Dow (DOW) Revenue — Quarter Ended Sep 30, 2023
Revenue declined in the third quarter, continuing the downward trend observed in prior periods. The decrease was driven by lower local prices and reduced volumes, as noted in the company's filing.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue declined in the third quarter, continuing the downward trend observed in prior periods. The decrease was driven by lower local prices and reduced volumes, as noted in the company's filing.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$10.7B
Revenue reported for this quarter.
Quarter-over-quarter
-6.0%
Change from the immediately preceding quarter.
Year-over-year
-24.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$45.9B
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 |
|---|---|---|
| Dec 31, 2022 | $11.9B | -17.4% |
| Mar 31, 2023 | $11.9B | -22.4% |
| Jun 30, 2023 | $11.4B | -27.1% |
| Sep 30, 2023 | $10.7B | -24.0% |
Revenue performance
The reported revenue was lower than the previous quarter and significantly below the same quarter last year. The company attributed the decline to a combination of pricing and volume headwinds.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased. On a year-over-year basis, the decline was more pronounced, reflecting sustained pressure on both price and demand.
What to watch
Monitor whether pricing and volume trends stabilize or continue to deteriorate in the coming quarters.