陶氏发布第三季度财务报告

Core Insights - Dow Inc. reported a net sales figure of $10 billion for Q3 2025, reflecting an 8% year-over-year decline across all operating segments [1] - Sequentially, net sales decreased by 1%, with growth in industrial intermediates and infrastructure operations not compensating for declines in packaging, specialty plastics, functional materials, and coatings [1] Sales Performance - Year-over-year sales volume decreased by 1%, with growth in the U.S., Canada, and Asia-Pacific partially offsetting declines in Europe, the Middle East, Africa, and India [1] - Sequentially, sales volume increased by 1%, attributed to the startup of new facilities along the U.S. Gulf Coast [1] Segment Analysis - Lower sales in hydrocarbons led to an overall decline in the packaging and specialty plastics segment, which was partially offset by growth in industrial intermediates and infrastructure operations [1] Management Commentary - The CEO of Dow Inc., Jim Fitterling, noted that despite ongoing industry pressures, the company achieved sequential revenue growth and improved cash flow in Q3 [1] - The company is actively engaging with governments to maintain product flow and ensure a fair trade environment, believing it is well-positioned to address current challenges [1] - Dow Inc. capitalized on strong market demand through new polyethylene and alkoxylation facilities along the U.S. Gulf Coast, resulting in sequential growth in volume and earnings in key end markets with higher margins [1]