Dow Chemical posted softer third-quarter results, with net sales slipping to $9.97 billion , down 8% from last year as pricing and demand headwinds persisted across key value chains. Operating EBITA fell to $868 million, off roughly $514 million year-over-year, while GAAP net income landed at $124 million, calculated to earnings per share of $.08 compared to a year ago $.47 per share.
Still, cash flow was a bright spot — Dow generated over $1.1 billion in operating cash, boosted by tighter working-capital controls and lower inventories. Management acknowledged the tough backdrop but pointed to fresh U.S. Gulf Coast polyethylene and alkoxylation capacity as early drivers of sequential volume gains and improving margins. The tone remains cautious but constructive as downstream demand shows tentative signs of stabilization heading into year-end.
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