earnings
confidence high
sentiment negative
materiality 0.80
Dow Q3 earnings tumble: GAAP EPS $1.02 (vs $2.23), Op. EPS $1.11 (vs $2.75); revenue down 5%
DOW INC.
2022-Q3 EPS reported
$5.41
revenue$45,043,000,000
- GAAP EPS $1.02, Operating EPS $1.11; prior-year GAAP EPS $2.23, Operating EPS $2.75.
- Net sales $14.1B, down 5% YoY and 10% sequentially; GAAP net income $760M, down from $1.706B.
- Operating EBIT $1.195B, down from $2.886B YoY; margin compression across segments, especially Industrial Intermediates & Infrastructure.
- Returned $1.3B to shareholders: $800M in buybacks and $493M in dividends.
- Outlook: targeting >$1B in cost savings in 2023 amid dynamic macro environment.