Dow Q2 2021 Earnings Report
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.
Dow
Dow
Dow Revenue by Segment
Dow 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