Dow Inc. reported Q2 2024 net sales of $10.9 billion, down 4% YoY, with decreases across all geographic regions. Net income available for Dow Inc. common stockholders was $439 million, with earnings per share at $0.62, compared to $0.68 in Q2 2023. Local price decreased 4% YoY, while volume increased 1%. Cash provided by operating activities was $832 million, down $515 million YoY but up $372 million QoQ.The company faced mixed performance across segments. Packaging & Specialty Plastics and Industrial Intermediates & Infrastructure both saw 7% decreases in net sales, while Performance Materials & Coatings increased by 2%. Equity in earnings of nonconsolidated affiliates improved to $26 million, primarily due to better results at Kuwait and Sadara joint ventures.Looking ahead, Dow aims to deliver sequential earnings improvements despite a slower macro environment. The company expects continued growth in many markets, although building and construction and consumer durables are unlikely to change significantly in 2024. Dow plans to drive higher sales through innovation and diverse product mix, leveraging its global scale and advantaged cost positions to enable higher earnings and shareholder returns.

Dow Inc. reported Q2 2024 net sales of $10.9 billion, down 4% YoY, with decreases across all geographic regions. Net income available for Dow Inc. common stockholders was $439 million, with earnings per share at $0.62, compared to $0.68 in Q2 2023. Local price decreased 4% YoY, while volume increased 1%. Cash provided by operating activities was $832 million, down $515 million YoY but up $372 million QoQ.The company faced mixed performance across segments. Packaging & Specialty Plastics and Industrial Intermediates & Infrastructure both saw 7% decreases in net sales, while Performance Materials & Coatings increased by 2%. Equity in earnings of nonconsolidated affiliates improved to $26 million, primarily due to better results at Kuwait and Sadara joint ventures.Looking ahead, Dow aims to deliver sequential earnings improvements despite a slower macro environment. The company expects continued growth in many markets, although building and construction and consumer durables are unlikely to change significantly in 2024. Dow plans to drive higher sales through innovation and diverse product mix, leveraging its global scale and advantaged cost positions to enable higher earnings and shareholder returns.