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![Dow Inc. [DOW] reports annual net loss of $660.0 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FDOW.png&w=1200&q=75)
DOW INC. [DOW] has reported a net loss of $660.0 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $44.6 billion
Based in Midland, Michigan, DOW INC. operates in the MANUFACTURING sector.
In the annual report for the year ended December 31, 2023, The Dow Chemical Company reported the following financial results compared to the previous two years:
- Net sales for the year 2023 were $44,622 million, down from $56,902 million in 2022 and $54,968 million in 2021.
- Cost of sales was $39,742 million in 2023, compared to $48,338 million in 2022 and $44,191 million in 2021.
- Net income for the year 2023 was $660 million, a decrease from $4,640 million in 2022 and $6,405 million in 2021.
- Earnings per common share for the year 2023 were $0.82 on a basic and diluted basis, lower than the $6.32 and $6.28 in 2022, and $8.44 and $8.38 in 2021 respectively.
These figures indicate a decrease in net sales, cost of sales, and net income for the year 2023 compared to the previous years. Earnings per share also witnessed a decline over the same period.
It is essential for investors and stakeholders to closely monitor the company's performance and evaluate the reasons behind these changes in financial metrics.
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