Dow's Q4 net sales fall on price declines, lower volumes

Dow

29/01/2026 11:09

Overview

Materials science company's Q4 net sales fell 9% yr/yr to $9.5 bln

Adjusted EPS for Q4 was a loss, but beat analyst expectations

Company faced price declines and lower operating rates, partly offset by cost reductions

Outlook

Dow expects Transform to Outperform to deliver $2 bln in additional near-term earnings

Company aims to simplify operations for improved efficiency and shareholder returns

Result Drivers

PRICE DECLINES - Dow's Q4 results were impacted by an 8% decrease in local prices year-over-year, affecting all segments

VOLUME DECREASE - Volume decreased 2% year-over-year, led by declines in Packaging & Specialty Plastics due to lower merchant olefins sales in EMEAI

COST REDUCTION - Dow's cost reduction program partly offset the impact of price declines and lower operating rates

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Sales
Meet
$9.46 bln
$9.46 bln (13 Analysts)
Q4 Adjusted EPS
Beat
-$0.34
-$0.46 (17 Analysts)
Q4 EPS
-$2.15


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 16 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the commodity chemicals peer group is "buy."

Wall Street's median 12-month price target for Dow Inc is $27.00, about 2.8% below its January 28 closing price of $27.78

Press Release: ID:nPnbX5WRva

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)