Dow Inc
0A1S.L
â‚Ŧ20.10 0.50%
Exchange: LSE | Sector: Basic Materials | Industry: Chemicals
Q3 2024
Published: Oct 25, 2024

Earnings Highlights

  • Revenue of $10.88B up 1.4% year-over-year
  • EPS of $0.30 decreased by 30.2% from previous year
  • Gross margin of 9.8%
  • Net income of 214.00M
  • ""Our focus remains on enhancing our operational efficiency to navigate this complex macroeconomic environment."" - CEO

Dow Inc (0A1S.L) Q3 2024 Financial Results: Declining Profitability Despite Stable Revenues

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%)

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