Dow Inc. Reports 4% Decline in Net Sales

By Bobby Samwell • Friday, July 26 15:23 • Permanent Link

Dow Inc. has recently released its 10-Q report, offering a comprehensive insight into the company's financial performance and operations. Dow, a materials science solutions provider, operates through Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings segments. The company reported net sales of $10.9 billion in the second quarter of 2024, down 4 percent from the same period in 2023, with decreases across all geographic regions and mixed by operating segment. Despite the challenges, Dow remains focused on delivering sequential earnings improvements and driving higher sales through its innovation portfolio and diverse product mix.

In the second quarter of 2024, Dow reported a net income available for Dow Inc. and TDCC common stockholders of $439 million and $441 million, respectively, compared with $485 million and $487 million, respectively, in the second quarter of 2023. Earnings per share for Dow Inc. was $0.62 in the second quarter of 2024, compared with $0.68 per share in the second quarter of 2023. The company's cash provided by operating activities from continuing operations was $832 million in the second quarter of 2024, down $515 million compared with the second quarter of 2023.

The report also highlighted specific events, such as the announcement of the sale of its flexible packaging laminating adhesives business, the expansion of its climate change mitigation targets, and the agreement to acquire Circulus Holdings, PBLLC, a U.S. company that recycles plastic waste into post-consumer resin. Additionally, the report provided a detailed breakdown of net sales, cost of sales, research and development expenses, selling, general and administrative expenses, amortization of intangibles, equity in earnings of nonconsolidated affiliates, sundry income (expense) – net, interest expense and amortization of debt discount, and provision for income taxes. Today the company's shares have moved -0.1% to a price of $52.81. For the full picture, make sure to review Dow's 10-Q report.

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