Dow Inc. (NYSE:DOW) shares are trading higher on Thursday after the company reported second-quarter earnings results. Adjusted EPS of $1.44, surpassing the $1.28 analyst estimate. Revenue rose 20% year over year (Y/Y) to $12.09 billion, ahead of the $12.03 billion consensus forecast.The increase was primarily due to a 20% rise in local pricing, led by higher polyethylene prices, while volumes declined 1% because of planned maintenance in Packaging & Specialty Plastics.Management noted that supportive market conditions and stronger-than-expected self-help initiatives helped improve earnings performance. Profitability and Cost SavingsOperating EBITDA rose significantly to $2.3 billion from $703 million a year ago due to earnings growth, margin expansion, and cash generation. Operating cash flow from continuing operations totaled $1.3 billion, reflecting improved earnings despite higher working capital needs. The company also returned $253 million to shareholders through dividends during the quarter.The company achieved more than $300 million in quarterly benefits from self-help initiatives. The company completed its $1 billion 2025 cost-savings program.Dow continues to prioritize growth in higher-value markets, portfolio optimization, and disciplined capital allocation, with no major debt maturities until 2029. During the quarter, it shut a high-cost siloxanes unit in the U.K. and restarted its lowest-cost European cracker in Terneuzen.Strong Sales Across Segment