Summary
Dow Inc. reported net sales of $43 billion for the year ended December 31, 2024, a decrease of 4% compared to the prior year, primarily driven by a 4% decrease in local pricing across all segments and regions. While total sales volume remained flat year-over-year, the company experienced a slight decline in its Packaging & Specialty Plastics segment, offset by growth in Industrial Intermediates & Infrastructure and Performance Materials & Coatings. The company continued to focus on strategic growth projects, including a net-zero ethylene complex in Alberta, Canada, and investments in circular economy initiatives, such as the acquisition of a mechanical recycling company and partnerships to expand plastic waste transformation. Dow's financial performance reflects efforts to manage costs and optimize its portfolio, with a reported net income of $1.12 billion and earnings per share of $1.57 for 2024, an improvement from the previous year. The company also maintained its commitment to shareholder returns through dividends and share repurchases. Looking ahead, Dow is implementing cost reduction measures and capital expenditure adjustments to navigate macroeconomic uncertainty while staying aligned with its long-term sustainability and innovation strategies. Key areas of focus include expanding capacity in high-growth markets and advancing its decarbonization goals.
Financial Highlights
52 data points| Revenue | $42.96B |
| Cost of Revenue | $38.36B |
| Gross Profit | $4.61B |
| SG&A Expenses | $1.58B |
| Operating Income | $1.20B |
| Interest Expense | $811.00M |
| Net Income | $1.12B |
| EPS (Basic) | $1.57 |
| EPS (Diluted) | $1.57 |
| Shares Outstanding (Basic) | 703.80M |
| Shares Outstanding (Diluted) | 705.10M |
Key Highlights
- 1Dow Inc. reported net sales of $43 billion for 2024, a 4% decrease from 2023, primarily due to a 4% decline in local pricing across all segments.
- 2Net income available for common stockholders was $1.12 billion, resulting in earnings per share of $1.57 for 2024, an increase from $0.82 in 2023.
- 3The company made significant progress on its sustainability goals, including advancing construction of its net-zero ethylene complex in Alberta, Canada, and acquiring a mechanical recycling company, Circulus Holdings, LLC.
- 4Dow continued its portfolio optimization by completing the sale of its flexible packaging laminating adhesives business.
- 5Strategic investments are being made to support growth in key markets, including expansions in specialty amines and alkoxylation capacity.
- 6The company announced targeted cost reduction initiatives and a workforce reduction of approximately 1,500 roles in January 2025 to address macroeconomic uncertainty.
- 7Dow's strong balance sheet and liquidity position remain a key strength, with $12.0 billion in cash and committed credit facilities at December 31, 2024.