Midland, Michigan – Dow Chemical Co. reported a 16% increase in sales, despite a decline in net income.
The firm reported $13.8 billion (€11.7 billion) in second quarter sales, up from about $12 billion in the same period for 2016. Net income, however, dropped to $1.36 billion from $3.23 billion.
Excluding the addition of Dow Corning’s silicones business, sales rose 8% overall year-over-year and showed increases across all operating segments and geographic areas.
Volume also increased by 3%, excluding the impact of acquisitions.
“This quarter extended Dow’s track record…