing productivity activities and improved market fundamentals as the main reasons behind the increase.
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