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Dow Chemical reports financial results for Q2

by ChemOrbis Editorial Team - content@chemorbis.com
  • 24/07/2015 (16:39)
Dow Chemical released its financial results for the second quarter, according to a press release on the company’s website. Earnings per share rose to $0.97 ($0.91 on an operating basis), up 23% from the same period of 2014.

Meanwhile, EBITDA for the quarter rose to $2.4 billion while Operating EBITDA was recorded at $2.5 billion. Operating EBITDA margin rose to 19%, up 396 basis points on the year. Gains were attributed to strong margins in Performance Materials & Chemicals and Performance Plastics.

However, sales were down 13% to $12.9 billion on the year due to lower crude oil prices and the strong US dollar. On the other hand, sales rose 4% on a quarterly basis across all geographic areas.
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