Short answer
Dow Inc. (DOW) filed its Q3 2025 10-Q quarterly report on Oct 24, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $10.0B (down 8.3% year over year) with net income of $62M.
Q3 2025 key financials · XBRL
- Revenue
- $10.0B
- −8.3% YoY · −1.3% QoQ
- Net income
- $62M
- −71.0% YoY · +107.4% QoQ
- EPS (diluted)
- $0.09
- −70.0% YoY · +107.6% QoQ
Source: XBRL data from the Dow Inc. (DOW) Q3 2025 10-Q on SEC EDGAR. USD.
Dow Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $10.0B Q3 2025, down 8% YoY from $10.9B Q3 2024; declines across Packaging & Specialty Plastics (-11%), Industrial Intermediates & Infrastructure (-4%), Performance Materials & Coatings (-6%)
- Operating EBIT margin contracted: Packaging & Specialty Plastics $199M vs $618M YoY, Industrial Intermediates EBIT loss improved slightly ($47M loss vs $53M loss), Performance Materials $80M vs $140M YoY
- Packaging & Specialty Plastics worst performer with $419M EBIT decline; Industrial Intermediates & Infrastructure least negative with $6M EBIT loss reduction
- Cash from operations $1.13B Q3 2025, up from $800M YoY; capital expenditures $1.91B YTD 2025, down from $2.17B YTD 2024; capex guidance cut to $2.5B for 2025
- Management cites persistent macroeconomic headwinds, overcapacity, and trade volatility; implementing $1B cost reductions, asset rationalization, dividend cut 50% to $0.35/share; outlook cautious with focus on cost control and cash flow
Risk Factors
- No new risk factors added since 10-K; updates reflect ongoing macroeconomic uncertainty and trade policy changes in 2025
- Most material update: Elevated U.S. tariff rates, highest since 1930s, causing supply chain disruption and negatively impacting sales volume and pricing
- Regulatory risk: Continued sanctions and export restrictions from Russia-Ukraine conflict may further restrict shipments, risking financial condition or cash flows
- Market risk: Excess industry capacity, especially in EMEAI and Asia Pacific, leading to price declines and reduced operating rates affecting near-term earnings
- Financial risk: Exposure to foreign currency volatility in inflationary markets like Argentina, with hedging strategies employed but risk remains to results
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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