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Dow Corning Corp. announced sales of $4.12 billion and net income of $267 million through the first three quarters of 2013. Dow Corning's year-to-date sales and adjusted net income were down 11% and 25%, respectively, compared to 2012.
October 25, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
Third quarter sales were $1.43 billion, 8% lower than last year’s third quarter. Pricing pressure continued to limit margins in Dow Corning’s Silicones segment. Polysilicon segment performance tracked positively despite continued pricing and volume pressure. Adjusted net income was $28 million, 64% lower than last year’s third quarter. Year-to-date sales were $4.12 billion, 11% lower than last year. Adjusted net income was $201 million, 25% lower than last year. “Despite the signifi...
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