dow chemical co/the (DOW) Key Developments
The Dow Chemical Company Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Jul 23 15
The Dow Chemical Company announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the second quarter, the company reported net sales of $12,910 million against $14,917 million a year ago. Income before income taxes was $1,514 million against $1,314 million a year ago. Net income was $1,197 million against $970 million a year ago. Net income attributable to company was $1,220 million against $967 million a year ago. Net income attributable to company’s common stockholders was $1,135 million against $882 million a year ago. Diluted earnings per common share were $0.97 against $0.73 a year ago. Capital expenditures were $998 million against $864 million a year ago. EBITDA was $2,377 million against $2,224 million a year ago.
For the six months, the company reported net sales of $25,280 million against $29,378 million a year ago. Income before income taxes was $3,719 million against $2,805 million a year ago. Net income was $2,716 million against $2,036 million a year ago. Net income attributable to company was $2,698 million against $2,016 million a year ago. Net income attributable to company’s common stockholders was $2,528 million against $1,846 million a year ago. Diluted earnings per common share were $2.15 against $1.52 a year ago. Capital expenditures were $1,901 million against $1,536 million a year ago. EBITDA was $5,440 million against $4,620 million a year ago. Year-to-date, cash from operations was $2.7 billion, up $700 million against the same period last year.
Dow Chemical to Expand Corporate Headquarters
Jul 22 15
The Dow Chemical Company has announced plans to construct a new 150,000-square-foot building at its headquarters in Midland, MI. Dow expects that construction of the six-story building, part of the company's 150-acre corporate campus, will take two years to complete. The new facility will be designed with an open floor plan and will have office space for more than 600 employees.
Dow Reportedly Seeks Finance
Jul 22 15
All told, The Dow Chemical Company (NYSE:DOW) is planning to raise some $6 billion in non-strategic asset sales, which makes the remaining portion of its business easier to understand but more investment-worthy. This is because Dow Chemical's attention to high-growth businesses such as agricultural sciences, building and construction, and performance plastics, makes the company's consensus long-term earnings growth projections arguably underestimated.
Dow Chemical to Relocate about to 350 employees to a Suburban Corporate Center in Collegeville by Mid-2016
Jul 16 15
Dow Chemical announced that about 350 employees would be relocated to a suburban corporate center in Collegeville by mid-2016. The move is part of a several-step realignment of Dow facilities in the Philadelphia region that combines researchers at the former Rohm & Haas Spring House facility in Montgomery County and the business staff in Center City in leased space at the underused Pfizer pharmaceuticals complex. The move may be a hardship for many who take SEPTA mass transit to the Independence Mall offices. A number of employees commute from Bucks County because of the company's big chemical complex in Bristol Borough, which has een a feeder for employees to downtown offices.
The Dow Seeks Investments
Jun 3 15
The Dow Chemical Company (NYSE:DOW) is looking for investment opportunities. The Dow is "restless for growth" and looking for new investment opportunities that could include Australia, according to, Andrew Liveris. Chief Executive Officer of The Dow.