Dow Inc.

Dow Inc. managed to surpass the revenue and earnings expectations of Wall Street. In the third quarter, Dow continued to advance its long-term strategy, all while taking proactive measures to reduce costs and optimize cash generation in response to sluggish global macroeconomic conditions and escalating sequential feedstock expenses. The quarter’s net sales amounted to $10.7 billion, representing a 24% decline compared to the previous year, primarily attributed to the effects of slower global macroeconomic activity across all operating segments. Sequentially, sales decreased by 6%, as volume gains were offset by reduced local prices. Year-over-year, volume experienced a 6% decrease, mainly due to reduced merchant hydrocarbons and energy sales. However, sequential volume increased by 1%, driven by gains in Industrial Intermediates & Infrastructure and Performance Materials & Coatings. Excluding merchant sales in Hydrocarbons and energy, sequential volume witnessed a 3% increase, with growth observed across all operating segments. Despite the challenging market conditions, Dow continued to invest in its long-term strategic priorities, simultaneously returning $617 million to shareholders through dividends and share repurchases in the quarter. The company collaborated with LanzaTech Global to offer a novel biodegradable surfactant to the home care market.