Dow Corning Reports Growth in Sales, Profits for Second Quarter 2003


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Midland, Mich. — Dow Corning Corp. has reported consolidated net income of $54 million for the second quarter of 2003, 17 percent higher than the $46 million net income reported in same quarter of 2002, after excluding restructuring expenses incurred in 2002.

First-half 2003 net income was $90 million, 30 percent higher than the $69 million reported in the first half of 2002, after excluding restructuring expenses incurred in 2002. Second-quarter 2003 sales were $713 million, 10 percent growth above sales of $650 million in last year's second quarter. First-half 2003 sales were $1.37 billion, an 11 percent increase from sales of $1.23 billion in the same period last year.

Dow Corning develops, manufactures and markets diverse silicon-based products and services, and currently offers more than 7,000 products to customers around the world. For more information, visit www.dowcorning.com.

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