Dow Corning Numbers Soar

The silione supplier cites strong gains across all its businesses.
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Silicone supplier

Dow Corning

posted a sharp rise in second-quarter earnings as sales surged 18% from a year ago.

The Midland, Mich., company made $154 million in the second quarter ended June 30, up from $36 million a year ago. Revenue jumped to $1 billion from $852 million a year earlier.

"Second-quarter sales and earnings reflected growth across the geographies and industries we serve," said Chief Financial Officer J. Donald Sheets. "Our high-performance specialty chemicals and focused services continue to meet the needs of our customers in industries such as life sciences, electronics, semiconductors and solar energy."

The company, equally owned by

Dow Chemical

(DOW) - Get Report

and

Corning

(GLW) - Get Report

, emerged from Chapter 11 protection in June 2004 following a three-year stint in bankruptcy as a result of silicone-gel breast implant lawsuits.