Fri May 5, 2006 8:44 AM ET
NEW YORK, May 5 (Reuters) – Dow Corning Corp. said on Friday consolidated adjusted net income rose 1 percent to $134.3 million in the first quarter of 2006, while sales rose 5 percent to $1.027 billion.
Adjusted net income for both the first quarter of this year and 2005 excludes items related to Chapter 11, from which it emerged on June 1, 2004. Including items, Dow Corning said it earned $138.0 million for the first quarter of 2006.
Dow Corning is an equally owned venture of Dow Chemical Co. (DOW.N: Quote, Profile, Research) and Corning Inc. (GLW.N: Quote, Profile, Research).