Dow Inc. - DOW STOCK NEWS

On June 2, 2022, Jim Fitterling, CEO of Dow (NYSE: DOW), will engage in a fireside chat at the Bernstein 38th Annual Strategic Decisions Conference at 8:00 a.m. ET. Investors can join the live webcast via the company's website. A replay will be available post-event. Dow reported approximately $55 billion in sales for 2021 and aims for global leadership in sustainable materials science.

Dow (NYSE: DOW) has announced that four of its leaders have been recognized on the 2022 Empower Role Model lists, which highlight influential figures promoting workplace inclusivity for people of color. The recognized leaders include CEO Jim Fitterling, President Mauro Gregorio, Chief HR Officer Karen S. Carter, and Global Employee Experience Leader Shruti Bahadur. Dow's commitment to inclusion, diversity, and equity is embodied in its ALL IN 2025 strategy, aiming to create a more equitable workforce. This recognition underscores Dow's efforts toward fostering a diverse and inclusive corporate culture.

Dow (NYSE: DOW) announced expansion of its global alkoxylation capacity in the U.S. and Europe to meet increasing demand across high-growth sectors delivering 10%-15% annual growth rates. This expansion builds on previous capacity increases, resulting in a total growth of 70% since 2020. The new projects, expected to come online in 2024 and 2025, will maintain carbon emissions levels through efficient technology. Dow aims to generate over $150 million in EBITDA by 2025, with returns exceeding 20%.

Dow reported a robust first quarter with GAAP EPS of $2.11 and operating EPS of $2.34, reflecting a 28% increase in net sales to $15.3 billion. Equity earnings stood at $174 million, while operating EBIT rose $865 million year-over-year to $2.4 billion. The company announced a $3 billion share repurchase program, highlighting strong performance despite rising energy costs. Cash flow from operations totaled $1.6 billion, up significantly from the previous year, although it decreased sequentially. Dow looks to sustain these gains amidst ongoing geopolitical challenges.

On April 14, 2022, Dow (NYSE: DOW) reported the outcomes of its 2022 Annual Meeting of Stockholders. Shareholders elected 11 directors to the Board for one-year terms, including Richard K. Davis as independent lead director. An advisory resolution on executive compensation was approved, while a proposal for an Independent Board Chairman was rejected. The appointment of Deloitte & Touche LLP as independent auditor for 2022 was ratified. Dow's Board boasts significant ethnic diversity, with nearly 60% comprising women or U.S. ethnic minorities.

Dow (NYSE: DOW) has approved a new share buyback program for repurchasing up to $3 billion of its common stock, reinforcing its commitment to shareholder value. Additionally, the company declared a quarterly dividend of 70 cents per share, payable on June 10, 2022, with a record date of May 31, 2022. This dividend marks Dow's 443rd consecutive payment. Since April 2019, Dow has returned $8.4 billion to shareholders through buybacks and dividends, exceeding its goal of returning 65% of operating net income over economic cycles.

Dow Inc. (NYSE: DOW) has signed an agreement to acquire a minority stake in the Hanseatic Energy Hub GmbH (HEH), which aims to build a zero-carbon liquefied natural gas (LNG) import terminal in Stade, Germany, by 2026. This terminal is projected to fulfill up to 15% of Germany's natural gas demand, contributing nearly 25% to the U.S.'s goal of exporting 50 billion cubic meters of natural gas annually to Europe by 2030. Dow will provide land and infrastructure for the project, which supports European energy security amidst increasing reliance on natural gas.

The European Commission has chosen Dow's ACCUTRACE™ Plus Fuel Marker as the new common fiscal marker for tax-rebated fuels in the EU. This initiative aims to tackle fuel fraud, which costs EU governments an estimated €7 to €10 billion annually. The new marker shows enhanced resilience against illegal removal techniques compared to previous technologies, following rigorous assessments by the Joint Research Centre and SCHEER. A 24-month transition period has been established for both markers to coexist, ensuring a smooth switch for the industry.

Dow Inc. (NYSE: DOW) announces that Howard Ungerleider, President and CFO, will speak at the J.P. Morgan 2022 Industrials Conference on March 17, 2022, at 11:20 a.m. ET. Investors can join a live webcast on Dow's website. A replay and transcript will be available post-event. Dow is committed to becoming a leader in sustainable materials science, with approximately $55 billion in sales in 2021 and operating 104 manufacturing sites across 31 countries.