Dow Q2 GAAP EPS $0.68, revenue $11.4B down 27% YoY; operating EPS $0.75

DOW INC.

2023-Q2 EPS reported $0.54 revenue$23,271,000,000

Net sales $11.4B, down 27% YoY; volume -8%, local price -18%.
Operating EBIT $885M vs $2.4B YoY; Packaging & Specialty Plastics fell 28%.
Equity losses $57M vs earnings $195M YoY, driven by Sadara and Kuwait JVs.
Cash from operations $1.3B, down $509M YoY; returned $743M to shareholders.
CEO expects challenging macro in H2; cost savings target $1B for 2023.

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 second quarter of 2023 results: revenue $11.4 billion, net income $501 million, EPS $0.68.

Period: second quarter of 2023
Revenue: $11.4 billion
Net income: $501 million
EPS: $0.68
Result: reported results

Exact text from the filing

• GAAP earnings per share was $0.68; operating earnings per share (EPS) 1 was $0.75, compared to $2.31 in the year-ago period and $0.58 in the prior quarter. Operating EPS excludes significant items in the quarter, totaling $0.07 per share, primarily related to costs associated with the Company’s 2023 Restructuring Program. • Net sales were $11.4 billion, down 27% versus the year-ago period.

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Source: SEC EDGAR

accession 0001751788-23-000125

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