Dow (DOW) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter was higher than the immediately preceding quarter, continuing a pattern of sequential stabilization. Compared with the same quarter one year earlier, revenue was lower.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter was higher than the immediately preceding quarter, continuing a pattern of sequential stabilization. Compared with the same quarter one year earlier, revenue was lower.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$10.8B
Revenue reported for this quarter.
Quarter-over-quarter
+1.4%
Change from the immediately preceding quarter.
Year-over-year
-9.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$43.5B
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 |
|---|---|---|
| Jun 30, 2023 | $11.4B | -27.1% |
| Sep 30, 2023 | $10.7B | -24.0% |
| Dec 31, 2023 | $10.6B | -10.4% |
| Mar 31, 2024 | $10.8B | -9.2% |
Revenue performance
Revenue increased from the prior quarter, reflecting a sequential improvement after several quarters of decline. However, the year-over-year comparison showed a decrease, driven by lower local prices and reduced volume in the Packaging & Specialty Plastics segment.
Quarterly comparison
The reported revenue rose compared to the December quarter, marking the first sequential gain in the trend data. Against the same period last year, revenue contracted by a notable margin.
What to watch
Monitor whether the sequential revenue improvement can be sustained in the coming quarters given persistent year-over-year pressure.