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1ST QTR: DOW AGROSCIENCES' SALES UP 1%, NET INCOME UP 9%
Source: Dow Chemical news release

To view the complete report, click here.

Agricultural Sciences achieved record first quarter sales of $2.1 billion, up 1 percent versus the year-ago period.

Crop Protection sales rose 4 percent due primarily to higher sales of herbicides in EMEA, as favorable weather conditions led to an early start to the European cereal herbicide season.

Increased sales of insecticides in Latin America also contributed to growth in Crop Protection. Sales of new crop protection products grew 28 percent, led by pyroxsulam herbicide.

Seeds sales were down 7 percent in the quarter. Lower planted acreage of corn and sunflowers led to reduced sales in Latin America, while the late start to the season in North America contributed to lower sales of corn and canola.

Agricultural Sciences delivered record EBITDA of $529 million, up 9 percent from $484 million in the year-ago period. Increased volume and lower operating expenses drove segment margin expansion of nearly 200 basis points over the same quarter last year.


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