earnings
confidence high
sentiment negative
materiality 0.70
Dow Q2 GAAP EPS $0.62, operating EPS $0.68; net sales $10.9B down 4% YoY
DOW INC.
2024-Q2 EPS reported
$1.35
revenue$21,680,000,000
- GAAP EPS $0.62; operating EPS $0.68, down from $0.75 YoY; operating EBIT $819M (-$66M YoY).
- Net sales $10.9B (-4% YoY); volume +1% YoY, price -4% YoY; sequential sales +1%.
- Packaging & Specialty Plastics Op. EBIT $703M (-$215M YoY); Performance Materials & Coatings Op. EBIT $146M (+$80M YoY).
- Cash from ops $832M; returned $691M to shareholders ($491M dividends, $200M buybacks).
- CEO: slower macro recovery, focus on costs and cash; building & construction unlikely to change significantly in 2024.