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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.
About The Dow Company
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
