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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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