---
schema_version: "secwatch.filing_event.v1"
accession: "0001751788-23-000113"
form_type: "8-K"
ticker: "DOW"
cik: "0001751788"
company_name: "DOW INC."
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T16:34:04.396685+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Dow Q1 net loss $73M; operating EPS $0.58 vs $2.34 YoY; sales down 22%

## Summary
- GAAP loss per share $0.13; operating EPS $0.58, down from $2.34 YoY.
- Net sales $11.9B, down 22% YoY; volume -11%, price -10%.
- Operating EBIT $708M vs $2.419B YoY; operating EBITDA $1.356B vs $3.171B.
- Equity losses $48M vs earnings $174M YoY, driven by joint venture declines.
- Cash from ops $531M; returned $621M to shareholders ($496M dividends, $125M buybacks).

## SEC filing metadata
- accession: 0001751788-23-000113
- form_type: 8-K
- ticker: DOW
- cik: 0001751788
- company_name: DOW INC.
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1751788/000175178823000113/0001751788-23-000113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1751788/000175178823000113/dow-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001751788-23-000113
- JSON: https://secwatch.observer/filing/0001751788-23-000113.json
- Plain text: https://secwatch.observer/filing/0001751788-23-000113.txt

## Key facts
- Earnings Releases
  DOW INC. reported first quarter of 2023 results: revenue $11.9 billion, net income $73 million, EPS $0.13.
  - Period: first quarter of 2023
  - Revenue: $11.9 billion
  - Net income: $73 million
  - EPS: $0.13
  - Result: reported results
  source text: April 25, 2023 Dow reports first quarter 2023 results FINANCIAL HIGHLIGHTS • GAAP loss per share was $0.13; operating earnings per share (EPS) 1 was $0.58, compared to $2.34 in the year-ago period and $0.46 in the prior quarter. Operating EPS excludes significant items in the quarter, totaling $0.71 per share, primarily due to restructuring costs and a litigation matter. • Net sales were $11.9 billion, down 22% versus the year-ago period, reflecting declines in all operating segments driven by slower global macroeconomic activity. Sales were flat sequentially, as gains in Performance Materials & Coatings and Packaging & Specialty Plastics offset declines in Industrial Intermediates & Infrastructure. • Volume decreased 11% versus the year-ago period, led by a 15% decline in Europe, the Middle East, Africa, and India (EMEAI). Sequentially, volume increased by 2%, due to gains in Performance Materials & Coatings and Packaging & Specialty Plastics. • Local price declined 10% versus the yea
  evidence_url: https://www.sec.gov/Archives/edgar/data/1751788/000175178823000113/0001751788-23-000113-index.htm

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