Earnings Call Summary | Dow Inc(DOW.US) Q1 2024 Earnings Conference
Earnings Call Summary | Dow Inc(DOW.US) Q1 2024 Earnings Conference
The following is a summary of the Dow Inc. (DOW) Q1 2024 Earnings Call Transcript:
以下是陶氏公司（DOW）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Dow's net sales in Q1 were $10.8 billion, a decrease of 9% year-over-year, and an increase of 1% sequentially.
The company had an operating EBIT for the quarter of $674 million, representing a $34 million decrease year-over-year, but an improvement of $115 million sequentially.
Cash flow from the quarter's operations stood at $460 million, resulting in a 94% cash-flow conversion on a trailing 12-month basis.
For the second quarter, the company anticipates earnings to improve by about $200 million compared to the first quarter.
陶氏第一季度的净销售额为108亿美元，同比下降9％，环比增长1％。
该公司本季度的营业息税前利润为6.74亿美元，同比下降3,400万美元，但环比增长1.15亿美元。
本季度运营的现金流为4.6亿美元，在过去的12个月中，现金流转换率为94％。
该公司预计，与第一季度相比，第二季度的收益将增加约2亿美元。
Business Progress:
业务进展：
The company is making near-term investment efforts towards higher-value and lower-risk growth ventures, expected to result in approximately $2 billion in additional underlying EBITDA by mid-decade.
Construction has begun on the Path2Zero project in Fort Saskatchewan, Alberta, expected to yield an extra $1 billion per year in mid-cycle EBITDA growth.
The company plans to advance its waste transformation strategy and projects possible revenue of over $500 million from EBITDA by 2030.
Dow Inc.'s volume grew by about 76% globally in the first quarter of 2024 due to increased demand and lower energy costs in numerous regions.
The company has a favourable outlook on global market trends for their products and plans to accelerate investment in Alberta's hydrogen-fueled cracker project and Mura pyrolysis feedstock.
Dow projects an annual EBITDA run rate of approximately $6.3 billion-$6.5 billion, with a mid-cycle increase to around $9 billion, chiefly through volume recovery.
Demand and pricing for Dow's silicone products have improved across all downstream markets, including building and infrastructure, personal care, industrial and chemical processing, mobility, and consumer electronics.
该公司正在为更高价值和低风险的成长型企业进行短期投资，预计到十年中期，基础息税折旧摊销前利润将增加约20亿美元。
位于艾伯塔省萨斯喀彻温堡的Path2Zero项目已经开始施工，预计每年将额外带来10亿美元的周期中息税折旧摊销前利润增长。
该公司计划推进其废物转化战略，并预计到2030年可能从息税折旧摊销前利润中获得超过5亿美元的收入。
陶氏公司。”由于许多地区的需求增加和能源成本的降低，2024年第一季度全球销量增长了约76％。
该公司对其产品的全球市场趋势前景乐观，并计划加快对艾伯塔省氢燃料饼干项目和Mura热解原料的投资。
陶氏预计，年度息税折旧摊销前利润约为63亿至65亿美元，周期中期将增长至90亿美元左右，这主要是通过销量回升。
所有下游市场对陶氏有机硅产品的需求和定价都有所改善，包括建筑和基础设施、个人护理、工业和化学加工、交通和消费电子产品。
More details: Dow Inc IR
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译文内容由第三方软件翻译。