Volume Growth Drives Up Sales and Profits at Diversified Firms

Most commodity and diversified chemical companies posted another consecutive quarter of big profit and revenue growth for the period ended June 30 (table). Producers are optimistic about the economy going forward, and several have lifted earnings guidance, but analysts warn that growth will likely moderate in the second half of the year due to normal seasonality, as well as margin compression in the ethylene chain. Dow Chemical reported second-quarter net income of $651 million (50 cts/share), compared with a loss of $344 million in the year-ago period. Sales...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers