NYSE$DOW
Dow Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Dow's Q2 2024 earnings were reported, revealing a mix of sequential improvements and year-over-year declines.
Dow's Q2 2024 results showed sequential earnings improvement driven by gains in Performance Materials & Coatings and Packaging & Specialty Plastics, but were down year-over-year due to lower integrated margins and higher planned maintenance activity. Net sales were $10.9 billion, a 4% decrease compared to the year-ago period.
- GAAP earnings per share was $0.62; operating earnings per share (EPS) was $0.68, compared to $0.75 in the year-ago period.
- Net sales were $10.9 billion, down 4% versus the year-ago period but up 1% sequentially.
- Volume increased 1% versus the year-ago period, with gains led by the U.S. & Canada.
- Cash provided by operating activities was $832 million, down $515 million year-over-year but up $372 million compared to the prior quarter.
Headline financials
Revenue & EPS history
Dow · Revenue · Quarterly
$10.9B
Revenue by segment
Dow · $12.1B total across 4 segments · Q2 2026
- Packaging & Specialty Plastics$6.39B—52.8%
- Industrial Intermediates & Infrastructure$3.17B—26.2%
- Performance Materials & Coatings$2.36B—19.5%
- Corporate$180M—1.5%
Forward guidance
Dow is focused on continuing to deliver sequential earnings improvements while navigating through the slower macro environment. Near-term demand in many markets is growing, but building & construction and consumer durables are unlikely to significantly change in 2024.
Tailwinds
- Team Dow is focused on continuing to deliver sequential earnings improvements.
- Near-term demand in many markets that we serve is growing.
- Driving higher sales through our innovation portfolio and diverse product mix.
- Leveraging our global scale.
- Strategically advantaged cost positions.
Headwinds
- Slower macro environment remains.
- Building & construction are unlikely to significantly change in 2024.
- Consumer durables are unlikely to significantly change in 2024.
- The pace of the global macroeconomic recovery has been slower than expected.
- Remain focused on working capital, reducing costs, and matching our operating rates to current demand.
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 Q2 2024
-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% | |
| Q1 2018 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro