Why Dow (DOW) Shares Are Falling Today - Dow (NYSE:DOW)

Dow Inc DOW reported Q4 FY22 adjusted EPS of $0.46, missing the Street estimates of $0.58.
Operating EBIT fell 74% to $601 million, and EBITDA was down 57% to $1.26 billion, with declines in all operating segments due to lower pricing and reduced operating rates to match market dynamics.
Net sales were down 17.4% Y/Y to $11.86 billion, missing the consensus of $12.01 billion, reflecting declines in all operating segments driven by slower GDP growth and customer destocking.
Local price decreased 5% Y/Y, driven by Packaging & Specialty Plastics.
Volume was down 8% Y/Y due to an 18% decline in EMEAI.
Outlook: "While we see initial positive signs from moderating inflation in the U.S., improving outlook for energy in Europe, and re-opening in China, we continue to be prudent and proactive by implementing a playbook of targeted actions focused on optimizing labor and purchased service costs, reducing turnaround spending, and enhancing productivity. These actions are collectively expected to deliver $1 billion in cost savings," Chair and CEO Jim Fitterling said.
Price Action: DOW shares are down 2.95% at $56.18 during the premarket session on the last check Thursday.

Dow Misses Q4 Consensus Reflecting Decline In All Operating Segments; Profit Falls Due To Pricing Action Amid Market Headwinds