NYSE$DOW
Dow Inc. · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Dow's financial performance demonstrated growth, driven by price and volume gains across all segments and regions.
Dow reported strong first-quarter 2022 results, with net sales up 28% year-over-year and operating EPS significantly higher than the year-ago period. The company benefited from healthy end-market demand, disciplined execution, and its differentiated portfolio.
- GAAP earnings per share (EPS) was $2.11; Operating EPS was $2.34, compared to $1.36 in the year-ago period.
- Net sales were $15.3 billion, up 28% versus the year-ago period, reflecting gains in all operating segments, businesses and regions.
- Local price increased 28% versus the year-ago period, with gains in all operating segments, businesses and regions.
- Returns to shareholders totaled $1.1 billion in the quarter, comprised of $513 million in dividends and $600 million in share repurchases.
Headline financials
Revenue & EPS history
Dow · Revenue · Quarterly
$15.3B
Revenue by segment
Dow · $15.3B total across 4 segments · Q1 2022
- Packaging & Specialty Plastics$7.63B+25.4%50.0%
- Industrial Intermediates & Infrastructure$4.52B+25.4%29.6%
- Performance Materials & Coatings$3.05B+43.6%20.0%
- Corporate$64M-8.6%0.4%
Forward guidance
Dow anticipates strong demand across its end-markets, leveraging its global scale, cost-advantaged positions, and feedstock flexibility to navigate the dynamic geopolitical environment. The company is focused on decarbonization and expects to grow underlying earnings by more than $3 billion through sustainable innovations.
Tailwinds
- Strong demand across end-markets
- Global scale and cost-advantaged positions
- Industry-leading feedstock and derivative flexibility
- Advancing strategy to decarbonize
- Increasing demand for low-carbon, sustainable and circular innovations
Headwinds
- Dynamic geopolitical environment
- Higher energy costs
- Impacts from planned maintenance activity at Sadara
- Lower polyethylene and MEG margins in Asia Pacific
- Rising raw materials
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
-1.0%
Avg return
Earnings day
-0.1%
Avg return
5 days after
-1.5%
Avg return
30 days after
42%
14 / 33 earnings
Positive
+13.0%
Q3 2025
Best reaction
-9.4%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | -0.8% | -2.1% | -7.2% | |
| Q4 2025 | -1.9% | +9.8% | +10.6% | |
| Q3 2025 | +13.0% | +17.0% | +2.3% | |
| Q2 2025 | +2.0% | +2.7% | +9.2% | |
| Q1 2025 | +2.6% | +5.7% | -2.3% | |
| Q4 2024 | -6.1% | -6.1% | -7.2% | |
| Q3 2024 | -3.5% | -3.9% | -11.7% | |
| Q2 2024 | -0.9% | +0.7% | +0.4% | |
| Q1 2024 | +0.5% | -0.1% | +1.4% | |
| Q4 2023 | +1.8% | +2.6% | +6.2% | |
| Q3 2023 | -1.5% | -0.3% | +6.6% | |
| Q2 2023 | +2.2% | +5.5% | +1.9% | |
| Q1 2023 | -5.1% | -1.8% | -9.1% | |
| Q4 2022 | +1.9% | +2.5% | -0.2% | |
| Q3 2022 | +3.9% | +6.0% | +10.9% | |
| Q2 2022 | -3.2% | -2.4% | +5.6% | |
| Q1 2022 | +1.4% | -0.3% | +0.8% | |
| Q4 2021 | +4.9% | +8.0% | +4.2% | |
| Q3 2021 | -2.5% | -2.0% | -4.3% | |
| Q2 2021 | +0.6% | +3.7% | +1.9% | |
| Q1 2021 | -4.2% | -3.3% | +6.2% | |
| Q4 2020 | -4.6% | +0.4% | +9.0% | |
| Q3 2020 | -0.0% | -4.1% | +12.7% | |
| Q2 2020 | -3.9% | -3.9% | -1.7% | |
| Q1 2020 | -9.4% | -10.9% | +3.0% | |
| Q4 2019 | +2.8% | -0.9% | -14.3% | |
| Q3 2018 | +3.5% | +3.2% | +9.6% | |
| Q3 2019 | +6.9% | +9.0% | +14.8% | |
| Q2 2019 | -7.0% | -8.3% | -22.9% | |
| Q4 2017 | -7.0% | -8.3% | -22.9% | |
| Q4 2018 | -7.0% | -8.3% | -22.9% | |
| Q2 2018 | -7.0% | -8.3% | -22.9% | |
| Q1 2019 | -5.0% | -5.7% | -16.7% | |
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| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — |
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