Dow Corning adapts to changing market
A
Dow Corning product story
Edited by the Engineeringtalk editorial team
Jan 31, 2006
Dow Corning Corp has reported adjusted net income of $96.6 million for the fourth quarter of 2005, a 29% increase from the $74.8 million reported in same quarter of 2004.
Dow Corning Corp has reported adjusted net income of $96.6 million for the fourth quarter of 2005, a 29% increase from the $74.8 million reported in same quarter of 2004.
For all of 2005, adjusted net income was $472.1 million, 64% higher than the $288.8 million reported for 2004.
Fourth quarter 2005 sales were $942.7 million, 8% greater than sales of $876.7 million in last year's fourth quarter.
For all of 2005, sales were $3.88 billion, an increase of 15% from sales of $3.37 billion in 2004.
Including all items, Dow Corning reported net income of $100.0 million for the fourth quarter of 2005 and $506.5 million for all of 2005.
"This performance reflects the capabilities of our global workforce to adapt to changing market conditions, including increasing raw materials and energy costs", said Vice President and Chief Financial Officer J Donald Sheets.
"We are taking 'innovation' to a new level - applying it to supply chain management and business model development, for example, in addition to the science and technology of silicon".
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