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Jun 30, 2024
Dow Q2 2024 Earnings Report
Dow's Q2 2024 earnings were reported, revealing a mix of sequential improvements and year-over-year declines.
Key Takeaways
Dow's Q2 2024 results showed sequential earnings improvement driven by gains in Performance Materials & Coatings and Packaging & Specialty Plastics, but were down year-over-year due to lower integrated margins and higher planned maintenance activity. Net sales were $10.9 billion, a 4% decrease compared to the year-ago period.
GAAP earnings per share was $0.62; operating earnings per share (EPS) was $0.68, compared to $0.75 in the year-ago period.
Net sales were $10.9 billion, down 4% versus the year-ago period but up 1% sequentially.
Volume increased 1% versus the year-ago period, with gains led by the U.S. & Canada.
Cash provided by operating activities was $832 million, down $515 million year-over-year but up $372 million compared to the prior quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Dow is focused on continuing to deliver sequential earnings improvements while navigating through the slower macro environment. Near-term demand in many markets is growing, but building & construction and consumer durables are unlikely to significantly change in 2024.
Positive Outlook
- Team Dow is focused on continuing to deliver sequential earnings improvements.
- Near-term demand in many markets that we serve is growing.
- Driving higher sales through our innovation portfolio and diverse product mix.
- Leveraging our global scale.
- Strategically advantaged cost positions.
Challenges Ahead
- Slower macro environment remains.
- Building & construction are unlikely to significantly change in 2024.
- Consumer durables are unlikely to significantly change in 2024.
- The pace of the global macroeconomic recovery has been slower than expected.
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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