---
schema_version: "secwatch.filing_event.v1"
accession: "0001751788-23-000125"
form_type: "8-K"
ticker: "DOW"
cik: "0001751788"
company_name: "DOW INC."
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:14:33.874795+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001751788-23-000125
- form_type: 8-K
- ticker: DOW
- cik: 0001751788
- company_name: DOW INC.
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1751788/000175178823000125/0001751788-23-000125-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1751788/000175178823000125/dow-20230725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001751788-23-000125
- JSON: https://secwatch.observer/filing/0001751788-23-000125.json
- Plain text: https://secwatch.observer/filing/0001751788-23-000125.txt

## Key facts
- Earnings Releases
  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
  source text: • 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1751788/000175178823000125/0001751788-23-000125-index.htm

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