Dow Inc. (NYSE:DOW) Q3 2024 Earnings Conference Call October 24, 2024 8:00 AM ET

Company Participants

Andrew Riker - IR, VP
Jim Fitterling - Chair and CEO
Jeff Tate - CFO

Conference Call Participants

Vincent Andrews - Morgan Stanley
Hassan Ahmed - Alembic Global
Richard Garchitorena - Wells Fargo Securities
Jeff Zekauskas - JPMorgan
Bhavesh Lodaya - BMO Capital Markets
David Begleiter - Deutsche Bank
Steve Byrne - Bank of America
Josh Spector - UBS
Chris Parkinson - Wolfe Research
Patrick Cunningham - Citi
Kevin McCarthy - Vertical Research Partners
Frank Mitsch - Fermium Research
John Roberts - Mizuho
Mike Leithead - Barclays
Duffy Fischer - Goldman Sachs
Matthew Blair - TPF
Aleksey Yefremov - KeyBanc
Laurence Alexander - Jefferies
Arun Viswanathan - RBC Capital Markets

Operator

Greetings, and welcome to the Dow Third Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode. A brief question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded.

I will now turn it over to Dow Investor Relations' Vice President, Andrew Riker. Mr. Riker, you may now begin.

Andrew Riker

Good morning. Thank you for joining today. The accompanying slides are provided through this webcast and posted on our website. I'm Andrew Riker, Dow's Investor Relations Vice President. Leading today's call are Jim Fitterling, Chair and Chief Executive Officer; and Jeff Tate, Chief Financial Officer.

Please note our comments contain forward-looking statements and are subject to the related cautionary statement contained in the earnings news release and slides. Please refer to our public filings for further information about principal risk and uncertainties. Unless otherwise specified, all financials where applicable, exclude significant items.

We will also refer to non-GAAP measures. A reconciliation of the most directly comparable GAAP financial measure and other associated disclosures are contained in the earnings news release and slides that are posted on our website. On Slide 2, is our agenda for today's call. Jim will review our Q3 results, operating segment performance and some key updates regarding the strategic asset review we announced today.

Jeff will then share an update on the macroeconomic environment and provide fourth quarter modeling guidance, followed by a discussion on our financial position and progress on Dow's growth investments. Jim will close the call and following that we will take your questions. Now, let me turn the call over to Jim.

Jim Fitterling

Thank you, Andrew. Beginning on Slide 3, our cost advantage footprint in the Americas continues to provide strong competitive edge capturing demand growth in attractive markets and regions. In the third quarter, Team Dow delivered our fourth consecutive quarter of year-over-year volume growth. We delivered this despite a soft macroeconomic environment, primarily in Europe and China, as well as an unplanned cracker outage in Texas, which has been successfully restarted and is running well.