Dow Q4 2024 Earnings Report
Key Takeaways
Dow reported Q4 2024 net sales of $10.4 billion, a 2% decrease year-over-year. The company experienced a GAAP net loss of $35 million, or $0.08 per share, while operating earnings per share were $0.00. Dow is implementing cost reduction measures and focusing on growth projects to navigate the economic downcycle.
Net sales decreased by 2% year-over-year to $10.4 billion, reflecting declines in Packaging & Specialty Plastics.
Volume increased 1% compared to the year-ago period, with gains in most regions.
GAAP net loss was $35 million, or $0.08 per share, impacted by restructuring and efficiency costs.
The company is implementing actions to reduce costs by $1 billion and CapEx plans by $300 - 500 million.
Dow
Dow
Dow Revenue by Segment
Dow Revenue by Geographic Location
Forward Guidance
Dow expects to benefit from growth projects and operational discipline in 2025, with potential demand growth in packaging, energy, and electronics. The company is implementing cost reductions of $1 billion and reducing 2025 CapEx plans by $300 - 500 million.
Positive Outlook
- Completion of near-term incremental growth projects.
- Enhanced focus on operational discipline in 2025.
- Potential demand growth in attractive end markets such as packaging.
- Potential demand growth in attractive end markets such as energy.
- Potential demand growth in attractive end markets such as electronics.
Challenges Ahead
- Persistently weak macroeconomic conditions.
- Need to deliver improved margins.
- Taking actions to reduce costs by $1 billion.
- Reducing 2025 CapEx plans by $300 - 500 million.
- Uncertainty regarding the timing of a true recovery.
Revenue & Expenses
Visualization of income flow from segment revenue to net income