Financial Performance - Dow Inc. reported break-even quarterly earnings per share, missing the Zacks Consensus Estimate of $0.23, and down from $0.43 per share a year ago, representing an earnings surprise of -100% [1] - The company posted revenues of $10.41 billion for the quarter ended December 2024, missing the Zacks Consensus Estimate by 0.22%, and down from $10.62 billion year-over-year [2] - Over the last four quarters, Dow Inc. has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Market Performance - Dow Inc. shares have added about 2.3% since the beginning of the year, compared to the S&P 500's gain of 2.7% [3] - The current consensus EPS estimate for the coming quarter is $0.53 on revenues of $10.89 billion, and for the current fiscal year, it is $2.66 on revenues of $44.34 billion [7] Industry Outlook - The Zacks Chemical - Diversified industry, to which Dow Inc. belongs, is currently in the bottom 8% of over 250 Zacks industries, indicating a challenging environment [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Dow Inc.'s stock performance [5][6]

Financial Performance - Net sales for Q4 2024 were $10.4 billion, down 2% year-over-year and down 4% sequentially[3] - GAAP net loss was $35 million, or $0.08 per share, with operating earnings per share at $0.00[3] - Operating EBIT was $454 million, a decrease of $105 million year-over-year and down $187 million sequentially[3] - Full year 2024 net sales totaled $43.0 billion, compared to $44.6 billion in 2023, with GAAP net income increasing to $1.2 billion from $660 million[3] - Net income available for Dow Inc. common stockholders was a loss of $53 million in Q4 2024, compared to a loss of $105 million in Q4 2023[34] - Net income for 2024 was $1,201 million, a significant increase from $660 million in 2023, representing an 82% growth[39] - Total net sales for 2024 were $42,964 million, down 4% from $44,622 million in 2023[41] - For the three months ended Dec 31, 2024, reported net income was $(53) million, with an EPS of $(0.08) after significant items totaling $(76) million[45] - For the twelve months ended Dec 31, 2024, reported net income was $1,116 million, with an EPS of $1.57, while operating results (non-GAAP) showed net income of $1,212 million and an EPS of $1.71[51] Cash Flow and Operating Activities - Cash provided by operating activities was $811 million, down $817 million year-over-year but up $11 million sequentially[3] - Cash provided by operating activities for continuing operations was $2,903 million in 2024, down from $5,164 million in 2023, a decrease of 43.7%[39] - Free Cash Flow for the year ended December 31, 2024, was not explicitly stated but is a key financial measure for funding obligations and returns to shareholders[31] - Free cash flow for the three months ended Dec 31, 2024, was $44 million, a significant decrease from $870 million in the same period of 2023[60] - Total cash used for financing activities decreased to $1,168 million in 2024 from $3,115 million in 2023, a reduction of 62.5%[39] - The company reported a cash flow conversion rate of 67.3% for the three months ended Dec 31, 2024[60] Segment Performance - The Packaging & Specialty Plastics segment reported net sales of $5.3 billion, down 6% year-over-year[6] - The Industrial Intermediates & Infrastructure segment had flat net sales of $2.9 billion year-over-year, with operating EBIT increasing by $69 million[11] - Performance Materials & Coatings segment net sales increased by 4% year-over-year to $2 billion, with operating EBIT improving by $52 million[16] - Operating EBIT for the Packaging & Specialty Plastics segment decreased to $447 million in Q4 2024 from $664 million in Q4 2023, a decline of 32.7%[43] - The Performance Materials & Coatings segment reported an operating EBIT of $(9) million in Q4 2024, compared to $(61) million in Q4 2023, showing improvement[43] - The corporate segment's operating EBIT improved to $(68) million in Q4 2024 from $(59) million in Q4 2023, indicating a positive trend[43] Assets and Liabilities - Total assets decreased to $57,312 million as of December 31, 2024, from $57,967 million as of December 31, 2023, indicating a decline of approximately 1.1%[36] - Long-term debt increased to $15,711 million in 2024 from $14,907 million in 2023, representing an increase of about 5.4%[36] - Cash and cash equivalents decreased to $2,189 million in 2024 from $2,987 million in 2023, a decline of approximately 26.7%[36] - The company reported a decrease in cash and cash equivalents at the end of the year to $2,189 million from $2,987 million in 2023, a decline of 26.7%[39] Cost Management and Restructuring - The company plans to implement $1 billion in targeted cost reductions and reduce 2025 CapEx plans by $300 - 500 million[20] - The company reported a significant restructuring charge of $34 million in Q4 2024, compared to a credit of $21 million in Q4 2023[34] - The company incurred restructuring and efficiency costs of $(315) million for the twelve months ended Dec 31, 2024, impacting net income by $(245) million[51] - Restructuring charges for the three months ended Sep 30, 2024, amounted to $(79) million, affecting net income by $(62) million[58] External Factors and Challenges - The company anticipates ongoing challenges due to geopolitical factors, including the conflicts in Russia and Ukraine, which may impact future performance[25] - The Argentine peso devaluation resulted in a loss of $(177) million for the twelve months ended Dec 31, 2023, impacting overall financial results[51] - The company faced significant litigation-related charges of $(71) million for the twelve months ended Dec 31, 2023[51] Research and Development - Research and development expenses decreased to $202 million in Q4 2024 from $213 million in Q4 2023, reflecting a reduction of approximately 5.2%[34]

