{"id":39442,"date":"2022-07-22T15:51:51","date_gmt":"2022-07-22T07:51:51","guid":{"rendered":"https:\/\/www.newtopchem.com\/archives\/39442"},"modified":"2022-07-22T15:51:51","modified_gmt":"2022-07-22T07:51:51","slug":"dow-chemicals-second-quarter-profit-and-sales-exceeded-expectations-local-product-prices-rose-16","status":"publish","type":"post","link":"http:\/\/www.newtopchem.com\/archives\/39442","title":{"rendered":"Dow Chemical&#8217;s second-quarter profit and sales exceeded expectations, local product prices rose 16%","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"<p>\n <strong>Latest News: <\/strong>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.\n <\/p>\n<p>\n Dow Chemical&#8217;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<br \/>\n Dollar.  During the same period, the company&#8217;s domestic market product prices rose 16%, and all market segments, business units and regions increased product prices.\n <\/p>\n<p>\n 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.\n <\/p>\n<p>\n Cost of sales increased by 20.1%, outpacing the growth rate of sales revenue.  Gross profit margin dropped from 22.65% to 17.65%.<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"<p>Latest News: On July 21, chemical and specialty materia&#8230;<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[13334,13335],"gt_translate_keys":[{"key":"link","format":"url"}],"_links":{"self":[{"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/posts\/39442"}],"collection":[{"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/comments?post=39442"}],"version-history":[{"count":0,"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/posts\/39442\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/media?parent=39442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/categories?post=39442"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/tags?post=39442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}