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4/21, 12:03 PM (Source: TeleTrader)
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Dow Inc.'s Q1 sales rose by 28% to $15.3 billion

Dow Inc. published on Thursday that net sales in the first quarter of fiscal 2022 rose 28% to $15.3 billion, showing profits in all of its operating segments, businesses, and regions.

The chemical company's net income stood at $1.55 billion, higher than $1 billion compared to the same trimester in 2021. The company's diluted earnings per share (EPS) increased from $1.32 to $2.11 per share.

"Despite higher energy costs, we captured healthy end-market demand and achieved solid volume growth, price gains, and margin expansion," said Jim Fitterling, Chairman and Chief Executive Officer. "We also recently announced a new $3 billion share repurchase program – a direct result of our performance as well as our balanced and disciplined capital allocation approach."

At the time the results were released, the company was up 2.22% in pre-market trading.

Baha Breaking News (BBN) / JG