The Dow Chemical Company Beats Q2 Earnings and Revenue Estimates (DOW)

Dow Chemical (DOW) reported its second quarter earnings before the opening bell on Wednesday morning, posting results that beat analysts’ earnings and revenue expectations.

DOW’s Earnings in Brief

Dow Chemical reported second quarter sales of $14.917 billion, up from last year’s Q2 sales of $14.497 billion. Adjusted net income for the quarter came in at $893 million, or 74 cents per share, which is a large gain over last year’s Q2 figures of $770 million, or 64 cents per share. Dow’s Q2 results came in above analysts’ expectations of 71 cents EPS on revenues of $14.82 billion.

CEO Commentary

Dow's chairman and CEO Andrew N. Liveris released the following comments: "Our results reflect excellent progress against Dow's near-term priorities, and clearly illustrate our ongoing drive to execute self-help actions that are delivering growth on both the top and bottom line. Our performance highlights the Company- and segment-specific actions we are executing to grow profitability through an intense focus on EVA momentum, and this constant drumbeat has already delivered a more than 150 basis point improvement in return on capital(6) year over year on an adjusted basis. As we drive these ongoing improvements to return on capital, we will further accelerate shareholder value creation and increasingly reward our shareholders – evidenced by the $3 billion we have returned year to date."

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DOW Dividend

Dow Chemical pays its next quarterly dividend of 37 cents on July 30. The stock went ex-dividend on June 26. We expect the company to declare its next dividend in August.

Stock Performance

DOW stock was up 90 cents, or 1.72%, in pre-market trading. YTD, the stock is up 19.22%.

DOW Dividend Snapshot

As of Market Close on July 22, 2014

Click here to see the complete history of DOW dividends.