Dow Inc
0A1S.L
€20.10 0.50%
Exchange: LSE | Sector: Basic Materials | Industry: Chemicals
Q2 2024
Published: Jul 26, 2024

Earnings Highlights

  • Revenue of $10.92B down 4.4% year-over-year
  • EPS of $0.62 decreased by 8.8% from previous year
  • Gross margin of 12.1%
  • Net income of 439.00M
  • ""We are continuously adjusting our production levels based on consumer demands, especially within the packaging sector where we see stable growth."" - Management Team

Dow Inc (0A1S.L) Q2 2024 Financial Results: Strategic Adjustments Amidst Revenue Fluctuations

Executive Summary

In Q2 2024, Dow Inc reported revenues of $10.92 billion, marking a 1.39% increase from the previous quarter but a 4.42% decline year-over-year. Despite the revenue growth, gross profit saw a significant drop of 14.30% YOY, emphasizing continued pressure on margins within the chemicals segment. The company's strategic re-evaluation and focus on cost efficiencies have led to a 20.18% increase in operating income from the previous quarter, suggesting an adaptation to the challenging market conditions. Management expressed optimism about adjusting production based on end-market demand, especially within the packaging segment. Net income for the quarter was $439 million, translating to EPS of $0.62β€”down 15.07% QOQ and 8.82% YOY. The significant year-over-year decline in profit margins raises concerns about pricing power in a competitive market, highlighting the importance of innovative product solutions to drive recovery.

Key Performance Indicators

Revenue

10.92B
QoQ: 1.39% | YoY:-4.42%

Gross Profit

1.32B
12.13% margin
QoQ: 3.68% | YoY:-14.30%

Operating Income

661.00M
QoQ: 20.18% | YoY:-7.03%

Net Income

439.00M
QoQ: -14.92% | YoY:-9.48%

EPS

0.62
QoQ: -15.07% | YoY:-8.82%

Revenue Trend

Margin Analysis

Key Insights

  • **Current Quarter Revenue**: $10.92 billion
  • **QOQ Change**: +1.39% (from $10.65 billion in Q1 2024)
  • **YOY Change**: -4.42% (from $11.44 billion in Q2 2023)
  • **Gross Profit**: $1.32 billion
  • **Gross Profit Margin**: 12.13%, improving from Q1 but down from 14.6% YOY.

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 10,104.00 -1.18 -7.4% View
Q1 2025 10,431.00 -0.44 -3.1% View
Q4 2024 10,405.00 -0.08 -2.0% View
Q3 2024 10,879.00 0.30 +1.4% View
Q2 2024 10,915.00 0.62 -4.4% View