Sector: Materials|Industry: Chemicals|Market Cap: $27.68B|Employees: 35.9K
Dow Inc. is a materials science company that serves customers in high-growth markets such as packaging, infrastructure, mobility, and consumer applications. The company's core business model is based on its global breadth, asset integration, and scale, focused innovation, and leading business positions. Dow operates manufacturing sites in 31 countries.
Net sales for Q3 2024 were $10.879 billion, a 1% increase compared to $10.730 billion in Q3 2023. The increase was driven by a 1% increase in volume, while local prices remained flat. This indicates a slight improvement in demand, but pricing power remains a challenge.
Operating EBIT for Q3 2024 was $641 million, down from $626 million in Q3 2023. The decrease was primarily due to higher raw material costs and higher planned maintenance activity, indicating margin pressure despite top-line growth.
Net income available for Dow Inc. common stockholders was $214 million, or $0.30 per share, in Q3 2024, compared to $302 million, or $0.42 per share, in Q3 2023. This decline reflects the impact of higher costs and expenses on profitability.