Dow Q2 Highlights: 27% Sales Decline, Challenging Macro Environment, Cost Savings & More
Portfolio Pulse from Akanksha Bakshi
Dow Inc reported a Q2 FY23 sales decline of 27.1% YoY to $11.42 billion, beating the consensus of $11.27 billion. Adjusted EPS was $0.75, above the consensus of $0.70. The company's return to shareholders totaled $743 million in the quarter, including $493 million in dividends and $250 million in share repurchases. DOW shares are trading higher by 2.45% at $53.84.
July 25, 2023 | 5:11 pm
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Dow Inc reported better than expected Q2 results despite a significant sales decline. The company also returned a substantial amount to shareholders. DOW shares are trading higher.
Despite a significant sales decline, Dow Inc's Q2 results beat consensus estimates, which is a positive signal to investors. The company's commitment to returning capital to shareholders is also a positive sign. As a result, DOW shares are trading higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100