Dow Corning Corp., equally owned by chemical products maker Dow Chemical Co. (DOW) and specialty glass maker Corning Inc. (GLW), Wednesday reported a first-quarter net income of $62.1 million, down from $70.5 million in the same quarter last year.
On an adjusted basis, earnings for the current quarter dropped to $66 million from $77 million in the year-ago period.
Net sales decreased 17 percent to $1.26 billion from $1.52 billion in the prior year-quarter. First-quarter core sales were $1.8 billion, similar to core sales in the first quarter last year. The company in a statement added that sales were down in both the silicones and polysilicon segments, with polysilicon segment sales realizing the largest reduction.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.