Dow Q4 2023: GAAP loss $0.15/shr, op. EPS $0.43, revenue -10% YoY

DOW INC.

2023-FY EPS reported $0.82 revenue$44,622,000,000

GAAP loss per share of $0.15; operating EPS of $0.43 vs $0.46 YoY.
Net sales $10.6 billion, down 10% YoY due to slower global macroeconomic activity.
Operating EBIT $559 million, down $42M YoY; Packaging & Specialty Plastics EBIT rose to $664M.
Full year 2023 net sales $44.6B vs $56.9B in 2022; GAAP net income $660M vs $4.6B.
Returns to shareholders totaled $616M in Q4, including $491M dividends and $125M buybacks.

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 0.95

DOW INC. reported fourth quarter of 2023 results: revenue $10.6 billion, net income GAAP net loss was $95 million, EPS GAAP loss per share was $0.15; operating earnings per share (EPS) 1 was $0.43.

Period: fourth quarter of 2023
Revenue: $10.6 billion
Net income: GAAP net loss was $95 million
EPS: GAAP loss per share was $0.15; operating earnings per share (EPS) 1 was $0.43
Result: reported results

Exact text from the filing

significant items in the quarter, totaling $0.58 per share, primarily from a one-time non-cash settlement charge aligned to our pension de-risking plans. • Net sales were $10.6 billion, down 10% versus the year-ago period, reflecting declines in all operating segments due to slower global macroeconomic activity. Sales were down 1% sequentially, as price and

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Source: SEC EDGAR

accession 0001751788-24-000003

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