Executive Summary
In the third quarter of 2024, Dow Inc (symbol: 0A1S.L) reported revenues of $10.88 billion, representing a slight decline of 0.33% compared to the previous quarter. However, the company's profitability drastically decreased, with net income falling to $214 million (-51.25% QoQ), primarily due to increased operating expenses and lower gross profit margins. The company witnessed a 5.98% year-over-year decrease in gross profit and a staggering 61.04% drop in operating income.
Challenges in pricing power and cost inflation in raw materials, along with market uncertainty, have pressured Dow's performance. Management indicated during the earnings call that despite these pressures, the company remains committed to its operational efficiency initiatives and long-term growth strategies, including investments in specialty chemicals and sustainable practices that could enhance shareholder value moving forward.
Key Performance Indicators
Revenue
10.88B
QoQ: -0.33% | YoY:1.39%
Gross Profit
1.07B
9.84% margin
QoQ: -19.18% | YoY:-5.98%
Operating Income
390.00M
QoQ: -41.00% | YoY:-61.04%
Net Income
214.00M
QoQ: -51.25% | YoY:-29.14%
EPS
0.30
QoQ: -51.61% | YoY:-30.23%
Revenue Trend
Margin Analysis
Key Insights
- Revenue: $10.88 billion (YoY: +1.39%, QoQ: -0.33%)
- Gross Profit: $1.07 billion (YoY: -5.98%, QoQ: -19.18%)
- Operating Income: $390 million (YoY: -61.04%, QoQ: -41.00%)
- Net Income: $214 million (YoY: -29.14%, QoQ: -51.25%)
- EPS: $0.30 (YoY: -30.23%, QoQ: -51.61%)