Seeking Alpha
0
All posts from Seeking Alpha
Seeking Alpha in Seeking Alpha - Read, Decide, Invest.,

Dow Chemical Company Is Rewarding Its Stockholders

The Dow Chemical Company (DOW) manufactures 6000 products at 201 sites in 35 countries around the world. It produces specialty chemicals, advanced materials, plastics and science-based agricultural products and seeds. DOW released its quarterly financials on January 29, and reported the following: (click to enlarge)

(Source: Taken from Q4 2014 Earnings Slides on DOW Website)

A Look at the adjustments to EBITDA and Net Income disclosed that there were asset impairments, asbestos related charges, site abandonment charges, and warranty accruals from exited businesses. There was also a credit from the Dow Corning implant liability adjustment. All these so-called adjustments were direct results of the company doing business and/or the company transforming its business. While DOW maintains that these adjustments represent one-time events and therefore do not adequately show what is happening with its ongoing business, these expenses are part of the normal course of events for this or any other… Read More …