Summary Box: Dow Chemical 1Q income up 34 percent

AP News
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Posted: Apr 28, 2011 2:02 PM
Summary Box: Dow Chemical 1Q income up 34 percent

THE NUMBERS: Dow Chemical reported net income of $625 million, or 54 cents per share, for the three-month period ended March 31. That compared with $466 million, or 41 cents per share, for the first quarter in 2010. Revenue increased 10 percent to $14.73 billion.

THE IMPETUS: Dow Chemical recorded double-digit sales growth in all operating segments and locations. Prices rose 12 percent, offsetting higher energy costs.

WHAT'S NEXT: Dow Chemical believes the economy will continue to improve in the U.S., Western Europe and other developed countries despite high unemployment rates, lingering sovereign debt problems and inflation concerns.