Dow Inc.
Dow Inc. Announces First Quarter 2024 Financial Results
Summary
Dow Inc. reported its first quarter 2024 financial results, showing GAAP earnings per share of $0.73, down from $0.88 in the previous quarter. Operating earnings per share were $0.56, compared to $0.43 in the prior quarter. Net sales decreased by 9% year-over-year to $10.8 billion, with sequential growth of 1%. Volume increased by 1% year-over-year and 1% sequentially. Local price decreased 10% year-over-year and was flat sequentially. Free cash flow was $460 million, down from $531 million in the previous quarter. Dow Inc. returned $693 million to shareholders through dividends and share repurchases.
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About Dow Inc.
Dow Inc. is a leading player in the global chemical manufacturing sector, known for its integrated, market-driven portfolio that delivers a broad range of differentiated science-based products and solutions. Its primary function is to provide materials critical for a multitude of industries, including packaging, infrastructure, consumer care, and electronics. With a robust presence in over 160 countries, Dow leverages its advanced production techniques and research and development capabilities to produce a diverse array of innovative materials, from performance plastics and coatings to silicones and other specialty chemicals. Dow's extensive product offerings cater to various industries by addressing essential needs such as durability, sustainability, and performance enhancement. The company boasts a commitment to sustainability, striving to reduce its environmental footprint while enabling its clients to achieve their sustainability goals. Established as a core pillar in the chemical industry, Dow Inc. plays a vital role in fostering industrial growth and facilitating advancements in technology and efficiency across multiple sectors.
Official SEC Documents
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