Dow corrects free cash flow from $1.5M to $1.5B; Q4 EPS $0.85 vs $2.32 YoY

DOW INC.

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

Correction: Free cash flow originally reported as $1.5 million, corrected to $1.5 billion.
GAAP EPS $0.85 ($0.46 operating EPS), down from $2.32 YoY; net income $647M.
Net sales $11.9B, down 17% YoY; operating EBIT $601M vs $2.265B YoY.
Cash from ops $2.078B; free cash flow $1.5B. Returned $620M to shareholders in Q4.
Segment Op. EBIT: Packaging & Specialty Plastics $655M, Industrial Intermediates $164M, Performance Materials & Coatings -$130M.

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 2022 results: revenue $11.9 billion, net income $647 million, EPS $0.85.

Period: fourth quarter 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 0.9

DOW INC. reported fiscal year ended December 31, 2022 results: revenue $56.9 billion, net income $4.6 billion.

Period: fiscal year ended December 31, 2022
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 0001751788-23-000008

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