DOW - Dow Reports Q4 Results Says Strong Balance Sheet Ready To Invest And Capitalize On Economic Upswing | Benzinga
Dow Inc (NYSE:DOW) reported fourth-quarter fiscal 2023 sales decline of 10.4% year-over-year to $10.62 billion, beating the consensus of $10.37 billion.
Sales were down 1% sequentially, as price and volume gains in Packaging & Specialty Plastics were more than offset by seasonal demand declines in Performance Materials & Coatings.
Adjusted EPS was $0.43, above the consensus of $0.40.
Local price decreased 13% year-over-year, with declines in all operating segments due to lower feedstock and energy costs. Sequentially, the local price was flat.
Volume increased 2% Y/Y, reflecting gains across all regions except Asia Pacific, which was flat. Operating EBIT declined by 7% Y/Y to $559 million, and the margin expanded by 20 ...