Dow Signs Deal with Energy Conscious - Analyst Blog
01 Maggio 2013 - 8:41PM
Zacks
Dow Building Solutions, a unit of The Dow Chemical
Company (DOW), has entered into a distribution agreement
with The Energy Conscious, a fast-growing e-marketplace for energy
efficient and sustainable products, to offer its wide range of
weatherization products to the latter’s DIY, trade professional and
reseller clients.
The formation of the partnership was based on the respective
strengths of both the companies. The Energy Conscious has thorough
knowledge and specific emphasis on energy efficient products while
Dow Building Solutions discerns significant energy-saving
opportunities through efficiency improvements in homes and
buildings.
Pursuant to the deal, a complete range of Dow products including
Froth Pak, Great Stuff, Weathermate, Enerfoam, Thermax and
Styrofoam will now be available to the clients through its first
authorized online distributer – The Energy Conscious.
Specifically for the deal, a Dow portal has been designed to
incorporate precise knowledge on energy saving ideas, action and
safety plans to weatherize homes, product comparison between
categories of products and against competition.
The portal will also offer live training sessions on
weatherization and the use of Dow Building Solutions products to
the DIY and trade professional for free.
Few days ago, Dow posted its first-quarter 2013 results The
company posted a profit of $550 million or 46 cents a share, a
roughly 33% rise from $412 million or 35 cents a share earned a
year ago. Profits soared on strength in the agriculture science
business, which witnessed record sales of seeds and crop protection
products. Dow also benefited from nearly $300 million decline in
raw material costs in the reported quarter.
Barring one-time items (including charges associated with tax
adjustments and loss on early extinguishment of debt), the company
earned 69 cents a share in the quarter, up from 61 cents a year
ago. That comfortably beat the Zacks Consensus Estimate of 60
cents.
Dow noted that it will focus on organically growing its
attractive businesses and driving earnings leveraging its feedstock
strength. The company will continue to pursue its cost reduction
and efficiency programs while reducing debt and maximizing
shareholder returns. However, Dow does not see a material
improvement in the macroeconomic environment this year.
Dow currently holds a Zacks Rank #3 (Hold)
Other companies in the chemical industry having favorable Zacks
Rank are Shin-Etsu Chemical Co., Ltd. (SHECY),
Celanese Corporation (CE) and Methanex
Corporation (MEOH). While Shin-Etsu Chemical retains a
Zacks Rank #1 (Strong Buy), Celanese and Methanex hold a Zacks Rank
#2 (Buy).
CELANESE CP-A (CE): Free Stock Analysis Report
DOW CHEMICAL (DOW): Free Stock Analysis Report
METHANEX CORP (MEOH): Free Stock Analysis Report
SHIN-ETSU CHEM (SHECY): Get Free Report
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