Materials
Chemicals
$27.68B
35.9K
Key insights and themes extracted from this filing
Net sales decreased to $10.431 billion in Q1 2025 from $10.765 billion in Q1 2024, a 3% decrease. This decline contributed to a net loss of $290 million, compared to a net income of $538 million in the same period last year.
Cost of sales increased to $9.8 billion from $9.5 billion year-over-year. This increase, combined with lower net sales, put pressure on gross margins and contributed to the overall net loss.
Cash provided by operating activities from continuing operations decreased to $104 million in Q1 2025 from $460 million in Q1 2024. This decrease reflects the lower net income and changes in working capital.