Dow Inc. reported first-quarter 2025 net sales of $10.4 billion, a 3% year-over-year decrease, citing lower prices across all operating segments. Volume rose 2% compared to Q1 2024, and operating earnings per share were $0.02.

GAAP net loss totaled $290 million, with operating EBIT at $230 million. The company cited pressure from higher energy and feedstock costs, which were partially offset by volume gains.

In response to continued soft global demand and economic uncertainty, Dow announced a set of strategic actions expected to deliver $6 billion in near-term cash support. These include:

• A $1 billion reduction in 2025 capital expenditures

• Delay of the Path2Zero project in Alberta

• Expansion of a European asset review affecting three upstream sites

• $1 billion in expected proceeds from a legal judgment

• $3 billion from the sale of a minority stake in U.S. Gulf Coast infrastructure assets

CEO Jim Fitterling emphasized disciplined execution and said the measures will strengthen financial flexibility and competitiveness.

Segment performance highlights include a 4% volume increase in Packaging & Specialty Plastics, but lower integrated margins led to a $263 million year-over-year decline in operating EBIT. Industrial Intermediates & Infrastructure posted a $128 million loss in operating EBIT, while Performance Materials & Coatings reported a modest gain.

Dow reaffirmed its focus on long-term capital allocation and maintaining balance in response to persistent macroeconomic and geopolitical volatility.

View the full Q1 2025 earnings release and webcast here.