Dow Sticks to $10 Billion Profit Target as Economies Slow

Dow Chemical Co., the biggest U.S. chemical maker, said slowing economies in Western Europe and the U.S. won’t prevent earnings from rising about 16 percent to the company’s near-term goal.

Earnings before interest, taxes, depreciation and amortization will climb to $10 billion in the next one to two years, from $8.6 billion in the 12 months ended June 30, Chief Executive Officer Andrew Liveris said today in New York. The forecast assumes zero to 1 percent economic growth in developed Western economies and continued “robust” growth in China and other developing countries, he said.