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1/27, 12:15 PM (Source: TeleTrader)
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Dow Inc.'s Q4 revenue up by 34% to $14.4 billion

Dow Inc. announced on Thursday its net sales in the fourth quarter of the fiscal year 2021 observed a rise of 34% to come in at $14.4 billion. The chemical company's net income stood at $1.76 billion, growing by 40% in comparison to the same trimester in 2020. Meanwhile, its diluted earnings per share (EPS) went up by 40.6% year-on-year to $2.32 per share.

"In the fourth quarter, Team Dow once again delivered top- and bottom-line growth year-over-year across all operating segments. Underlying demand strength and continued operating discipline enabled us to overcome supply and logistics constraints as well as higher raw material and energy costs," Dow Chairman and Chief Executive Officer (CEO) Jim Fitterling (pictured) commented on the results.

Following the release of the report, the company's shares gained 2.24% in premarket trading.

Baha Breaking News (BBN) / JR