Fri, Jul 26, 12:02 PM (43 days ago)
Dow Inc. and The Dow Chemical Company reported financial results for Q2 2024, reflecting a 4% year-over-year decline in net sales to $10.9 billion, primarily due to a 4% decrease in local prices and a 1% unfavorable currency impact, partially offset by a 1% volume increase. The Packaging & Specialty Plastics segment saw a 7% decline in sales, while Industrial Intermediates & Infrastructure dropped 7%, and Performance Materials & Coatings rose 2%. Net income attributable to Dow Inc. was $439 million, or $0.62 per share, compared to $485 million, or $0.68 per share, in Q2 2023. Operating cash flow was $832 million, down from $1.35 billion in Q2 2023. The company maintained strong liquidity with $3.3 billion in cash and cash equivalents. Key activities included a definitive agreement to sell its flexible packaging laminating adhesives business and the acquisition of Circulus Holdings. Dow Inc. continues to focus on cost improvements and strategic investments to drive future growth.