Dow is scheduled to report earnings for the second quarter before the market opens Tuesday. Here’s what you need to know.
SALES: The Midland, Mich.-based chemical company is expected to post sales of $11.27 billion, according to FactSet. This would be down from reported sales of $15.66 billion for the same period a year earlier.
ADJUSTED EARNINGS: Stripping out one-time items, earnings per share are set to come in at 72 cents.
WHAT TO WATCH
DEMAND: Investors will look for comments on levels of demand as a key driver to potential volume growth. In the first quarter, the company said demand for its segments was under pressure, particularly in Europe, the Middle East, Africa, and India, with volumes decreasing 8%.
MARGINS: The market will watch margins and volume performance in the period amid lower prices and higher energy costs. In the first quarter, its margins dropped to 6% from 15.9% in the year-ago period.
SAVINGS PROGRAM: Investors will also look for comments on how the company’s plan to deliver $1 billion in cost savings in 2023 is progressing as it looks to maximize cash-flow generation.