As the Company looks ahead to 2013 and beyond, Liveris emphasized Dow’s commitment to protecting the Company’s earnings foundation, enhancing its financial flexibility and consistently rewarding its shareholders.
“We are proactively and aggressively implementing the tough decisions required to deliver consistent value growth in this new, slow-growth world,” Liveris said. “Dow’s cash flow is strong and we remain committed to our priorities of paying down debt, rewarding shareholders and funding prioritized, organic growth. With a dividend yield in excess of four percent, Dow is among the top in its peer group for shareholder remuneration.”
2012 Investor ForumDow’s 2012 Investor Forum was attended in-person by more than 125 investors and media, and was broadcast live over the Internet. A replay of the webcast will be available under the Investor Relations section of Dow’s website at www.dow.com. About Dow Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2011, Dow had annual sales of $60 billion and employed approximately 52,000 people worldwide. The Company's more than 5,000 products are manufactured at 197 sites in 36 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com. Note: The forward-looking statements contained in this document involve risks and uncertainties that may affect the Company’s operations, markets, products, services, prices and other factors as discussed in filings with the Securities and Exchange Commission. These risks and uncertainties include, but are not limited to, economic, competitive, legal, governmental and technological factors. Accordingly, there is no assurance that the Company’s expectations will be realized. The Company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws. (1) EBITDA is defined as earnings (i.e., “Net Income”) before interest, income taxes, depreciation and amortization. A reconciliation of EBITDA to "Net Income Available for The Dow Chemical Company Common Stockholders" is provided following the Operating Segments table. EBITDA margin is EBITDA as a percentage of reported sales.
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