NYSE$DOW
Dow Inc. · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Dow reported mixed Q4 2020 results with EPS of $1.65 and revenue up 5% year over year.
Dow's Q4 2020 results showed a GAAP earnings per share of $1.65 and an Operating EPS of $0.81. Net sales were $10.7 billion, a 5% increase compared to the previous year. The company's performance reflected a continued global economic recovery and strategic cash management.
- GAAP earnings per share was $1.65; Operating EPS was $0.81, excluding significant items.
- Net sales were $10.7 billion, up 5% versus the year-ago period.
- Equity earnings were $106 million, up $127 million compared to the year-ago period, primarily driven by continued improvement in financial results at the Sadara joint venture.
- Cash provided by operating activities was $1.7 billion and free cash flow was $1.4 billion.
Headline financials
Revenue & EPS history
Dow · Revenue · Quarterly
$10.7B
Revenue by segment
Dow · $10.7B total across 4 segments · Q4 2020
- Packaging & Spec. Plastics$5.13B+5.9%47.9%
- Industrial & Infra$3.5B+7.6%32.7%
- Performance Materials$2.03B-0.3%19.0%
- Corporate$50M—0.5%
Forward guidance
Dow anticipates continued profitable growth in the ongoing economic recovery and improving industry cycle, focusing on capital allocation, cost structure, and innovation.
Tailwinds
- Sequential momentum entering 2021.
- Well-positioned for continued profitable growth.
- Disciplined focus on capital allocation priorities.
- Improving cost structure and financial flexibility.
- Increasing margins as differentiated parts of portfolio see improving demand.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2020
-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 |
|---|---|---|---|---|
| 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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