Overview

* Dow Q3 net sales fell 8% yr/yr, missing analysts' expectations

* Adjusted EPS for Q3 beats consensus despite a yr/yr decline

* Company achieved sequential EBIT growth through cost reductions and operational improvements

Outlook

* Dow aims to deliver over $6.5 bln in near-term cash support

* Company focuses on resilient portfolio areas to capture market share and premiums

* Dow plans to rationalize higher-cost areas, mainly in Europe

Result Drivers

* COST REDUCTIONS - Sequential earnings growth driven by cost reduction actions and lower planned maintenance activity

* NEW ASSET STARTUPS - Volume gains in U.S. Gulf Coast from new polyethylene and alkoxylation assets

* PRICE DECLINES - Local prices fell 8% yr/yr and 3% sequentially, impacting net sales

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net Miss $9.97 $10.22

Sales bln bln (14

Analysts

)

Q3 Beat -$0.19 -$0.29

Adjusted (17

EPS Analysts

)

Q3 EPS $0.08

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 17 "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 ( DOW ) is $26.00, about 16.3% above its October 21 closing price of $21.75

Press Release:

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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.)