The earnings call highlighted Dow's ability to achieve year-over-year volume growth and progress in strategic initiatives despite facing significant challenges in key markets such as Europe and China. There were notable achievements in the Packaging & Specialty Plastics segment, alongside financial resilience and strategic growth investments. However, the company also faced operational disruptions, particularly in Texas, coupled with ongoing macroeconomic pressures and regulatory challenges in Europe.

Company Guidance

During Dow's Q3 2024 earnings call, key guidance metrics were provided, indicating expectations for the fourth quarter and beyond. The company reported net sales of $10.9 billion, a 1% increase year-over-year, with notable volume gains in Packaging & Specialty Plastics and Industrial Intermediates & Infrastructure. Operating EBIT for Q3 was $641 million, up by $15 million compared to the previous year, despite challenges such as an unplanned cracker outage in Texas. Cash flow from continuing operations stood at $800 million, reflecting higher inventories to support sales growth. Shareholder remuneration totaled $584 million, including dividends and share repurchases. Looking ahead, Dow forecasts Q4 earnings of approximately $1.3 billion, with sequential growth challenges due to normal seasonality. The company expects a $100 million add-back from the restarted Texas-8 cracker and a $50 million tailwind from reduced maintenance activities. Dow continues to advance its long-term growth strategy, including significant investments in clean hydrogen and recycling initiatives, aiming for more than $3 billion in additional annual earnings by 2030.

Year-Over-Year Volume Growth

Dow delivered its fourth consecutive quarter of year-over-year volume growth despite a challenging macroeconomic environment, particularly in Europe and China.

Packaging & Specialty Plastics Performance

Operating EBIT increased by $142 million year-over-year, driven by higher integrated margins in the Packaging & Specialty Plastics segment.

Strategic Growth Initiatives

Dow signed a long-term agreement with Linde for clean hydrogen supply and completed the acquisition of polyethylene recycler Circulus, adding 50,000 metric tons of recycled materials capacity annually.

Financial Strength and Flexibility

Dow maintains a strong investment-grade credit profile with nearly all long-term debt at fixed rates and no significant maturities until 2027.

Progress on Path2Zero Project

Significant progress on the Path2Zero project in Fort Saskatchewan, with major foundation work underway and approximately 40% of cracker filings complete.

---

Dow Inc (DOW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DOW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 30, 2025	2024 (Q4)	0.29 / -	0.43	―	―	―
Oct 24, 2024	2024 (Q3)	0.46 / 0.47	0.48	-2.08% (-0.01)
Jul 25, 2024	2024 (Q2)	0.71 / 0.68	0.75	-9.33% (-0.07)
Apr 25, 2024	2024 (Q1)	0.45 / 0.56	0.58	-3.45% (-0.02)
Jan 25, 2024	2023 (Q4)	0.40 / 0.43	0.46	-6.52% (-0.03)
Oct 24, 2023	2023 (Q3)	0.44 / 0.48	1.11	-56.76% (-0.63)
Jul 25, 2023	2023 (Q2)	0.70 / 0.75	2.31	-67.53% (-1.56)
Apr 25, 2023	2023 (Q1)	0.36 / 0.58	2.34	-75.21% (-1.76)
Jan 26, 2023	2022 (Q4)	0.57 / 0.46	2.15	-78.60% (-1.69)
Oct 20, 2022	2022 (Q3)	1.06 / 1.11	2.75	-59.64% (-1.64)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

DOW Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 24, 2024	$50.68	$50.19	-0.97%
Jul 25, 2024	$51.80	$51.34	-0.89%
Apr 25, 2024	$54.68	$54.16	-0.95%
Jan 25, 2024	$50.32	$52.07	+3.48%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---