Processing Magazine

Dow Chemical First Quarter Profit Climbs as Demand Rebounds

April 29, 2010

According to the Associated Press, Dow said Wednesday the improving demand signals a stronger economy, although it remains concerned about high unemployment, potential inflation in some regions and debt problems in European countries. The Midland, Mich., company has a broad reach, from agricultural seeds to ingredients for cosmetics, electronics components, automobile paint and food additives. Dow said stronger demand and price increases across most of its businesses bolstered its first-quarter results. Net income rose to $466 million, or 41 cents a share, after paying preferred dividends, A year ago, it earned just $24 million, or 3 cents a share.