Dow Q3 Earnings: Volume Growth Amid Market Softness, Q4 Outlook Remains Cautious

Dow Inc (NYSE:DOW) shares are trading higher after the company reported third-quarter results.

Sales rose 1% year over year to $10.88 billion, beating the consensus of $10.65 billion, on higher sales in the U.S. and Canada. Adjusted EPS was $0.47, beating the consensus of $0.46.

Local prices remained flat as improvements in Packaging & Specialty Plastics were offset by decreases in Performance Materials & Coatings segments. Sequentially, local prices fell 1%.

Volume increased by 1%, aided by Performance Materials & Coatings segment. Operating EBIT rose to $641 million from $626 million a year ago, while the margin expanded by 10 bps to 5.9% for the quarter.

Segment: Packaging & Specialty Plastics sales were up 1% to $5.52 billion, and the operating EBIT margin of 11.2% was up by 250 bps.

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