Dow (DOW) posted a fourth quarter GAAP net loss of $35 million, or $0.08 per share, including significant items totaling $0.08, primarily from restructuring and efficiency costs. This is compared to a loss of $95 million or $0.15 per share, prior year. Operating earnings per share was $0.00, for the quarter. The company noted that both its earnings per share and operating earnings per share include higher-than-expected non-cash tax adjustments of $0.27, primarily related to Argentina, amplified by inflation. Analysts on average expected the company to report profit per share of $0.24, for the quarter. Analysts' estimates typically exclude special items. Operating EBIT was $454 million compared to $559 million, prior year.
Fourth quarter net sales were $10.4 billion, down 2% year-over-year, reflecting declines in Packaging & Specialty Plastics. Volume increased 1% compared to the year-ago period, with gains in most regions. Analysts on average had estimated $10.53 billion in revenue.
"In December, we signed a definitive agreement for the sale of a minority stake in select U.S. Gulf Coast infrastructure assets for expected cash proceeds of up to approximately $3 billion. The partnership represents a new business model designed to drive operational efficiencies and growth with new customers, while providing near-term financial flexibility. We also announced a strategic review of select European assets, and today we are announcing additional actions to deliver $1 billion of targeted cost reductions," said Jim Fitterling, CEO.
Shares of Dow are up 1% in pre-market trade on Thursday.
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December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.