Dow Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 21, 2021 at 12:02 pm
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Dow Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 14,837 million compared to USD 9,712 million a year ago. Net income was USD 1,683 million compared to net loss of USD 25 million a year ago. Basic earnings per share from continuing operations was USD 2.25 compared to basic loss per share from continuing operations of USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 2.23 compared to diluted loss per share from continuing operations of USD 0.04 a year ago.
For the nine months, sales was USD 40,604 million compared to USD 27,836 million a year ago. Net income was USD 4,575 million compared to net loss of USD 11 million a year ago. Basic earnings per share from continuing operations was USD 6.11 compared to basic loss per share from continuing operations of USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 6.06 compared to diluted loss per share from continuing operations of USD 0.02 a year ago.
Dow Inc. specializes in the manufacturing and marketing of performance, intermediate and plastic products. Net sales break down by family of products as follows:
- basic plastics (51.9%): polyethylene and polystyrene, polypropylene, etc.;
- elaborate plastics (28.1%): adhesives, resins, polyurethanes, plastic films, sealants, acoustic products, etc.;
- performance chemicals (19%): polymers, latex, acrylic monomers, etc.;
- other (1%).
Net sales are distributed geographically as follows: the United States and Canada (37.3%), Europe/Middle East/Africa/India (32.6%), Asia/Pacific (18.5%), and Latin America (11.6%).