Dow will host a live Webcast of its fourth quarter earnings conference call with investors to discuss its results, business outlook and other matters today at 9:00 a.m. ET on www.dow.com.
|(1)||“Adjusted earnings per share” is defined as earnings per share excluding the impact of “Certain Items.” See Supplemental Information at the end of the release for a description of these items, as well as a reconciliation of adjusted earnings per share to “Earnings per common share - diluted.”|
|(2)||EBITDA is defined as earnings (i.e., “Net Income”) before interest, income taxes, depreciation and amortization. A reconciliation of EBITDA to "Net Income (Loss) Available for The Dow Chemical Company Common Stockholders" is provided following the Operating Segments table.|
|(3)||Adjusted EBITDA is defined as EBITDA excluding the impact of “Certain Items.”|
|(4)||Adjusted EBITDA margin is defined as EBITDA excluding the impact of Certain Items as a percentage of reported sales.|
|(5)||“Adjusted sales” is defined as “Net Sales” excluding sales related to prior-period divestitures.|
|(6)||“Adjusted volume” is defined as reported volume excluding the impact of prior-period divestitures.|
|(7)||“Adjusted price” is defined as reported price excluding the impact of prior-period divestitures.|