Materials
Chemicals
$27.68B
35.9K
Key insights and themes extracted from this filing
The company reported net sales of $10.8 billion, a 9% decrease from $11.9 billion in the first quarter of 2023. This decline was primarily due to a 10% decrease in local prices, although volume increased by 1%.
Net income available for Dow Inc. common stockholders was $516 million, compared to a loss of $93 million in the first quarter of 2023. This improvement was driven by a $65 million increase in equity affiliate earnings and lower significant items.
Operating EBIT was $674 million, compared to $708 million in the first quarter of 2023. The decrease was primarily due to lower selling prices, partially offset by lower raw material, energy, and feedstock costs.