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Sep 30, 2024
Dow Q3 2024 Earnings Report
Dow's financial performance reflected resilience amidst macroeconomic challenges and strategic cost management.
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
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 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