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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.
Revenue by Segment
Revenue by Geographic Location
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
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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