Dow Reports Second Quarter Results

Company Delivers Quarterly Sales Record, Volume Gain of Five Percent and Record Performance from Dow AgroSciences MIDLAND, Mich., July 24 /PRNewswire-FirstCall/ -- Second Quarter 2008 Highlights - Sales for the second quarter set another Company record, rising 23 percent from the same period last year to $16.4 billion. Double-digit price increases were recorded in all operating segments and all geographic areas. - Volume grew 5 percent, with 12 percent growth in geographic areas outside of North America, including an 11 percent volume increase in Europe. - Earnings for the quarter were $0.81 per share, compared with earnings per share of $1.07 in the same quarter last year. - Purchased feedstock and energy costs surged 42 percent, or $2.4 billion, compared with the same quarter last year, the largest year-over-year increase... [read full story]