Categories Earnings, Industrials

Dow (NYSE: DOW): Q3 2019 Earnings Snapshot

— Dow Inc. (NYSE: DOW) reported third-quarter 2019 operating earnings of $0.91 per share versus $0.73 per share expected.

— Net sales fell by 15% to $10.8 billion versus $10.74 billion expected. The results were hurt by lower local prices primarily due to declines in global energy prices.

— Volume declined by 2% as demand growth in packaging, polyurethanes and silicones applications was more than offset by lower hydrocarbon co-product sales and increased ethylene integration from the startup of new US Gulf Coast assets.

Earnings Update by AlphaStreet

— Local price decreased by 12% due to lower polyethylene, hydrocarbon co-products, siloxanes, and isocyanates. Currency decreased sales by 1%.

— Packaging & Specialty Plastics sales dropped by 18% as a decline in Hydrocarbons & Energy hurt volume by 4% and a 13% decrease in local price.

— Sales of Industrial Intermediates & Infrastructure fell by 14% due to flat volume, a 13% drop in local price and lower currency.

— Performance Materials & Coatings sales decreased by 12% due to a 10% drop in local price, a 1% decline in volume and lower currency.

— Looking ahead, the company will continue to leverage its feedstock flexibility, advance lower-risk, higher-return growth investments, and achieve a stranded cost removal target.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

Infographic: Nvidia (NVDA) Q4 revenue up 61%; earnings beat

Nvidia Corporation (NASDAQ: NVDA) Wednesday said its fourth-quarter revenues and profit increased in double-digits amid elevated demand. The results also topped the Street view, driving the stock higher during the

Nutanix (NTNX) Earnings: 2Q21 Key Numbers

Nutanix (NASDAQ: NTNX) reported second quarter 2021 earnings results today. Total revenue remained flat at $346.4 million compared to the same period a year ago. GAAP net loss was $287.3

Macy’s (M) expects digital channels to generate approx. $10 billion in sales by 2023

Shares of Macy’s Inc. (NYSE: M) were down 2.7% in morning trade on Wednesday. The stock has gained 37% since the beginning of the year. A day ago, the retailer

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top