Dow Corning earnings ahead at H1

By Patrick Raleigh, ERJ On-line news editor

Midland, Michigan-Dow Corning Corp. has posted a 47-percent rise in adjusted net income to $79.8 million for the second quarter on sales of $851.9 million, 20 percent higher than in the same period last year. First half earning were also up 47 percent, at $132.0 million, while sales rose 22 percent to around $1670 million

The earnings figures exclude restructuring costs and a cumulative adjustment to Chapter 11 interest expense. Including these items, Dow Corning reported second quarter net earnings…

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