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NASDAQ, Dow Jones and S&P 500 Forecast – US Indices Look to Continues Higher on Friday
FX Empire· 2024-10-25 12:55
Core Viewpoint - The article emphasizes the importance of conducting thorough due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments in complex instruments like cryptocurrencies and CFDs [1]. Group 1 - The content includes general news and publications, personal analysis, and opinions intended for educational and research purposes [1]. - It highlights that the information provided is not necessarily real-time or accurate, and prices may be sourced from market makers rather than exchanges [1]. - The article warns that trading decisions should be made at the individual's full responsibility, and reliance on the information provided is discouraged [1]. Group 2 - The article discusses the high risk associated with cryptocurrencies and CFDs, describing them as complex instruments that can lead to significant financial losses [1]. - It encourages individuals to perform their own research before making investment decisions and to avoid investing in financial instruments that they do not fully understand [1].
Dow(DOW) - 2024 Q3 - Quarterly Report
2024-10-25 11:52
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to__________ 001-38646 Dow Inc. 2211 H.H. Dow Way, Midland, MI 48674 (989) 636-1000 001-03433 The Dow Chemical Company Delaware 38-128512 ...
陶氏:营业收入稳定,但净利润未达预期;第四季度指引略弱
海通国际· 2024-10-25 09:12
Investment Rating - The report does not explicitly state an investment rating for Dow Chemical, but it indicates a slight negative market reaction to the company's third-quarter performance, suggesting a cautious outlook [1]. Core Insights - Dow Chemical reported adjusted net income of $240 million for the third quarter, which was below market expectations of $325 million, despite net sales exceeding guidance at $10.649 billion [1][2]. - The company anticipates fourth-quarter net sales to be around $10.7 billion, slightly below market expectations of $10.8 billion [1]. - The performance of the high-performance materials and coatings segment was below expectations, with revenues declining by 22% year-over-year [1]. - The industrial intermediates and infrastructure segment reported a significant decline in operating income, down 352% year-over-year, attributed to lower profit margins and increased maintenance activities [1]. - The packaging and specialty plastics segment performed well, with revenues increasing by 30% year-over-year, although a slight decline is expected in the fourth quarter [1]. Summary by Segment Overall Performance - Adjusted net income for Q3 was $240 million, down from $482 million in Q2, and below the expected $325 million [1][2]. - Net sales for Q3 were $10.649 billion, exceeding the guidance of $10.6 billion [1]. High-Performance Materials and Coatings - Revenue for this segment was $2130 million, a year-over-year decrease of 22% [2]. - Operating income fell to $179 million, reflecting a margin of 8% [2]. Industrial Intermediates and Infrastructure - Revenue was $3035 million, with operating income dropping to $21 million, resulting in a margin of 1% [2]. - The segment experienced a significant year-over-year decline in operating income of 352% [1][2]. Packaging and Specialty Plastics - Revenue reached $5454 million, a 30% increase year-over-year, although a quarterly decline of 12% was noted [2]. - Operating income was $476 million, with a margin of 9% [2]. Corporate - Corporate revenue was $111 million, with an operating loss of $50 million [2].
Here's What Key Metrics Tell Us About Dow Inc. (DOW) Q3 Earnings
ZACKS· 2024-10-24 15:35
Dow Inc. (DOW) reported $10.88 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 1.4%. EPS of $0.47 for the same period compares to $0.48 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $10.73 billion, representing a surprise of +1.43%. The company delivered an EPS surprise of +2.17%, with the consensus EPS estimate being $0.46.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...
