Dow Chemical named ICIS Company of the Year
ICIS Editorial
19-Sep-2016
ICIS (NEW YORK and LONDON) — US-based Dow
Chemical has been named the ICIS Company of the Year, based
on financial metrics, by ICIS Chemical Business.
The selection takes into account
year-on-year growth in profits at the operating and net
levels, as well as margins in 2015.
“We congratulate Dow Chemical on its
outstanding financial performance in a challenging market
characterised by declining crude oil and chemical prices, and
slow global economic growth,” said Joseph Chang, Global
Editor of ICIS Chemical Business.}
“The breadth of the Dow portfolio, and its increased
orientation towards performance plastics and performance
chemicals helped lessen the negative impact of lower priced
oil,” said Nigel Davis, ICIS Insight Editor.
In 2015, Dow posted a 12% increase in
operating earnings per share (EPS) to $3.11, despite a 16%
decline in sales to $48.8bn. Operating earnings before
interest, tax, depreciation and amortization (EBITDA) rose 3%
to a record $9.6bn. Its operating EBITDA margin was a robust
19.7%.
Dow is in the process of completing its
planned merger with DuPont, a transaction planned to close by
the end of the year.
“We appreciate ICIS’ recognition of Dow’s
financial performance. Through the relentless and disciplined
execution of our strategy we’ve created a portfolio that
delivers growth despite volatile market conditions,” said Dow
chairman and CEO Andrew Liveris.
“Our unique combination of world-class
innovation, diversified integration and narrower and deeper
market focus have enabled us to grow operating earnings and
expand margins for 15 consecutive quarters. The historic
DowDuPont transaction offers an opportunity to deliver even
greater value to all stakeholders, as we drive the intended
separation into three independent, leading science-based
companies that will redefine their respective industries,” he
added.
Click here to download the ICIS
Company of the Year article, sponsored by US Chemicals, a
Maroon Group company.
The ICIS Company of the Year award is
made for outstanding financial performance in 2015 based on
detailed analysis of financial metrics from the data
collected for the ICIS Top 100 Chemical Companies – a listing
of the world’s major producers published in
the September 5, 2016 issue of ICIS Chemical
Business.
Click here to
download the ICIS Top 100 Chemical Companies
listing.
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