Dow (DOW) Misses Q4 EPS by 11c

Dow (NYSE: DOW) reported Q4 EPS of $0.46, $0.11 worse than the analyst estimate of $0.57. Revenue for the quarter came in at $11.9 billion versus the consensus estimate of $12.08 billion.

GUIDANCE:

"As we enter 2023, we remain focused on managing near-term dynamics while continuing to position the company for long-term value creation," said Fitterling. "While we see initial positive signs from moderating inflation in the U.S., improving outlook for energy in Europe, and re-opening in China, we continue to be prudent and proactive by implementing a playbook of targeted actions focused on optimizing labor and purchased service costs, reducing turnaround spending, and enhancing productivity. These actions are collectively expected to deliver $1 billion in cost savings. Going forward, we will continue to maintain our disciplined and balanced approach to capital allocation and focus on cash flow generation, while executing our strategic priorities for long-term sustainable and profitable growth."

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