February 9, 2025 – Dow Inc. Reports Q4 2024 Financial Results, Outlines Cost-Saving Measures
Dow Inc. recently released its fourth-quarter 2024 financial report, revealing net sales of $10.4 billion, marking a 2% decline compared to the same period last year. This decrease was primarily attributed to the underperformance of the Packaging & Specialty Plastics segment.
In terms of financial performance, Dow Inc. reported a GAAP net loss of 35million,or0.08 per share, for the quarter. This loss included significant item charges of $0.08 per share, primarily related to restructuring and efficiency costs.
According to AsiaMB’s understanding, facing these financial challenges, Dow’s Chairman and CEO, Jim Fitterling, stated that the company is actively taking measures to address them. He revealed that Dow plans to save 1billionincostsandreducecapitalexpenditureplansfor2025by300 million to $500 million, in an effort to improve the company’s financial position.