Dow Inc. - DOW STOCK NEWS

Dow (NYSE:DOW) has been awarded the Leading Disability Employer Seal by the National Organization on Disability (NOD) for the eighth consecutive year. The recognition is based on the NOD Employment Tracker™, which evaluates business practices in hiring, retention, and advancement of people with disabilities.

The company scored highly in disability employment strategy, practices, and performance. Dow's commitment includes HR policies, talent acquisition programs, and the Disability Employee Network (DEN) employee resource group, which focuses on empowering employees with disabilities and raising awareness. The recognition highlights Dow's ongoing dedication to fostering workplace inclusion, equitable opportunity, and accessibility.

Dow (NYSE: DOW) and Guangdong Delian Group have signed a memorandum of understanding at the 7th China International Import Expo to expand the use of post-consumer recycled (PCR) resins in the automotive market. Delian Group has successfully implemented Dow's REVOLOOP™ Recycled Plastics Resins in auto care product packaging, marking its first commercial application in this sector. The partnership aims to support the industry's transition toward circularity and sustainability, reducing reliance on virgin resins and decreasing packaging's carbon footprint. This collaboration is part of Dow's 'Transform the Waste' initiative, focusing on developing sustainable solutions and promoting a circular economy.

Dow's Dr. Yenny Cubides has been awarded the STAR of Tomorrow Award in the Corporate category by the Society of Hispanic Professional Engineers (SHPE) for her exceptional contributions in Core R&D work. As an associate research scientist at Dow, she has led multiple research projects and leverages her expertise in corrosion and electrochemistry to enhance asset integrity. Dr. Cubides also serves as a recruiter in Dow's BEST Symposium, supporting Black, Latin, and Native American doctoral scientists. The award recognizes STEM employees demonstrating outstanding technical performance and leadership potential. The recognition ceremony will take place at the SHPE National Convention in Anaheim, California.

Dow's Global African Affinity Network (GAAN) celebrates its 25th anniversary as the company's second Employee Resource Group. Established in 1999 as the African American Network, GAAN has grown to include over 5,000 members across 20 chapters globally. The network focuses on professional development, advocacy for equity, and workplace inclusion. Notable achievements include contributing to Dow's talent and supplier diversity strategies, and playing a key role in developing Dow ACTs, a multi-million-dollar initiative addressing systemic racism following the 2020 social justice movements.

Dow announced four leaders have received recognition from the Hispanic Engineers National Achievement Awards Conference (HENAAC) for their STEM excellence. The honorees include Rui Vogt Alves da Cruz (Vice-President of Core R&D) winning Scientist of the Year, along with Juliana Serafim Francisco (Senior Technical Service & Development Leader), Victor Zapata (Senior Global Business Director), and Kyle A. McDonald (Research Scientist) receiving Luminary Awards. These awards distinguish recipients as leading innovators in their fields. The winners will be honored at the 36th annual GMiS Conference in Fort Worth, Texas, November 6-9, 2024.

Dow has outlined its strategy for reducing greenhouse gas emissions and transitioning to clean energy. The company currently sources over 50% of purchased electricity from renewables, with contracted capacity exceeding 1,000 megawatts. Key initiatives include building the world's first net-zero Scope 1 and 2 emissions integrated ethylene facility in Alberta, Canada, which will reduce emissions by approximately 1 million metric tons of CO2e annually while tripling manufacturing capacity. Additionally, Dow partnered with X-energy to implement advanced nuclear technology at their Seadrift, Texas site, expected to reduce emissions by 440,000 MT of CO2e yearly.

Dow announced the winners of the 35th Packaging Innovation Awards at Tokyo Pack 2024, following evaluation by an international jury of 18 experts. The competition recognized 28 winners across Diamond, Platinum, Gold, Silver, and Special Award categories, selected based on technological advancement, sustainability, and enhanced user experience. Panasonic Energy secured the Diamond Award for their paper-based battery bag. Nearly half of this year's submissions came from Asia, highlighting the region's growing influence in packaging innovation. The awards ceremony marked its first-ever hosting in Asia, reflecting the region's significance as a global manufacturing hub.

Dow (NYSE: DOW) reported third quarter 2024 results with operating earnings per share of $0.47, slightly down from $0.48 in the year-ago period. Net sales reached $10.9 billion, up 1% year-over-year, driven by higher sales in U.S. & Canada. Volume increased 1% compared to the year-ago period. Operating EBIT was $641 million, up $15 million year-over-year, primarily due to higher integrated margins in Packaging & Specialty Plastics, partially offset by an unplanned cracker outage in Texas. The company returned $584 million to shareholders through dividends and share repurchases. Management announced a strategic review of select European assets, primarily in the Polyurethanes business.

Dow is advancing sustainable electronics solutions through materials science innovation. The company addresses growing challenges in the electronics industry, particularly focusing on data center efficiency. With data centers accounting for 2% of global electricity usage in 2022 and projected to reach 6% of U.S. electricity consumption by 2026, Dow offers innovative cooling solutions including DOWSIL™ Immersion Cooling Technology, DOWFROST™ LC Heat Transfer Fluid, and DOWSIL™ Thermal Conductive Materials. These solutions aim to enhance performance while reducing energy consumption and environmental impact.