DOW Beats Q3 Earnings Estimates, Misses on Sales on Lower Prices

Core Insights - Dow Inc. reported a profit of $62 million or 8 cents per share for Q3 2025, a decline from $214 million or 30 cents per share a year ago, primarily due to lower prices [1] - On an adjusted basis, Dow recorded a loss of 19 cents per share, compared to earnings of 47 cents a year ago, which was better than the Zacks Consensus Estimate of a loss of 31 cents [1][10] - Net sales for the quarter were $9,973 million, down 8% year over year, missing the Zacks Consensus Estimate of $10,175.4 million [2] Financial Performance - Cash flow from operating activities increased to $1.1 billion, up $330 million from the same period last year, attributed to working capital improvements [7] - Shareholder returns for the quarter totaled $249 million in dividends [7] - DOW's shares have decreased by 57.4% over the past year, compared to a 30.9% decline in the Zacks Chemicals Diversified industry [11] Segment Performance - Packaging & Specialty Plastics: Sales fell 11% year over year to $4,891 million, missing estimates, with local prices down 10% [4] - Industrial Intermediates & Infrastructure: Sales decreased 4% year over year to $2,834 million, beating estimates, with local prices down 8% [5] - Performance Materials & Coatings: Revenues fell 6% year over year to $2,082 million, slightly above estimates, with local prices down 5% [6] Market Outlook - Dow aims to maintain financial flexibility and enhance competitiveness to boost earnings, while focusing on cost savings and disciplined cash flow management [8] - The company is on track to generate over $6.5 billion in near-term cash support, having already achieved more than half of this target [9]