Dow Q1 Earnings: Higher Margins Offset Revenue & EBITDA Decline, Management Confident Of Dow-Dupont Merger Synergies
The Dow Chemical Company (NYSE:DOW) released its 2016 first quarter earnings report recently. [1] Dow management spoke briefly about the proposed merger with DuPont (NYSE:DD), stating that the companies’ estimates of $3 billion in cost synergies is their most conservative estimate. [2] DuPont management had earlier stated on the company’s Q1 earnings call that it was confident the deal will be completed in the second half of 2016. [3] As for the quarter in question, Dow was able to grow its earnings through margin expansion despite a decline in revenues & EBITDA. Q1 2016 was Dow’s 14th consecutive quarter of year-on-year adjusted EBITDA margin expansion.
The following table provides an overview of the company’s earnings.
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Have more questions about Dow Chemical Company? See the links below:
- What’s Dow Chemical’s Revenue & EBITDA Breakdown In Terms Of Different Products?
- What’s Dow Chemical’s Fundamental Value Based On Expected 2016 Results?
- How Has Dow Chemical’s Revenue Composition Changed In The Last Five Years?
- What Has Led To A ~9% Decrease In Dow Chemical’s Revenues In The Last Five Years?
- How Much Can Dow Chemical’s Revenues Grow Over the Next Five Years?
Notes:
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Notes:- Dow Reports First Quarter Results, April 28, 2016, Dow Investor Relations [↩]
- The Dow Chemical (DOW) Andrew N. Liveris on Q1 2016 Results – Earnings Call Transcript, April 29, 2016, Seeking Alpha [↩]
- DuPont’s (DD) CEO Ed Breen on Q1 2016 Results – Earnings Call Transcript, April 26, 2016, Seeking Alpha [↩]