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By Dave Sebastian Dow Inc. said its profit for the first quarter rose, driven by local price gains across all operating segments. The Midland, Mich.-based materials company on Thursday posted a net income attributable to shareholders of $991 million, compared with $239 million in the comparable quarter last year. Earnings were $1.32 a share, compared with 32 cents a share in the prior year. Adjusted earnings were $1.36 a share. Analysts polled by FactSet were expecting $1.09 a share. Net sales were $11.88 billion, up from $9.77 billion in the same period last year. Analysts were looking for $11.09 billion. Local prices rose 19% from the year-ago period, the company said. Supply constraints in the company s industrial intermediates and infrastructure and performance materials and coatings segments offset demand growth in the packaging and specialty plastics segment due to the winter storm earlier this year, Dow said.
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