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Dow Inc. (DOW+3.84%) has submitted its annual report on Form 10-K filing for the fiscal year ended December 31, 2024.
The report details Dow's financial performance, including net sales of $43 billion, a decrease from $44.6 billion in 2023. This decline was primarily due to a 4% decrease in local prices.
Operating EBIT for 2024 was $2.6 billion, down from $2.8 billion in 2023, reflecting lower selling prices and higher planned maintenance costs.
Net income available for Dow Inc. common stockholders was $1.1 billion, or $1.57 per share, compared to $589 million, or $0.82 per share, in 2023.
The company declared and paid dividends of $2.80 per share in 2024, totaling $1.97 billion.
Dow Inc. repurchased $494 million of its common stock during the year.
The report also outlines Dow's ongoing restructuring program, which resulted in charges of $103 million in 2024, primarily for severance and asset write-downs.
Dow's balance sheet at year-end showed total assets of $57.3 billion and total liabilities of $39.5 billion, with a total equity of $17.9 billion.
The company continues to focus on its strategic priorities, including sustainability initiatives and investments in circular economy projects.
Dow's 2024 capital expenditures were $2.94 billion, with plans to increase spending to approximately $3 billion to $3.2 billion in 2025.
The filing includes details on Dow's principal risks, including climate change, economic conditions, and regulatory changes, which could impact future performance.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Dow Inc. annual 10-K report dated February 4, 2025. To report an error, please email earnings@qz.com.