MIDLAND, MI -- Dow Chemical's Electronic and Functional Materials business unit reported flat sales of $1.2 billion for the second quarter. Demand rose 2%, but was offset by equivalent price declines.

In Dow Electronic Materials, strong growth in films and OLED drove higher sales in Display Technologies. Overall, Dow Electronic Materials sales were flat, with Semiconductor Technologies experiencing softer demand in the quarter. Functional Materials' sales were flat.

Equity earnings for the segment were $28 million, down from $35 million last year, driven primarily by Dow Corning. EBITDA for the segment was $254 million, down $33 million from the year-ago period.

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