Dow Q4 2022 GAAP EPS $0.85, operating EPS $0.46; net sales down 17% YoY to $11.9B

DOW INC.

2022-FY EPS reported $6.28 revenue$56,902,000,000

GAAP net income $647M vs $1.76B YoY; operating EBIT $601M vs $2.265B.
Packaging & Specialty Plastics Op. EBIT $655M (-$787M YoY); Industrial Intermediates & Infra $164M.
Cash from ops $2.1B; returned $620M to shareholders ($495M dividends, $125M buybacks).
Full-year 2022 net sales $56.9B vs $55B; GAAP net income $4.6B vs $6.4B in 2021.
Expects $1B in cost savings from actions on labor, purchased services, turnaround spending.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DOW INC. reported fourth quarter of 2022 results: revenue $11.9 billion, net income $647 million, EPS $0.85.

Period: fourth quarter of 2022
Revenue: $11.9 billion
Net income: $647 million
EPS: $0.85
Result: reported results

Exact text from the filing

in the quarter, totaling $0.39 per share, primarily due to the successful and final resolution and recognition of a long-running patent infringement award. • Net sales were $11.9 billion, down 17% versus the year-ago period and 16% sequentially, reflecting declines in all operating segments driven by slower GDP growth and customer destocking. • Local price

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

DOW INC. reported 2022 full year results: revenue $56.9 billion, net income $4.6 billion.

Period: 2022 full year
Revenue: $56.9 billion
Net income: $4.6 billion
Result: reported results

Exact text from the filing

The Company delivered 2022 full year net sales of $56.9 billion, versus $55 billion in 2021. GAAP net income was $4.6 billion, versus $6.4 billion in 2021.

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DOW INC. filing history →

Source: SEC EDGAR

accession 0001751788-23-000004

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