Dow Inc

Latest Results (17.12.2024):

Revenue Growth

In the third quarter of 2024, Dow Inc. reported net sales of $10.9 billion, marking a 1% increase compared to the same period in the previous year. This growth was primarily driven by higher sales in the U.S. and Canada. However, sales remained flat sequentially from the previous quarter.

Earnings Per Share

Dow Inc.'s GAAP earnings per share for the third quarter of 2024 were $0.30, while operating earnings per share were $0.47. This represents a slight decrease from $0.48 in the year-ago period and a more significant drop from $0.68 in the prior quarter. The operating EPS excludes significant items totaling $0.17 per share.

Net Income and EBIT

The company reported a GAAP net income of $240 million for the third quarter of 2024. Operating EBIT was $641 million, which is an increase of $15 million year-over-year. This improvement was mainly due to higher integrated margins in the Packaging & Specialty Plastics segment, despite challenges such as an unplanned cracker outage in Texas.

Cash Flow and Shareholder Returns

Cash provided by operating activities from continuing operations was $800 million, a decrease of $858 million compared to the previous year. This decline was attributed to higher inventory levels to support sales growth and supply chain disruptions. Dow Inc. returned $584 million to shareholders during the quarter, including $490 million in dividends and $94 million in share repurchases.

Segment Performance

In the third quarter of 2024, the Packaging & Specialty Plastics segment reported net sales of $5.5 billion, a 1% increase from the previous year. The Industrial Intermediates & Infrastructure segment saw a 2% decline in net sales, while the Performance Materials & Coatings segment experienced a 4% increase in net sales compared to the year-ago period.