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Price Increases Give Significant Boost to Dow Chemical's Quarterly Earnings

SUGAR LAND--October 24,2008--Researched by Industrial Info Resources (Sugar Land, Texas)--The Dow Chemical Company (NYSE:DOW) (Midland, Michigan) released its earnings for the third quarter of fiscal year 2008 on October 23. In the face of two hurricanes, rising energy and transportation costs, and reduced product demand, Dow still managed to raise its net income 6% from 3Q07, despite a 9% decrease in sales volume. Sales volumes were down in four of Dow's six operating segments, but price increases helped increase income from sales. Dow estimated that Hurricanes Ike and Gustav caused a loss $127 million for the quarter.

Other companies featured: Corning Incorporated (NYSE:GLW)

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Industry Segment: Chemical Processing
Word Count: 606 Words

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