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Sep 30, 2023
Dow Q3 2023 Earnings Report
Dow's Q3 2023 results were reported, demonstrating resilience in a challenging macro environment through cost reduction and cash generation initiatives.
Key Takeaways
Dow's Q3 2023 net sales reached $10.7 billion, a 24% decrease compared to the previous year, while GAAP earnings per share stood at $0.42. The company focused on cost savings and cash flow management, achieving $1.7 billion in operating cash flow and returning $617 million to shareholders.
GAAP earnings per share was $0.42; operating earnings per share (EPS) was $0.48.
Net sales were $10.7 billion, down 24% versus the year-ago period.
Cash provided by operating activities – continuing operations was $1.7 billion.
Returns to shareholders totaled $617 million in the quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Dow anticipates benefiting from rising oil prices due to its cost-advantaged asset footprint, while maintaining focus on operational and financial discipline.
Positive Outlook
- Rising oil prices are expected to benefit Dow's cost-advantaged asset footprint.
- Continued focus on operational and financial discipline.
- Decarbonize and Grow and Transform the Waste strategies are expected to deliver more than $3 billion in underlying earnings by 2030.
- Reduce greenhouse gas emissions by 5 million metric tons.
- Commercialize 3 million metric tons of circular and renewable solutions annually by 2030.
Challenges Ahead
- Challenging market dynamics.
- Slower global macroeconomic activity.
- Lower local prices in all operating segments and regions.
- Lower feedstock and energy costs.
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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