Core Viewpoint - Dow Inc. has announced targeted actions to achieve $1 billion in cost savings in response to ongoing macroeconomic uncertainty, aiming to enhance long-term competitiveness [1][5]. Cost Savings Strategy - The majority of the $1 billion in cost savings is expected to come from a reduction in direct costs, primarily focusing on purchased services and third-party contract labor, with a projected reduction of $500 million to $700 million [6]. - The company plans to reduce labor costs, including a workforce reduction of approximately 1,500 roles globally [6]. Financial Impact - Dow will incur a charge of $250 million to $325 million in the first quarter of 2025 for costs associated with these actions, which include severance and related benefits [1]. - The costs to implement these actions will be expensed as incurred, estimated to range from $20 million to $30 million [1]. Company Overview - Dow is a leading materials science company with a focus on high-growth markets such as packaging, infrastructure, mobility, and consumer applications, delivering sales of approximately $43 billion in 2024 [3]. - The company operates manufacturing sites in 30 countries and employs around 36,000 people [3].

MIDLAND, Mich., Jan. 30, 2025 /PRNewswire/ -- Dow (NYSE: DOW):FINANCIAL HIGHLIGHTS Net sales were $10.4 billion, down 2% year-over-year, reflecting declines in Packaging & Specialty Plastics. Sequentially, net sales were down 4%, led by seasonal declines in Performance Materials & Coatings. Volume increased 1% compared to the year-ago period, with gains in most regions. Sequentially, volume decreased 1%, led by seasonally lower demand in Performance Materials & Coatings, partly offset by improved supply ava ...

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EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...

Dow Inc. (DOW) is slated to come up with fourth-quarter 2024 results before the opening bell on Jan. 30. While DOW is expected to have benefited from its cost and productivity initiatives, soft demand due to weak global economic activities and pricing headwinds are likely to have weighed on its fourth-quarter performance.See the Zacks Earnings Calendar to stay ahead of market-making news.The Zacks Consensus Estimate for fourth-quarter earnings has been revised 28.6% downward in the past 60 days. The consens ...

There's plenty of red to be found on traders' screens today, with the S&P 500 recently off 1.7% and the more tech-focused Nasdaq Composite dropping about twice as much. The Dow, on the other hand, is holding up. The blue-chip index was up about 0.6% in afternoon action. That's despite a big pullback in shares of chip maker Nvidia (NVDA), which joined the index late last year. So what's sustaining the Dow? At recent count, 20 of its 30 components were in the green, with even the smallest gainer—Sherwin-Will ...

U.S. stocks traded mostly lower midway through trading, with the Dow Jones index edging higher on Monday.The Dow traded up 0.04% to 44,440.59 while the NASDAQ fell 2.96% to 19,364.21. The S&P 500 also fell, dropping, 1.72% to 5,996.25.Check This Out: Abbott To Rally Over 26%? Here Are 10 Top Analyst Forecasts For MondayLeading and Lagging SectorsConsumer staples shares surged by 1.1% on Monday.In trading on Monday, information technology shares fell by 4.7%.Top HeadlineOn Monday, AT&T Inc T reported better- ...

EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...