Summary
Dow Inc. reported net sales of $9.97 billion for the third quarter of 2025, an 8% decrease compared to the prior year, reflecting challenging macroeconomic conditions and slower global GDP growth. The company experienced a net loss of $967 million for the nine months ended September 30, 2025, a significant shift from the $1.24 billion net income in the same period of 2024, largely impacted by restructuring and asset-related charges. Despite the top-line and bottom-line pressures, Dow maintained a strong liquidity position with $4.6 billion in cash and cash equivalents and $8.4 billion in available credit facilities. The company also continued its portfolio optimization and cost reduction efforts, including significant restructuring actions aimed at rationalizing its global asset footprint and improving competitiveness. Key financial highlights include a substantial increase in cash provided by operating activities for continuing operations in the third quarter of 2025, driven by working capital improvements and advance customer payments. However, free cash flow for the first nine months of 2025 was negative at $(1.15) billion. The company also reduced its quarterly dividend by 50% to $0.35 per share in response to the prolonged industry downturn. While facing headwinds, Dow remains committed to its long-term strategy, focusing on resilient portfolio areas and operational efficiencies to navigate the current economic environment and drive future shareholder returns.
Financial Highlights
50 data points| Revenue | $9.97B |
| Cost of Revenue | $9.24B |
| Gross Profit | $731.00M |
| SG&A Expenses | $340.00M |
| Interest Expense | $221.00M |
| Net Income | $60.00M |
| EPS (Basic) | $0.08 |
| EPS (Diluted) | $0.08 |
| Shares Outstanding (Basic) | 711.80M |
| Shares Outstanding (Diluted) | 713.20M |
Key Highlights
- 1Net sales for Q3 2025 were $9.97 billion, down 8% year-over-year, reflecting broad-based declines across operating segments and geographies due to lower prices and volume.
- 2The company reported a net loss of $967 million for the first nine months of 2025, a significant decrease from a net income of $1.24 billion in the same period of 2024.
- 3Dow incurred substantial restructuring and asset-related charges totaling $822 million in the first nine months of 2025, primarily related to workforce reductions, asset rationalization, and exit/disposal activities.
- 4Cash provided by operating activities - continuing operations increased to $764 million in the first nine months of 2025, driven by working capital improvements and advance customer payments.
- 5Free Cash Flow for the first nine months of 2025 was a negative $(1.15) billion, down from $(81) million in the prior year period.
- 6Dow reduced its quarterly dividend by 50% to $0.35 per share in Q3 2025, signaling a response to the challenging industry conditions and prioritizing financial flexibility.
- 7The company maintained a strong liquidity position with $4.6 billion in cash and cash equivalents and $8.4 billion in available committed credit facilities as of September 30, 2025.