earnings
confidence high
sentiment negative
materiality 0.85
Dow Q4 net sales $10.4B, GAAP loss $0.08/sh; announces $1B cost cuts, $3B asset sale
DOW INC.
2024-FY EPS reported
$1.57
revenue$42,964,000,000
- Net sales $10.4B (-2% YoY); GAAP net loss $35M (-$0.08/sh); operating EPS $0.00 vs $0.43 prior year.
- Op. EBIT $454M, down $105M YoY; cash from ops $811M, down $817M YoY.
- Packaging & Specialty Plastics Op. EBIT $447M (-$217M YoY); Industrial Intermediates & Infrastructure Op. EBIT $84M (+$69M).
- CEO targets $1B cost reductions in 2025; CapEx reduced by $300-500M; signed $3B minority stake sale of Gulf Coast assets.
- Full-year 2024: net sales $43.0B, GAAP net income $1.2B, returns to shareholders $2.5B ($2B dividends, $0.5B buybacks).