This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Dow Reports Third Quarter Results

Stocks in this article: DOW

Results in the third quarter of 2011 were impacted by one item:

  • Pretax $86 million gain related to cash collected on a previously impaired note receivable related to Equipolymers, a nonconsolidated affiliate. The gain is shown as "Equity in earnings of nonconsolidated affiliates" in the consolidated statements of income and reflected in Performance Plastics.

The following table summarizes the impact of certain items recorded in the nine-month periods ended September 30, 2012 and September 30, 2011:

                   
Certain Items Impacting Results     Pretax Impact (1)     Net Income (2)     EPS - Diluted (3)
Nine Months Ended Nine Months Ended Nine Months Ended
In millions, except per share amounts (Unaudited)     Sep 30, 2012   Sep 30, 2011     Sep 30, 2012   Sep 30, 2011     Sep 30, 2012   Sep 30, 2011
Adjusted to exclude certain items (non-GAAP measures)   $ 1,860   $ 2,670 $ 1.57   $ 2.29
Certain items:
Restructuring charges $ (357 ) $ (287 ) (0.25 )
Acquisition-related integration expenses (31 ) (20 ) (0.02 )
Gain on collection of impaired note receivable 86 86 0.07
Loss on early extinguishment of debt     (24 )   (482 )     (15 )   (314 )     (0.01 )   (0.27 )
Total certain items     $ (381 )   $ (427 )     $ (302 )   $ (248 )     $ (0.26 )   $ (0.22 )
Reported (GAAP amounts)               $ 1,558     $ 2,422       $ 1.31     $ 2.07  

(1) Impact on "Income Before Income Taxes."(2) "Net Income Available for The Dow Chemical Company Common Stockholders."(3) "Earnings per common share - diluted."

9 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs