|
|
 |
| |
|
Home > Fortune 500 Companies > Dow Chemical
Dow Chemical
Dow Chemical is a publicly traded company having a very good stock performance record. Dow Chemical is a fortune 500 stock listed company trading under the symbol DOW.
The Company achieved record sales of 40.2 billion dollars in 2004, earned 2.93 dollars per share and strengthened their balance sheet through a 1.3 billion dollars reduction in the net debt of the Company despite a staggering 3.4 billion dollars increase in feed- stock and energy costs. These results owed much to their continued commitment to financial discipline and their ongoing drive for cost efficiencies across every part of the Company.
They easily met the challenges outlined in the Company’s Action Plan. Price and volume were aggressively managed, rising 17 percent and 6 percent, respectively, in the year and increasing 004 revenues. Structural costs were kept in tight check, including a further reduction of 3,100 jobs, making a total reduction of 6,700 jobs since the start of 2003. Capital spending remained within the Company’s 1.3 billion dollars target.
The Company continued to expand its profit margins spreading between product prices and feedstock costs by a total of 2 billion dollars for a year. Over the past 2 years, the Company has improved its margins by a total of 3.3 billion dollars. For the year, they increased sales up to 23 percent to an historic high of 40 billion dollars, with 17 percent from higher prices and 6 percent from increased volume.
They continued to develop business models that will deliver competitive advantage and sustain their leadership position in the long term, challenging conventional thinking as they sought new ways to ensure sustainable growth.
Back to Fortune 500 Companies
|
|
|
|
|
|
|