DOW INC Reports Positive Earnings Results for 2nd Quarter of Fiscal Year 2023
July 27, 2023
☀️Earnings Overview
On June 30, 2023, DOW INC ($NYSE:DOW) announced their earnings results for the second quarter of fiscal year 2023, revealing total revenue of USD 11.4 billion — a 27.1% decrease from the same quarter in the previous year. Net income for the quarter was USD 0.48 billion, representing a 71.1% reduction year over year.
Stock Price
The stock opened at $52.9 and closed at $53.5, up 1.8% from the prior closing price of $52.6. This marks a positive start for the company as it looks to recover from the economic challenges posed by the global pandemic. Investors responded positively to the news, driving up the stock price and showing that the company is well-positioned for future growth. The increase in stock price is a sign of confidence in the company’s future prospects. Its products and services span a wide range of industries, including chemicals, energy, plastics, and building materials.
The company has been investing heavily in research and development, particularly in green energy and sustainability, positioning itself to benefit from an expected rise in demand for sustainable solutions. Going forward, DOW INC is expected to continue its positive trend as it looks to capitalize on growth opportunities across various markets. As investors continue to have faith in the company’s long-term prospects, the stock is likely to remain on an upward trajectory. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dow Inc. More…
| Total Revenues | Net Income | Net Margin |
| 49.24k | 1.76k | 4.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dow Inc. More…
| Operations | Investing | Financing |
| 5.9k | -3.04k | -2.17k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dow Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 58.29k | 37.78k | 28.44 |
Key Ratios Snapshot
Some of the financial key ratios for Dow Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.0% | 4.2% | 6.4% |
| FCF Margin | ROE | ROA |
| 7.2% | 9.8% | 3.4% |
Analysis
We at GoodWhale have conducted an analysis of DOW INC‘s wellbeing. According to our Star Chart, DOW INC has a high health score of 7/10 with regard to its cashflows and debt, making it capable to sustain future operations in times of crisis. Moreover, DOW INC is strong in asset, medium in dividend, profitability and weak in growth, making it classified as an ‘elephant’ – a type of company that is rich in assets after deducting off liabilities. Given the health of DOW INC, we believe that it may be attractive to various types of investors. For example, value investors may be interested in its strong asset performance, while growth investors may be drawn to its potential for future growth. Furthermore, investors that seek stability and security may appreciate its strong cashflows and debt score, giving them confidence that their investments are safe. More…
Peers
In the world of petrochemical manufacturing, Dow Inc. is one of the big players. The company competes against other large manufacturers such as LyondellBasell Industries NV, Westlake Corp, and Huntsman Corp. While each company has its own strengths and weaknesses, Dow Inc. has been able to stay ahead of the competition and maintain a position as one of the leading manufacturers in the industry.
– LyondellBasell Industries NV ($NYSE:LYB)
LyondellBasell Industries is a large, publicly traded chemical company with operations in over 20 countries. The company produces a wide range of chemicals and plastics, including ethylene, propylene, and polyethylene. LyondellBasell is one of the world’s largest producers of these materials.
The company has a market capitalization of over $25 billion and a return on equity of over 35%. LyondellBasell is a publicly traded company on the New York Stock Exchange under the ticker symbol LYB.
– Westlake Corp ($NYSE:WLK)
Westlake Corp is a publicly traded company with a market capitalization of $11.86 billion as of 2022. The company has a return on equity of 27.65%. Westlake Corp is engaged in the business of manufacturing and marketing of chemicals, plastics, and rubber products. The company has operations in North America, Europe, Asia, and South America.
– Huntsman Corp ($NYSE:HUN)
The company, Huntsman Corporation, is a publicly traded company with a market capitalization of 5.28 billion as of 2022. The company has a return on equity of 24.15%. Huntsman Corporation is a chemical company that manufactures and sells differentiated chemicals. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The company was founded in 1970 and is headquartered in The Woodlands, Texas.
Summary
DOW INC‘s second quarter earnings results for 2023 showed a sharp decline in both total revenue and net income year-over-year. Total revenue was reported at USD 11.4 billion, down 27.1%, while net income was 0.48 billion, a decrease of 71.1%. This indicates a challenging market environment for the company despite efforts to increase efficiency and reduce costs. Investors should pay close attention to DOW INC’s future plans and performance, as any signs of a turnaround in fortunes could prove lucrative.
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