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Dow Chemical’s 2Q nearly triples on Dow Corning restructuring, ‘disciplined actions’

HOUSTON, July 28, 2016 (PCW) –- Dow Chemical on Thursday reported second-quarter net income of $31.23 billion, a nearly threefold increase from $1.135 billion during the same time a year ago.

The company attributed the increase to gains related to the Dow Corning ownership restructuring and “ongoing disciplined actions to manage working capital,” the company said.

Last year, the company said it reduced headcount by 2,250 and this year that number is expected to come in at 2,500.

The earnings for individual segments is as follows:

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