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Jun 30, 2021
Dow Q2 2021 Earnings Report
Dow's Q2 2021 results reflected strong demand and growth in sales and earnings.
Key Takeaways
Dow reported strong second-quarter results with significant growth in sales and earnings, driven by robust demand across all value chains and regions. The company reduced gross debt, advanced high-growth investments, and returned cash to shareholders.
GAAP earnings per share (EPS) was $2.51; Operating EPS was $2.72, compared to a loss per share of $0.26 in the year-ago period.
Net sales were $13.9 billion, up 66% versus the year-ago period.
Equity earnings were $278 million, up $373 million compared to the year-ago period.
Cash provided by operating activities was $2 billion, and free cash flow was $1.7 billion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Dow anticipates earnings momentum from consumer spending, international travel, and industrial production improvements as the economic recovery broadens.
Positive Outlook
- Earnings momentum expected from improvements in consumer spending.
- Anticipated benefits from the recovery of international travel.
- Growth driven by increased industrial production.
- Well-positioned to capture value with differentiated materials science portfolio.
- Participation in fast-growing end markets.
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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