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Dow Inc. reported its fourth quarter 2024 results.
Key Financial Highlights
- Net sales were $10.4 billion, down 2% year-over-year, primarily driven by lower prices across all operating segments.
- Operating EBIT was $454 million, down $105 million year-over-year, primarily due to lower prices and higher costs.
- GAAP net loss was $35 million, or $0.08 per share.
- Cash from operating activities was $811 million.
CEO Quote
Jim Fitterling, chair and chief executive officer, commented on the quarter: “Despite persistently weak macroeconomic conditions, Team Dow delivered our fifth consecutive quarter of year-over-year volume growth, leveraging our cost-advantaged footprint to capture resilient demand for high-value applications. In December, we signed a definitive agreement for the sale of a minority stake in select U.S. Gulf Coast infrastructure assets for expected cash proceeds of up to approximately $3 billion. The partnership represents a new business model designed to drive operational efficiencies and growth with new customers, while providing near-term financial flexibility. We also announced a strategic review of select European assets, and today we are announcing additional actions to deliver $1 billion of cost savings and productivity improvements over the next three years.”
