local product prices rose 16% – Amine Catalysts https://www.newtopchem.com The Leading Supplier of China Amine Catalysts Fri, 22 Jul 2022 07:51:51 +0000 zh-Hans hourly 1 https://wordpress.org/?v=6.1.7 https://www.newtopchem.com/wp-content/uploads/2023/12/1.jpg local product prices rose 16% – Amine Catalysts https://www.newtopchem.com 32 32 Dow Chemical’s second-quarter profit and sales exceeded expectations, local product prices rose 16% https://www.newtopchem.com/archives/39442 Fri, 22 Jul 2022 07:51:51 +0000 https://www.newtopchem.com/archives/39442 Latest News: On July 21, chemical and specialty materials company Dow Company (DOW) reported second-quarter profit and sales that beat expectations as higher selling prices helped it offset the impact of COVID-19. Pandemic-related lockdowns, logistical restrictions, and rising energy and raw material costs.

Dow Chemical’s net income fell to $1.68 billion from $1.93 billion a year earlier, and earnings per share fell to $2.26 from $2.51
Dollar. During the same period, the company’s domestic market product prices rose 16%, and all market segments, business units and regions increased product prices.

Operating profit per share was $2.31, beating the consensus estimate of $2.14. Sales revenue rose 12.8% year-on-year to $15.66 billion, beating market expectations of $15.55 billion. Strong growth in its Packaging and Specialty Plastics business offset weaker-than-expected results in its Industrial Intermediates, Infrastructure, Performance Materials and Coatings business units.

Cost of sales increased by 20.1%, outpacing the growth rate of sales revenue. Gross profit margin dropped from 22.65% to 17.65%.

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