DOW Chemical had a strong Q2

DOW had a blockbuster second-quarter earnings report by the chemical company, whose Coatings Materials unit promises formulators “the Coatings Innovations of Tomorrow.”

Dow reported $16 billion in sales for the quarter—the second-highest quarter in its history. Sales excluding the impact of divestitures increased 28 percent year-over-year, with double-digit gains in all operating segments and geographic areas.

Sales in emerging markets reached $4.9 billion—a new quarterly record for the company. Volume growth in these regions was 14 percent, excluding the impact of divestitures. Sales in Asia Pacific reached a new quarterly record of $2.7 billion and grew 23 percent, excluding divestitures.

Andrew N. Liveris, Dow’s chairman and chief executive officer, said the numbers signaled “another quarter of tremendous progress for Dow.”