Dow(DOW) - 2023 Q3 - Earnings Call Presentation

Financial Performance - Net sales reached $10.7 billion in 3Q 2023, reflecting a slowdown in global macroeconomic activity[4] - Net income was $327 million and Operating EBIT was $626 million[4] - Cash flow from operating activities (continuing operations) was $1.7 billion[4] - $617 million was returned to shareholders, including $492 million in dividends and $125 million in share repurchases[4] Segment Performance (3Q 2023) - Specialty Plastics sales decreased by 26% year-over-year, with price down 20% and volume down 7%[6] - Industrial Intermediates & Infrastructure sales decreased by 25% year-over-year, with price down 17% and volume down 7%[6] - Performance Materials & Coatings sales decreased by 4% year-over-year, with price down 7% but volume up 4%[6] Outlook and Strategy - The company is on track to deliver $1 billion of cost savings in 2023, with >85% of impacted roles exited at the end of 3Q[13] - The company unlocked ~$600 million of cash from working capital in 3Q[13] - The company aims to grow underlying earnings by ~$3 billion per year while reducing GHG emissions by ~5 million metric tons per annum[16]