US-based Dow Chemical has been named the ICIS Company of the Year, based on financial metrics, by weekly global publication 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.
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.
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