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[ Star Enterprise of Chemical Machinery and Equipment Network ] Recently, Dow released its financial report for the fourth quarter of 2020.
In the fourth quarter, as the economy continued to recover, the Dow team achieved both sales and profit growth, and most of the business units reached their pre-epidemic levels.
Chemical machinery and equipment network star enterprise chemical machinery and equipmentIn the fourth quarter, as the economy continued to recover, the Dow team achieved both sales and profit growth, and most of the business units reached their pre-epidemic levels.
Among them, net sales were 10.
7 billion U.
S.
dollars, a 10% increase in sales compared with the previous quarter and a 5% increase from the same period last year.
The main reason is the increase in the price of polyethylene and polyurethane applications, coupled with the increase in sales due to currency exchange rates, and the overall increase in efficiency.
The increase in profit margins in polyethylene and polyurethane applications also prompted Dow to achieve operating earnings before interest and taxes (EBIT) of 1.
1 billion US dollars, an increase of 1 billion US dollars over the same period last year.
7 billion U.
S.
dollars, a 10% increase in sales compared with the previous quarter and a 5% increase from the same period last year.
The main reason is the increase in the price of polyethylene and polyurethane applications, coupled with the increase in sales due to currency exchange rates, and the overall increase in efficiency.
The increase in profit margins in polyethylene and polyurethane applications also prompted Dow to achieve operating earnings before interest and taxes (EBIT) of 1.
1 billion US dollars, an increase of 1 billion US dollars over the same period last year.
In addition, sales have also increased by 1% year-on-year, and all business segments have reached their pre-epidemic sales levels.
Packaging and specialty plastics, functional materials and coatings have become the main drivers of year-on-year growth.
Compared with the previous quarter, sales increased by 2%.
Packaging and specialty plastics, industrial intermediates and infrastructure, and all regional markets achieved growth, mainly due to strong supply and demand fundamentals.
Packaging and specialty plastics, functional materials and coatings have become the main drivers of year-on-year growth.
Compared with the previous quarter, sales increased by 2%.
Packaging and specialty plastics, industrial intermediates and infrastructure, and all regional markets achieved growth, mainly due to strong supply and demand fundamentals.
"In 2020, our free cash flow is 5 billion U.
S.
dollars, and the cash flow conversion rate is further increased by 30%.
By focusing on creating cash flow and executing key strategic cash levers, such as the sale of some US Gulf Coast shipping and terminal assets, This quarter achieved additional deleveraging, and the annual net debt was reduced by more than $2.
6 billion.
" said Jim Fitterling, Chairman and *Executive Officer of Dow.
S.
dollars, and the cash flow conversion rate is further increased by 30%.
By focusing on creating cash flow and executing key strategic cash levers, such as the sale of some US Gulf Coast shipping and terminal assets, This quarter achieved additional deleveraging, and the annual net debt was reduced by more than $2.
6 billion.
" said Jim Fitterling, Chairman and *Executive Officer of Dow.
Original title: In the fourth quarter of 2020, Dow will achieve both sales and profit growth!
