---
schema_version: "secwatch.filing_event.v1"
accession: "0001751788-23-000008"
form_type: "8-K/A"
ticker: "DOW"
cik: "0001751788"
company_name: "DOW INC."
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:21:54.362704+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001751788-23-000008
- form_type: 8-K/A
- ticker: DOW
- cik: 0001751788
- company_name: DOW INC.
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1751788/000175178823000008/0001751788-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1751788/000175178823000008/dow-20230126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001751788-23-000008
- JSON: https://secwatch.observer/filing/0001751788-23-000008.json
- Plain text: https://secwatch.observer/filing/0001751788-23-000008.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1751788/000175178823000008/0001751788-23-000008-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1751788/000175178823000008/0001751788-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.