Dow Corning reports sales and profits for fourth quarter and 2009 year-end

摘要

DOW Coming Corp. today reported consolidated net income of $270.5 million for the fourth quarter of 2009, an increase of 57 percent from net income of $172.6 million reported in the fourth quarter of 2008. For all of 2009, net income was $579.6 million, a decline of 22 percent from net income of $738.7 million reported in 2008. Dow Corning reported adjusted consolidated net income of $211.3 million for the fourth quarter and $578.0 million for all of 2009. The 2009 adjusted net income excluded restructuring charges and the tax benefit associated with foreign dividends. In 2008 consolidated adjusted net income was $174.2 million for the fourth quarter and $775.7 million for the year. The 2008 results were adjusted for a loss from a write down of certain investments.