Dow Inc. reports Q3 operating EPS 48c, consensus 44c

Reports Q3 revenue $10.73B, consensus $10.32B. Jim Fitterling, chair and chief executive officer, commented on the quarter: “In the third quarter, Team Dow continued to advance our long-term strategy while also taking proactive actions to reduce costs and maximize cash generation in a challenging macro environment. Despite higher sequential feedstock costs, we continued to implement targeted actions to deliver $1 billion in cost savings in 2023. Operating cash flow of $1.7 billion improved $311 million sequentially, and enabled more than $615 million in returns to shareholders, reflecting our continued disciplined and balanced approach to capital allocation.”