NYSE$DOW
Dow Inc. · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Dow's Q4 2024 results were impacted by macroeconomic headwinds, with net sales down 2% year-over-year, but the company is taking actions to reduce costs and improve margins.
Dow reported Q4 2024 net sales of $10.4 billion, a 2% decrease year-over-year. The company experienced a GAAP net loss of $35 million, or $0.08 per share, while operating earnings per share were $0.00. Dow is implementing cost reduction measures and focusing on growth projects to navigate the economic downcycle.
- Net sales decreased by 2% year-over-year to $10.4 billion, reflecting declines in Packaging & Specialty Plastics.
- Volume increased 1% compared to the year-ago period, with gains in most regions.
- GAAP net loss was $35 million, or $0.08 per share, impacted by restructuring and efficiency costs.
- The company is implementing actions to reduce costs by $1 billion and CapEx plans by $300 - 500 million.
Headline financials
Revenue & EPS history
Dow · Revenue · Quarterly
$10.4B
Revenue by segment
Dow · $10.7B total across 4 segments · Q3 2023
- Packaging & Spec. Plastics$5.45B-25.6%50.8%
- Industrial & Infra$3.04B-25.2%28.3%
- Performance Materials$2.13B-19.7%19.9%
- Corporate$111M+48.0%1.0%
Forward guidance
Dow expects to benefit from growth projects and operational discipline in 2025, with potential demand growth in packaging, energy, and electronics. The company is implementing cost reductions of $1 billion and reducing 2025 CapEx plans by $300 - 500 million.
Tailwinds
- Completion of near-term incremental growth projects.
- Enhanced focus on operational discipline in 2025.
- Potential demand growth in attractive end markets such as packaging.
- Potential demand growth in attractive end markets such as energy.
- Potential demand growth in attractive end markets such as electronics.
Headwinds
- Persistently weak macroeconomic conditions.
- Need to deliver improved margins.
- Taking actions to reduce costs by $1 billion.
- Reducing 2025 CapEx plans by $300 - 500 million.
- Uncertainty regarding the timing of a true recovery.
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 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 |
|---|---|---|---|---|
| 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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