4/30, 12:29 PM (Source: TeleTrader)
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Chart for: Dow Inc

Dow Inc posts EPS at $0.32 in Q1, up 33% YoY

Dow Inc published on Thursday its financial report for the first quarter of fiscal 2020 that showed the company's diluted earnings per share (EPS) climbed 33.3% annually to $0.32. The Michigan-based firm said its net sales landed at $9.77 billion, dropping 12.8% compared to the same trimester last year, while cash provided by operating activities – continuing operations stood at $1.2 billion, up by $193 million or 19.2% on an annual basis.

"We ended the first quarter with $12 billion of committed liquidity, including $3.6 billion in cash, and an improved debt profile. Our results reflected continued prioritization of a flexible capital structure, solid cash flow generation, and execution on our non-operational cash actions," the company's Chairman and Chief Executive Officer Jim Fitterling (pictured) said in a statement.

The Dow's shares modestly increased in premarket trade following the announcement.

Breaking the News / GA