Dow Chemical Beats Earnings Expectations, But Misses Revenue Estimates

Discussion in 'Stock Market Forum' started by PaulSchinider, Apr 24, 2014.

  1. PaulSchinider

    PaulSchinider Well-Known Member

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    Dow Chemicals has reported its financial results for the first quarter of 2014, which reveal that it beat earnings estimates on the back of an expansion in key businesses’ margins

    The Dow Chemical Company (DOW), the largest American chemical company by revenues, has reported its performance results for the first quarter of its 2014 fiscal year (1QFY14; ended March 31, 2014). The company has posted earnings of 79 cents a share, which top analyst estimates by eight cents. The earnings beat comes even though Dow Chemical’s topline has missed revenue estimates by $260 million. The company has reported sales of $14.46 billion for the quarter.

    Revenues in the quarter reported were up almost 1% year-over-year (YoY) on the back of higher prices and stronger volumes of products sold under its Coatings and Infrastructure Solutions businesses. The company’s stronger-than-expected earnings came on the back of an expansion in key businesses’ operating margins. Adjusted earnings, too, were up by around 15% over last year’s quarter to 70 cents per share.

    Dow Chemical’s gross margin expanded 30 basis points to 18.1% in 1QFY14 on lower costs of sales, while its adjusted EBITDA margin expanded 60 basis points YoY to 16.6%. Cash flows from operations swelled almost 30% YoY.
     
  2. PaulSchinider

    PaulSchinider Well-Known Member

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    Dow Chemicals has reported its financial results for the first quarter of 2014, which reveal that it beat earnings estimates on the back of an expansion in key businesses’ margins
     
  3. PaulSchinider

    PaulSchinider Well-Known Member

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    Dow Chemicals has posted earnings of 79 cents a share, which top analyst estimates by eight cents.
     
  4. PaulSchinider

    PaulSchinider Well-Known Member

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    Dow Chemicals has reported sales of $14.46 billion for the quarter.
     
  5. PaulSchinider

    PaulSchinider Well-Known Member

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    Dow Chemical revenues in the quarter reported were up almost 1% year over year on the back of higher prices and stronger volumes of products sold under its Coatings and Infrastructure Solutions businesses
     
  6. PaulSchinider

    PaulSchinider Well-Known Member

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    Dow Chemical stronger than expected earnings came on the back of an expansion in key businesses’ operating margins
     
  7. PaulSchinider

    PaulSchinider Well-Known Member

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    Dow Chemical’s gross margin expanded 30 basis points to 18.1% in first quarter FY14 on lower costs of sales.
     
  8. wanderingwildman

    wanderingwildman Well-Known Member

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    That is quite the impressive first quarter. I am glad to see many organizations exceeded outcomes in the first quarter. Is this just delaying an inevitable crash? What do you think?
     
  9. PaulSchinider

    PaulSchinider Well-Known Member

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    Dow Chemical’s revenue growth was driven by the strong performance of Dow Chemical’s Performance Plastics business, which saw sales rise 3% over last year
     
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