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Mar 31, 2022
Dow Q1 2022 Earnings Report
Dow's financial performance demonstrated growth, driven by price and volume gains across all segments and regions.
Key Takeaways
Dow reported strong first-quarter 2022 results, with net sales up 28% year-over-year and operating EPS significantly higher than the year-ago period. The company benefited from healthy end-market demand, disciplined execution, and its differentiated portfolio.
GAAP earnings per share (EPS) was $2.11; Operating EPS was $2.34, compared to $1.36 in the year-ago period.
Net sales were $15.3 billion, up 28% versus the year-ago period, reflecting gains in all operating segments, businesses and regions.
Local price increased 28% versus the year-ago period, with gains in all operating segments, businesses and regions.
Returns to shareholders totaled $1.1 billion in the quarter, comprised of $513 million in dividends and $600 million in share repurchases.
Dow
Dow
Dow Revenue by Segment
Dow Revenue by Geographic Location
Revenue by Segment
Packaging & Specialty Revenue
CapyFin.comIndustrial Intermediates Revenue
CapyFin.comPerformance Materials Revenue
CapyFin.comCorporate Revenue
CapyFin.comRevenue by Geographic Location
EMEAI Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comLatin America Revenue
CapyFin.com Forward Guidance
Dow anticipates strong demand across its end-markets, leveraging its global scale, cost-advantaged positions, and feedstock flexibility to navigate the dynamic geopolitical environment. The company is focused on decarbonization and expects to grow underlying earnings by more than $3 billion through sustainable innovations.
Positive Outlook
- Strong demand across end-markets
- Global scale and cost-advantaged positions
- Industry-leading feedstock and derivative flexibility
- Advancing strategy to decarbonize
- Increasing demand for low-carbon, sustainable and circular innovations
Challenges Ahead
- Dynamic geopolitical environment
- Higher energy costs
- Impacts from planned maintenance activity at Sadara
- Lower polyethylene and MEG margins in Asia Pacific
- Rising raw materials
Revenue & Expenses
Visualization of income flow from segment revenue to net income