3Q 2022 Results
3Q 2022 PERFORMANCE OVERVIEW
■ Net sales were $14.1B
➤ Market conditions in EMEAI led sales and volume declines YoY and QoQ
Strength in higher-margin functional polymers and performance silicones
➤Local price increased 3% YoY and declined 6% QoQ
➤ U.S. dollar strength impacted sales by 4% YoY and 1% QoQ
■ Operating EBIT was $1.2B
➤ Margin compression due to higher energy costs primarily in EMEAI
■ Generated $1.9B of cash flow from operating activities -
continuing operations
Cash conversion of 104% in the quarter
Returned $1.3B to shareholders, including $800MM in share
repurchases and $493MM in dividends in the quarter
$14.1B
NET SALES
$1.9B
OPERATING EBITDA
$1.5B
FREE CASH FLOW
$1.3B
RETURNED TO
SHAREHOLDERS
DOW
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