IBJNews

Dow Agro sales surge to record in second quarter

Back to TopCommentsE-mailPrintBookmark and Share

Dow AgroSciences posted record second quarter sales of $1.7 billion, up 12 percent from a year ago, the company announced Thursday morning.

Sales were helped by a 2-percent increase in prices and the introduction of new products in North America, Latin America and the Asia Pacific region.

Earnings before interest, taxes, depreciation and amortization totaled $307 million, up 7 percent over the same quarter a year ago.

Dow AgroSciences enjoyed growth in both its major product segments. Crop-protection products saw 8-percent higher sales compared with the first quarter last year, and sales of the company’s array of seeds, seed traits and oils grew 30 percent.

Dow AgroSciences, which is headquartered in Indianapolis, is a subsidiary of Michigan-based Dow Chemical Co., the world’s largest chemical company.

Dow Chemical's second quarter profit fell 34 percent as weaker demand led to lower prices. For the quarter ended June 30, Dow Chemical's earnings fell to $649 million, or 55 cents per share, compared with $982 million, or 84 cents per share, a year ago.

Revenue dropped 10 percent, to $14.5 billion.
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
thisissue1-092914.jpg 092914

Subscribe to IBJ
ADVERTISEMENT