The call reflects a challenging environment with strategic actions being taken to navigate weak macroeconomic conditions and pricing pressures. Despite some positive achievements, such as volume growth and strategic transactions, the impact of declining sales, flat EBITDA, and cost-reduction measures indicates ongoing challenges.

Company Guidance

During the Dow Fourth Quarter 2024 Earnings Conference Call, management provided guidance for the upcoming fiscal year, addressing several key metrics. For the first quarter of 2025, they anticipate operating earnings to be approximately $1 billion, down $200 million sequentially, due to higher expected feedstock costs impacting margins. They also project their operational tax rate to range between 25% and 29%. Dow announced a cost reduction target of $1 billion per year by 2026, including the elimination of approximately 1,500 roles, primarily focusing on third-party contract labor and purchase services. Additionally, capital expenditure for 2025 is expected to be reduced by $300 million to $500 million from the previously disclosed target of $3.5 billion. The company aims for these initiatives, along with strategic asset sales, to enhance cash flow, margins, and earnings growth, while maintaining their commitment to long-term strategic priorities and shareholder returns.

Fifth Consecutive Quarter of Year-over-Year Volume Growth

Achieved volume growth despite weak macroeconomic conditions.

Completion of Strategic Transactions

Sale of flexible packaging laminating adhesive business for $150 million and a definitive agreement with Macquarie Asset Management for up to $3 billion.

Recognition and Awards

Earned 12 Edison Awards for Innovation and recognized as one of the top 25 world's best workplaces by Great Place to Work and Fortune.

Path2Zero Project Progress

Construction began on the Path2Zero investment, expected to generate $1 billion in incremental EBITDA annually by 2030.

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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
May 02, 2019	2019 (Q1)	- / 0.98	―	―	―	―
Jul 25, 2019	2019 (Q2)	- / 0.86	―	―	―	―
Oct 24, 2019	2019 (Q3)	- / 0.91	―	―	―	―
Jan 29, 2020	2019 (Q4)	- / 0.78	0.927	-15.86% (-0.15)	―	―
Apr 30, 2020	2020 (Q1)	- / 0.59	0.98	-39.80% (-0.39)	―	―
Jul 23, 2020	2020 (Q2)	- / -0.26	0.86	-130.23% (-1.12)	―	―
Oct 22, 2020	2020 (Q3)	- / 0.50	0.91	-45.05% (-0.41)	―	―
Jan 28, 2021	2020 (Q4)	- / 0.81	0.78	3.85% (+0.03)	―	―
Apr 22, 2021	2021 (Q1)	1.14 / 1.36	0.59	130.51% (+0.77)	―	―
Jul 22, 2021	2021 (Q2)	2.47 / 2.72	-0.26	1146.15% (+2.98)	―	―

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

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DOW Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 30, 2025	$41.05	$38.55	-6.09%
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%

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.

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