In Q2 2024, Dow Inc. reported a 4% decline in net sales to $10.9bn, missing analyst estimates, due to slower global economic recovery and lower local prices.
Dow Inc. reported Q2 2024 earnings with a 4% decline in net sales to $10.9bn, missing analyst estimates of $11.01bn. Adjusted EPS was $0.68, also missing the consensus of $0.72. Local prices fell 4% Y/Y, while volume increased by 1% Y/Y. Operating EBIT declined to $819m from $885m a year ago, and the margin contracted by 20 bps to 7.5%. CEO Jim Fitterling attributed the slower global economic recovery to the lower-than-expected results.
July 25, 2024
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