Dow releases financial report for the third quarter of 2021

Dow released its financial report for the third quarter of 2021 on October 21.

According to generally accepted accounting principles (GAAP), earnings per share were 2.

Net sales were US$14.

Local prices have increased by 50% year-on-year and 5% month-on-month.

Sales increased by 2% year-on-year, mainly driven by the two major operating sectors, packaging and specialty plastics, functional materials and coatings

Equity income was US$249 million, an increase of US$189 million year-on-year, mainly due to the increase in profitability of Sadara and the Kuwait joint venture

GAAP net income is $1.

Cash generated from operating activities (ie continuing operations) was US$2.

Total debt decreased by more than $1.

The overall return to shareholders this quarter was US$918 million, including a dividend return of US$518 million and stock repurchases of US$400 million

Mr.

“In addition, earlier this month, on Dow’s 2021 Investor Day, we announced a strategic plan to reduce our carbon footprint and increase revenue through the implementation of phased and rigorous measures, thereby making the entire value Chain’s actual EBITDA increased by more than $3 billion

Fitterling said: “We see that end market demand will continue to remain strong and is expected to continue until 2022.

The Dow Company (NYSE: DOW) combines global layout, asset integration and economies of scale with focused innovation and leading business positioning to achieve profitable growth