Dow Q3 2024 Earnings Report
Key Takeaways
Dow reported a 1% increase in net sales year-over-year, reaching $10.9 billion, driven by growth in the U.S. & Canada. Operating EPS was $0.47, slightly below the previous year's $0.48. The company managed an unplanned cracker outage in Texas and optimized its global asset footprint, while focusing on high-return investments.
Net sales increased by 1% year-over-year to $10.9 billion, driven by higher sales in the U.S. & Canada.
Operating EPS was $0.47, compared to $0.48 in the year-ago period, excluding significant items of $0.17 per share.
Volume increased 1% year-over-year, led by gains in Performance Materials & Coatings.
Returns to shareholders totaled $584 million, including $490 million in dividends and $94 million in share repurchases.
Dow
Dow
Dow Revenue by Segment
Dow Revenue by Geographic Location
Forward Guidance
Dow is focused on capitalizing on demand strengths, leveraging global scale and advantaged cost positions, and investing in higher-value businesses and regions to drive long-term shareholder value.
Positive Outlook
- Capitalizing on areas of demand strength
- Leveraging global scale
- Advantaged cost positions
- Enabling higher returns to shareholders as cycle dynamics improve
- Counter-cyclical growth investments in higher-value businesses and regions
Challenges Ahead
- Ongoing macroeconomic softness
- Unplanned cracker outage in Texas
- Meaningful recovery has yet to materialize in Europe and China
- Europe’s regulatory environment leading to increasing challenges
- Strategic review of select assets in Europe, primarily in Polyurethanes business
Revenue & Expenses
Visualization of income flow from segment revenue to net income