Welcome to our dedicated page for Dow news (Ticker: DOW), a resource for investors and traders seeking the latest updates and insights on Dow stock.
Dow Inc. (NYSE: DOW) is a leading materials science company harnessing the power of science and technology to drive innovation and address global challenges. With a rich history dating back to its formation from DowDuPont in 2019, Dow operates in around 180 countries, offering over 6,000 technology-based product families. The company's diverse portfolio includes specialty chemicals, advanced materials, agrosciences, and plastics, serving high-growth sectors such as packaging, electronics, water, coatings, and agriculture.
Dow's core businesses span several segments:
- Packaging & Specialty Plastics: This segment focuses on various applications, from flexible food packaging to specialty polymers. Despite recent challenges like reduced energy and feedstock costs, the segment continues to maintain robust demand in flexible food and specialty packaging.
- Industrial Intermediates & Infrastructure: Serving industries like polyurethanes, construction chemicals, and industrial solutions, this segment has seen gains in areas such as polyurethanes and construction chemicals, driven by improved equity earnings and operational efficiencies.
- Performance Materials & Coatings: Catering to consumer solutions and coatings, this segment has shown resilience with volume gains, driven by improved demand across all regions and end-markets, particularly in siloxanes and personal care applications.
Dow is deeply committed to sustainability, as evidenced by its strategic initiatives such as Decarbonize & Grow and Transform the Waste. The company aims to capture more than $3 billion in underlying earnings improvement annually by 2030 through these initiatives. Dow is also advancing circular economy solutions, partnering with organizations like Freepoint Eco-Systems to convert plastic waste into valuable materials.
Recent milestones highlight Dow's strategic focus and financial discipline. In the first quarter of 2024, the company achieved volume growth and margin expansion, returning $693 million in cash to shareholders. New projects like the propylene glycol capacity expansion in Thailand and the VORATRON™ Polyurethane Systems production line in Germany exemplify Dow's commitment to innovation and meeting market demands.
Dow's forward-looking strategy is underscored by its continued investment in high-value growth areas, operational excellence, and sustainability. The company's operational and financial discipline ensures robust cash flow, margins, and returns, positioning it well for future growth and value creation.
Dow (NYSE: DOW) reported a strong fourth quarter with GAAP earnings per share of $2.32 and operating EPS of $2.15, marking a significant increase from $0.81 year-over-year. Net sales rose 34% to $14.4 billion. However, sequentially, sales declined by 3% due to supply constraints. Equity earnings reached $224 million, while cash flow from operations was $2.6 billion. The company returned $912 million to shareholders via dividends and share repurchases. CEO Jim Fitterling emphasized a focus on sustainability and growth amidst ongoing supply chain challenges.
New Hope Energy has signed a multi-year offtake agreement with Dow (NYSE: DOW) to supply pyrolysis oil feedstock from recycled plastics in North America. This partnership aims to enhance Dow's capacity for circular plastics and showcases New Hope's innovative circular technology. The feedstock will be produced at New Hope's Trinity Oaks facility in Tyler, Texas, which is currently undergoing expansion, with completion expected in late 2022. This collaboration emphasizes the importance of sustainable practices in plastic waste management.
Dow Inc. will participate in the Citi 2021 Global Basic Materials Virtual Conference on December 1 at 8:00 a.m. EST. Howard Ungerleider, president and CFO, will lead a fireside chat discussing the company’s strategy and goals.
Investors can join the event via Dow's website, with a replay and transcript available within 48 hours post-event. Dow aims to be a leading materials science company, focusing on sustainability and innovation.
Dow has partnered with Meijer to develop a sustainable paving technique that utilizes approximately 12,500 pounds of recycled plastic bags, equating to 944,000 plastic grocery bags, for a new parking lot at Meijer’s Holland, Mich. supercenter. This pilot project aims to enhance durability using recycled polymer modified asphalt (RPMA) technology. This initiative demonstrates Dow’s commitment to sustainability, aiming to collect and recycle 1 million metric tons of plastic by 2030.
Covia has announced the appointment of Duncan Stuart as Executive Vice President, Chief Legal Officer & Secretary, effective immediately. Mr. Stuart brings 28 years of senior legal experience from The Dow Chemical Company, where he held roles including Deputy General Counsel. His diverse background spans Mergers & Acquisitions, Corporate Transactions, and Intellectual Property. Chairman Shawn Williams expressed confidence in Mr. Stuart's potential contributions to Covia's leadership and strategy.
On October 28, 2021, Dow (NYSE: DOW) announced that two of its innovative technologies were recognized with R&D 100 Awards, which celebrate the top 100 revolutionary technologies introduced annually. Since 2012, Dow has received 49 R&D 100 awards, more than any other company. The award-winning technologies this year include DOWSIL™ TC-4060 Thermal Gel, a high thermal conductivity gel for heat dissipation, and Multi-functional Sorbent Technology (MUST), designed to remove heavy metals from contaminated water sources.
Dow reported a robust financial performance with GAAP earnings per share (EPS) of $2.23 and Operating EPS of $2.75, marking substantial growth from $0.50 in the previous year. Net sales for the quarter reached $14.8 billion, a 53% increase year-over-year. Local prices surged 50% due to tight supply/demand dynamics. Operating EBIT rose to $2.9 billion, while cash provided by operations was $2.7 billion. The company reduced gross debt by over $1.1 billion and returned $918 million to shareholders through dividends and share repurchases.
Dow has declared a quarterly dividend of 70 cents per share, scheduled for payment on December 10, 2021. Shareholders of record by November 30, 2021 will be eligible. This dividend marks the 441st consecutive payout since 1912, showcasing Dow's commitment to returning value to shareholders. Dow's business strategy focuses on sustainable growth through innovation in materials science, with a reported sales figure of approximately $39 billion in 2020.
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