earnings
confidence high
sentiment positive
materiality 0.80
Dow Q1 2022 EPS $2.34 (op.) beats $1.36 YoY; sales up 28% to $15.3B
DOW INC.
2022-Q1 EPS reported
$2.11
revenue$15,264,000,000
- GAAP EPS $2.11; Operating EPS $2.34 vs $1.36 YoY; net income $1.55B.
- Net sales $15.3B, up 28% YoY, driven by 28% price gain and 3% volume increase across all segments.
- Operating EBIT $2.4B, +$865M YoY; Performance Materials & Coatings EBIT surged to $595M from $62M.
- Cash from ops $1.6B; free cash flow $1.3B; returned $1.1B to shareholders ($600M buybacks, $513M dividends).
- Equity earnings $174M, down $50M YoY on Sadara maintenance; management cites strong demand and positive outlook.