DOW CHEMICAL CO /DE/
For the period ended Mar 31, 2026. Filed Apr 24, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 24, 2026
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Earnings Per Share Calculations
NOTE 7 –EARNINGS PER SHARE CALCULATIONS
The following tables provide earnings per share calculations for Dow Inc. for the three months ended March 31, 2026 and 2025. Earnings per share of TDCC is not presented as this information is not required in financial statements of wholly owned subsidiaries.
| Net Loss for Earnings Per Share Calculations | Three Months Ended | |
|---|---|---|
| In millions | Mar 31, 2026 | Mar 31, 2025 |
| Net loss | $(445) | $(290) |
| Net income attributable to noncontrolling interests | 88 | 17 |
| Net income attributable to participating securities 1 | 2 | 3 |
| Net loss attributable to common stockholders | $(535) | $(310) |
- Restricted stock units are considered participating securities due to the Company's practice of paying dividend equivalents on unvested shares.
| Loss Per Share - Basic and Diluted | Three Months Ended | |
|---|---|---|
| Dollars per share | Mar 31, 2026 | Mar 31, 2025 |
| Loss per common share - basic | $(0.74) | $(0.44) |
| Loss per common share - diluted | $(0.74) | $(0.44) |
| Share Count Information | Three Months Ended | |
|---|---|---|
| Shares in millions | Mar 31, 2026 | Mar 31, 2025 |
| Weighted-average common shares outstanding - basic | 721.2 | 706.9 |
| Plus dilutive effect of equity compensation plans 1 | — | — |
| Weighted-average common shares outstanding - diluted | 721.2 | 706.9 |
| Stock units excluded from EPS calculations 2 | 23.2 | 14.9 |
The three months ended March 31, 2026 and 2025 reflect a net loss and, as such, the basic share count was used for purposes of calculating earnings per share on a diluted basis.
These outstanding stock units were excluded from the calculation of diluted earnings per share because the effect of including them would have been antidilutive.
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