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[February 2006]
Dow Corning Reports Sales and Income
Dow Corning Corp (Midland, MI, USA) has reported adjusted net income of US$96.6 million for the fourth quarter of 2005, a 29% increase over the fourth quarter 2004.
For all of 2005, adjusted net income was US$472.1 million, 64% higher than the US$288.8 million reported for 2004.
Sales in Q4 2005 were US$942.7 million, 8% up on Q4 2004.
For all of 2005, sales were US$3.88 billion, an increase of 15% from sales of US$3.37 billion in 2004.
Including all items, Dow Corning reported net income of US$100 million for Q4 2005 and US$506.5 million for the year.
"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 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."
www.dowcorning.com
ENDS