Dow Chemical (NYSE: DOW) reported Q3 EPS of $0.72, $0.04 better than the analyst estimate of $0.68. Revenue for the quarter came in at $14.4 billion versus the consensus estimate of $14.31 billion.

Andrew N. Liveris, Dow’s chairman and chief executive officer, stated:

“Dow delivered a strong quarter of top- and bottom-line growth. Our low-cost positions and geographic diversification enabled growth and improving operating rates in the quarter. Record EBITDA in Performance Plastics and Electronic and Functional Materials, coupled with significant improvement in Performance Materials again this quarter, demonstrates the value of our strategy to be low cost and fully integrated in key products while adding value through technology in key markets. We continued to achieve major milestones in Agricultural Sciences – such as the recently announced regulatory approvals for our Enlist™ Weed Control System – despite lower crop prices in a seasonally weak quarter.

“This consistent execution against the plans we have firmly set – using ROC to drive self-help actions such as prioritizing spending, further enhancing productivity and liberating capital by applying a best-owner mindset to our entire portfolio – is enabling us to deliver increasing returns and maximize shareholder value creation. This remains our singular focus.”

Outlook

Commenting on the Company’s outlook, Liveris said:

“Delivering shareholder value is ingrained across the enterprise, and as we look ahead, our priorities are clear: Improve return on capital, increase cash flow by managing our portfolio of integrated value chains, and innovate and commercialize technologies that our customers value.

“We remain committed to achieving our financial targets and ongoing shareholder remuneration, and are taking targeted steps across our businesses to navigate through persistently slow and volatile global macroeconomic conditions. Looking ahead, we will continue leveraging the power of Dow’s global reach and industry-leading feedstock and operational flexibility to manage our portfolio in the midst of volatile energy markets. Our low-cost positions in key products such as ethylene and our deep integration with downstream, value-added products that create value for ourselves and our customers will uniquely position us to continue driving profitable growth. In these conditions, having global scale and flexibility is the best hedge against volatile markets.”

For earnings history and earnings-related data on Dow Chemical (DOW) click here.