Dow(DOW) - 2024 Q3 - Earnings Call Transcript
2024-10-24 15:16
Financial Data and Key Metrics Changes - Net sales in Q3 were $10.9 billion, up 1% year-over-year, driven by higher demand and local prices in the U.S. and Canada [5] - Operating EBIT was $641 million, an increase of $15 million year-over-year, reflecting higher integrated margins in Packaging and Specialty Plastics [5] - Cash flow from continuing operations was $800 million, down year-over-year due to higher inventories [5][6] Business Segment Performance Changes - In the Packaging and Specialty Plastics segment, local price increased year-over-year, with operating EBIT rising to $618 million, up $142 million year-over-year [7] - The Industrial Intermediates and Infrastructure segment saw local prices flat year-over-year, with volume down 2% and operating EBIT decreasing by $74 million [8] - Performance Materials and Coatings segment experienced a decline in local prices year-over-year, with volume up 5%, but operating EBIT was down $39 million [8] Market Data and Key Metrics Changes - Demand in North America remains resilient, while Europe and China are experiencing soft demand [13][14] - Eurozone construction PMI remained soft, and new home prices in China declined year-over-year for the 15th consecutive month [14] - Consumer spending has slowed globally, with consumer confidence weakening in the U.S. and remaining negative in Europe and China [15] Company Strategy and Development Direction - The company is focusing on a strategic asset review, particularly in Europe, to enhance competitiveness and long-term value creation [11][22] - Growth investments are concentrated in higher value businesses and regions, with a commitment to operating with a best owner mindset [9][10] - The Path2Zero project in Fort Saskatchewan is progressing, with major foundation work underway [20] Management's Comments on Operating Environment and Future Outlook - Management noted muted demand across end-markets, particularly in Europe and China, but is monitoring potential positive momentum from economic stimulus [13][14] - The company expects fourth quarter earnings to be approximately $1.3 billion, up year-over-year but lower quarter-over-quarter due to seasonality [15] - Management remains confident in the long-term growth strategy, anticipating over $3 billion in additional annual earnings growth by 2030 [22] Other Important Information - Shareholder remuneration for the quarter was $584 million, including dividends and share repurchases [6] - The company completed the acquisition of Circulus, adding 50,000 metric tons of recycled materials capacity annually [6] Q&A Session Summary Question: Outlook for Packaging & Specialty Plastics pricing - Management expects flat pricing for the fourth quarter, with potential increases in October and November [25] Question: Review of European assets and polyurethane market outlook - Management anticipates a recovery in construction and durables markets driving polyurethane demand, despite current destocking [27][28] Question: EBITDA expectations for P&SP into 2025 - Management projects continued volume growth and expects about $1 billion higher EBITDA, driven by various growth investments [31] Question: European assets under review and their EBITDA status - European assets are EBITDA positive, and management is exploring all value-creating opportunities [39][40] Question: Impact of tariffs on Dow's operations - Management believes tariffs may not significantly impact the company due to strong competitive advantages in the U.S. Gulf Coast [36] Question: Financial outlook and cash flow for 2025 - Management expects stable cash conversion rates and continued commitment to unique cash levers, supporting cash uses for 2025 [68]
Dow's Q3 Earnings and Revenues Top Estimates on Higher Volumes
ZACKS· 2024-10-24 13:46
Dow Inc. (DOW) logged profits (on a reported basis) of $214 million or 30 cents per share in third-quarter 2024, down from a profit of $302 million or 42 cents per share a year ago.Barring one-time items, adjusted earnings were 47 cents per share for the reported quarter, down from 48 cents a year ago. The figure beat the Zacks Consensus Estimate of 46 cents.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Dow recorded net sales of $10,879 million for the quarter, up 1% year over year. ...
Dow(DOW) - 2024 Q3 - Earnings Call Presentation
2024-10-24 12:28
3Q 2024 RESULTS October 24, 2024 AGENDA ▪ QUARTERLY RESULTS ▪ OPERATING SEGMENT PERFORMANCE ▪ OPTIMIZING OUR GLOBAL FOOTPRINT ▪ OUTLOOK ▪ ADVANCING OUR LONG-TERM STRATEGY 2 3Q 2024 PERFORMANCE OVERVIEW | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------| | | | | Delivered 4 th Consecutive Quarter of YoY Volume Growth | | | ▪ Net sales of $10.9B, up 1% YoY and flat QoQ | ...
Dow Inc. (DOW) Q3 Earnings and Revenues Surpass Estimates
ZACKS· 2024-10-24 12:05
Dow Inc. (DOW) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.17%. A quarter ago, it was expected that this materials science would post earnings of $0.72 per share when it actually produced earnings of $0.68, delivering a surprise of -5.56%.Over the last four quarters, the company ...
Dow(DOW) - 2024 Q3 - Quarterly Results
2024-10-24 10:59
Exhibit 99.1 October 24, 2024 Seek Together Dow reports third quarter 2024 results FINANCIAL HIGHLIGHTS 1 • GAAP earnings per share was $0.30; operating earnings per share (EPS) was $0.47, compared to $0.48 in the yearago period and $0.68 in the prior quarter. Op. EPS excludes significant items totaling $0.17 per share, including restructuring and efficiency costs and charges related to a previously divested business. • Net sales were $10.9 billion, up 1% compared to the year-ago period, led by higher sales ...
Dow reports third quarter 2024 results
Prnewswire· 2024-10-24 10:00
MIDLAND, Mich., Oct. 24, 2024 /PRNewswire/ -- Dow (NYSE: DOW):FINANCIAL HIGHLIGHTSGAAP earnings per share was $0.30; operating earnings per share (EPS)1 was $0.47, compared to $0.48 in the year-ago period and $0.68 in the prior quarter. Op. EPS excludes significant items totaling $0.17 per share, including restructuring and efficiency costs and charges related to a previously divested business.Net sales were $10.9 billion, up 1% compared to the year-ago period, led by higher sales in the U.S. & Canada. Sale ...