Dow Inc. reports Q3 2023 GAAP EPS of $0.42, operating EPS of $0.48; net sales down 24% YoY

DOW INC.

2023-Q3 EPS reported $0.97 revenue$34,001,000,000

GAAP earnings per share was $0.42; operating EPS was $0.48, down from $1.11 a year ago.
Net sales of $10.7 billion, down 24% year-over-year, with declines in all segments due to slower global macroeconomic activity.
Operating EBIT was $626 million, down from $1.2 billion in the year-ago period.
Cash provided by operating activities was $1.7 billion, with cash flow conversion of 103% on a trailing 12-month basis.
Returns to shareholders totaled $617 million, including $492 million in dividends and $125 million in share repurchases.

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 1.0

DOW INC. reported third quarter of 2023 results: revenue $10,730 million, net income $327 million, EPS $0.42.

Period: third quarter of 2023
Revenue: $10,730 million
Net income: $327 million
EPS: $0.42
Result: reported results

Exact text from the filing

EPS excludes significant items in the quarter, totaling $0.06 per share, primarily related to costs associated with the Company’s 2023 Restructuring Program. • Net sales were $10.7 billion, down 24% versus the year-ago period, reflecting declines in all operating segments due to slower global macroeconomic activity. Sales were down 6% sequentially, as volume gains

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Source: SEC EDGAR

accession 0001751788-23-000137

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