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Chemical Week Magazine :: Business & Finance :: United States/Americas
Diversified results reflect economic headwinds
11:14 AM MDT | July 26, 2013 | CW Staff
Economic headwinds are evident in second-quarter diversified results, which showed year-on-year (YOY) declines nearly across the board. Companies, however, generally met lowered expectations after estimates had been cut during the quarter. Dow Chemical was the outlier, benefitting from exposure to 2013’s bright spots—agriculture markets and cheap US shale gas. Although executives say signs point to modest recovery in some end markets and regions, their cautious optimism is hedged by a continued emphasis on cost-cutting efforts. Dow reports profits...
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