Dow Building Solutions, a unit of
The Dow Chemical Company
), 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
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
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
Dow currently holds a Zacks Rank #3 (Hold)
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Other companies in the chemical industry having favorable Zacks
Shin-Etsu Chemical Co., Ltd.
). While Shin-Etsu Chemical retains a Zacks Rank #1 (Strong Buy),
Celanese and Methanex hold a Zacks Rank #2 (Buy).