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年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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.
陶氏第一季度的淨銷售額爲108億美元，同比下降9％，環比增長1％。
該公司本季度的營業息稅前利潤爲6.74億美元，同比下降3,400萬美元，但環比增長1.15億美元。
本季度運營的現金流爲4.6億美元，在過去的12個月中，現金流轉換率爲94％。
該公司預計，與第一季度相比，第二季度的收益將增加約2億美元。
Business Progress:
業務進展：
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.
該公司正在爲更高價值和低風險的成長型企業進行短期投資，預計到十年中期，基礎息稅折舊攤銷前利潤將增加約20億美元。
位於艾伯塔省薩斯喀徹溫堡的Path2Zero項目已經開始施工，預計每年將額外帶來10億美元的週期中息稅折舊攤銷前利潤增長。
該公司計劃推進其廢物轉化戰略，並預計到2030年可能從息稅折舊攤銷前利潤中獲得超過5億美元的收入。
陶氏公司。”由於許多地區的需求增加和能源成本的降低，2024年第一季度全球銷量增長了約76％。
該公司對其產品的全球市場趨勢前景樂觀，並計劃加快對艾伯塔省氫燃料餅乾項目和Mura熱解原料的投資。
陶氏預計，年度息稅折舊攤銷前利潤約爲63億至65億美元，週期中期將增長至90億美元左右，這主要是通過銷量回升。
所有下游市場對陶氏有機硅產品的需求和定價都有所改善，包括建築和基礎設施、個人護理、工業和化學加工、交通和消費電子產品。
More details: Dow Inc IR
更多詳情： 陶氏公司投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。