Dow said its net sales for 2023 were $44.6 billion, down 22% from $56.9 billion in 2022, with local price down 16%, volume down 6%, and no currency impact.

1. 01

   Dow said its net sales for 2023 were $44.6 billion, down 22% from $56.9 billion in 2022, with local price down 16%, volume down 6%, and no currency impact.

2. 02

   The company said Dow Inc. net income available to common stockholders was $589 million ($0.82 per share) in 2023, down from $4,582 million ($6.28 per share) in 2022.

3. 03

   The company said TDCC's sundry income (expense) - net for 2023 was an expense of $327 million, including a $642 million non-cash settlement charge and $109 million in foreign currency exchange losses related to the devaluation of the Argentine peso in December 2023.

4. 04

   The company recorded pretax restructuring charges of $535 million related to its 2023 Restructuring Program in 2023 and said it expects cash outflows of about $400 million related to the program in 2024.

Key figures

Fiscal year ended December 31, 2023

Revenue

$44.6B

Net income

$660M

EPS

$0.82

Operating cash flow

$5.2B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.