earnings
confidence high
sentiment negative
materiality 0.70
Dow Q3: GAAP EPS $0.30, op. EPS $0.47; cash flow down $858M; reviews European assets
DOW INC.
2024-Q3 EPS reported
$1.65
revenue$32,559,000,000
- GAAP net income $240M ($0.30 EPS); operating EPS $0.47 vs $0.48 YoY and $0.68 prior quarter.
- Net sales $10.9B (+1% YoY); volume +1%, local price flat; cash from ops $800M, down $858M YoY.
- Packaging & Specialty Plastics Op. EBIT $618M (+$142M YoY); Industrial Intermediates Op. EBIT -$53M; Performance Materials & Coatings Op. EBIT $140M (-$39M).
- Announces strategic review of select European assets, primarily Polyurethanes, to optimize global footprint.
- Returned $584M to shareholders ($490M dividends, $94M buybacks); reaffirms $3B earnings target by 2030.