Dow (DOW) Revenue — Quarter Ended Jun 30, 2023
Revenue declined versus both the prior quarter and the same quarter last year. The drop was driven by lower local prices, particularly in the Packaging & Specialty Plastics segment, while currency had no impact.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue declined versus both the prior quarter and the same quarter last year. The drop was driven by lower local prices, particularly in the Packaging & Specialty Plastics segment, while currency had no impact.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$11.4B
Revenue reported for this quarter.
Quarter-over-quarter
-3.6%
Change from the immediately preceding quarter.
Year-over-year
-27.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$49.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $14.1B | -4.9% |
| Dec 31, 2022 | $11.9B | -17.4% |
| Mar 31, 2023 | $11.9B | -22.4% |
| Jun 30, 2023 | $11.4B | -27.1% |
Revenue performance
Reported revenue fell from the immediately preceding quarter, extending a multi-quarter downward trend clearly visible in the trend data. The year-over-year comparison shows a substantial decrease as well.
Quarterly comparison
Compared with a year earlier, revenue was sharply lower, with both local price and volume declining in the main segment. Sequentially, the decline was more moderate but still negative.
What to watch
The sustained volume drop across multiple quarters may warrant attention as it could indicate demand weakness beyond pricing effects.