DOW - Dow Reports Q3 Results Above Consensus Expects Positive Impact From Rising Oil Prices | Benzinga
Dow Inc (NYSE: DOW) reported a third-quarter FY23 sales decline of 24% year-over-year to $10.73 billion, beating the consensus of $10.32 billion.
The decrease in sales was attributed to declines in all operating segments, which resulted from slower global macroeconomic activity.
Adjusted EPS was $0.48, above the consensus of $0.44.
Local price decreased 18% year-over-year, with declines in all operating segments and regions, primarily due to lower feedstock and energy costs. Sequentially, local price was down 7%.
Volume decreased 6% Y/Y, due to declines in the merchant Hydrocarbons & Energy sales.
Operating EBIT declined by 47.6% Y/Y to $626 million, and the margin contracted by 270 bps to 5.8% for the ...