Dow Q3 2020 Earnings Report
Key Takeaways
Dow reported Q3 2020 results with net sales of $9.7 billion, a decrease of 10% year-over-year, but a 16% increase sequentially. The company reported a GAAP loss per share of $0.04, but an operating EPS of $0.50. Dow achieved a net debt improvement of more than $1.8 billion year-to-date and completed the divestiture of its North American rail infrastructure assets.
Net sales were $9.7 billion, down 10% year-over-year, but up 16% sequentially.
GAAP loss per share was $0.04; Operating EPS was $0.50.
Free cash flow was $1.5 billion, up $156 million year-over-year.
The company achieved a net debt improvement of more than $1.8 billion year-to-date.
Dow
Dow
Dow Revenue by Segment
Dow Revenue by Geographic Location
Forward Guidance
Dow enters the fourth quarter with sequential momentum and a consistent focus on cash.
Positive Outlook
- Sequential momentum entering the fourth quarter.
- Improved financial flexibility.
- Consistent focus on cash generation.
- Proactive and agile approach to evolving market conditions.
- Fundamental competitive advantages of industry-leading feedstock flexibility.
Challenges Ahead
- The recovery has been uneven across markets.
- Expectation of continued uneven recovery in the near term.
- Impact of the COVID-19 pandemic.
- Multiple natural disasters.
- Uncertainty in global economic conditions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income