Dow posts Q1 2025 GAAP net loss of $290 million; operating EPS falls to $0.02
Dow reported first-quarter 2025 net sales of $10.4 billion, down 3% year-over-year, and a GAAP net loss of $290 million, or $0.44 per share. Operating earnings per share were $0.02, compared with $0.56 a year earlier. The company also announced cost cuts, a delayed Canadian project, a broader European asset review, and about $6 billion in planned cash support, which shareholders should weigh against the weaker results.
Key points
- Net sales were $10.4 billion, down 3% year-over-year, while volume rose 2% and local price fell 3%.
- GAAP net loss was $290 million ($0.44 per share), compared with net income of $538 million a year earlier.
- Operating EPS was $0.02 versus $0.56 a year earlier; Op. EBIT was $230 million, down $444 million.
- A first tranche of $2.4 billion from a minority stake sale to Macquarie Asset Management is anticipated at closing on May 1.
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 24, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.