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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.
Dow
Dow
Dow Revenue by Segment
Dow Revenue by Geographic Location
Revenue by Segment
Packaging & Specialty Revenue
CapyFin.comIndustrial Intermediates Revenue
CapyFin.comPerformance Materials Revenue
CapyFin.comCorporate Revenue
CapyFin.comRevenue by Geographic Location
EMEAI Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comLatin America Revenue
CapyFin.com 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.
- Declines in olefin and aromatic merchant sales and lower polyethylene prices primarily in EMEAI.
Revenue & Expenses
Visualization of income flow from segment revenue to net income