Dow Inc. reports Q1 operating EPS 71c, consensus 36c

Reports Q1 revenue $11.85B, consensus $11.35B. Operating EPS excludes significant items in the quarter, totaling 71c per share, primarily due to restructuring costs and a litigation matter. Jim Fitterling, chairman and chief executive officer, commented on the quarter: "Team Dow demonstrated its agility and remained disciplined through challenging macroeconomic conditions – leveraging our structurally advantaged feedstock positions, focusing on higher-value products where demand remained resilient, and aligning our operating rates with market dynamics. Our actions to deliver $1 billion in cost savings in 2023 are progressing, reinforcing our low-cost-to-serve operating model and continuing to maximize cash flow generation. With ample liquidity and financial flexibility, execution of our strategy is on track as we advance our disciplined and balanced capital allocation priorities for long-term value creation."