Dow (DOW) Tops Q3 EPS by 17c, Revenues Beat

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Go back to Dow (DOW) Tops Q3 EPS by 17c, Revenues Beat

Dow reports third quarter 2020 results

October 22, 2020 6:00 AM EDT

MIDLAND, Mich.--(BUSINESS WIRE)-- Dow (NYSE: DOW):

FINANCIAL HIGHLIGHTS

GAAP loss per share was $0.04; Operating EPS¹ was $0.50 and excludes significant items in the quarter totaling $0.54 per share, primarily related to restructuring and asset-related charges, net of a gain on the divestiture of non-revenue generating rail infrastructure assets. Net sales were $9.7 billion, down 10% versus the year-ago period, primarily driven by decreased local prices due to lower global energy prices. Dows third quarter sales increased 16% versus the prior quarter. Local price declined 9% versus the year-ago period.... More