The Dow Chemical Company announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net sales of $13,020 million against $11,462 million a year ago. Loss before income taxes was $198 million against income of $4,148 million a year ago. Net loss attributable to company common stockholders was $33 million against income of $3,527 million a year ago. Diluted loss per share were $0.03 against income of $2.94 a year ago. Capital expenditures were $927 million against $886 million a year ago. EBITDA was $783 million against $4,963 million a year ago. GAAP results in the quarter were impacted by Certain Items, primarily due to a voluntary change in accounting policy for asbestos-related matters and charges for legacy environmental remediation activities.

For the full year, the company reported net sales of $48,158 million against $48,778 million a year ago. Income before income taxes was $4,413 million against $9,930 million a year ago. Net income attributable to company common stockholders was $3,978 million against $7,345 million a year ago. Diluted earnings per share were $3.52 against $6.15 a year ago. Capital expenditures were $3,804 million against $3,703 million a year ago. EBITDA was $8,026 million against $13,326 million a year ago.

The company provided capital expenditures guidance for the full year of 2017. CapEx for 2017 will be down when compared to the 2016.