Summary by Moomoo AI
Dow Inc. reported Q3 2024 earnings with GAAP EPS of $0.30 and operating EPS of $0.47, compared to $0.48 in Q3 2023. Net sales rose 1% YoY to $10.9 billion, driven by higher sales in the U.S. & Canada. Volume increased 1% YoY, led by gains in Performance Materials & Coatings.Operating EBIT was $641 million, up $15 million YoY, primarily due to higher integrated margins in Packaging & Specialty Plastics, partially offset by an unplanned cracker outage in Texas and increased planned maintenance. Cash from operations was $800 million, down $858 million YoY due to higher inventory levels.The company announced a strategic review of select assets in Europe, primarily in its Polyurethanes business, as part of ongoing efforts to optimize its global footprint. Dow continues to focus on counter-cyclical growth investments, targeting over $3 billion in underlying earnings by 2030 from higher-value businesses and regions with resilient demand and competitive cost advantages.
