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CW Insider, October 26: Earnings Improvement
1:33 PM MDT | October 23, 2009 | Robert Westervelt
Chemical makers have so far reported decent third-quarter earnings as demand and margins continued to improve from early 2009 levels. Dow Chemical reported third-quarter net income up 45%, to $799 million (63 cts/share) including gains from divestments, and losses associated with acquisitions and the extinguishment of debt. Earnings were 24 cts/share excluding one-time items, compared to 59 cts/share excluding one-time items in the year-ago quarter. Ebitda for Dow’s operating segments excluding certain one-time items was $1.55 billion, a decline of...
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