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 anticipates earnings momentum from consumer spending, international travel, and industrial production improvements as the economic recovery broadens.
Visualization of income flow from segment revenue to net income