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 Benelux has announced a roadmap to cut CO2 emissions by over 40% at its Terneuzen site by 2030, aiming for net CO2 neutrality by 2050. The plan includes a clean hydrogen plant expected to start up in 2026, which could reduce emissions by 1.4 million tons annually, equating to over 300,000 cars. The initiative will create 3,500 to 4,000 construction jobs and 400 to 500 permanent positions. By 2030, further CO2 capture is planned to avoid another 300,000 tons of emissions. Dow prioritizes sustainability while addressing climate change challenges.
Jim Fitterling, chairman and CEO of Dow (NYSE: DOW), will take part in a virtual fireside chat at the Bernstein 37th Annual Strategic Decisions Conference on June 3 at 8:00 a.m. ET. Investors can access the live webcast through Dow's website, with a replay and transcript available within 48 hours post-event.
Dow aims to be the most innovative and sustainable materials science company, focusing on diverse sectors such as packaging and consumer care, boasting a $39 billion sales figure in 2020.
Dow was honored as the 2021 Manufacturer of the Year, Large Enterprise, by the Manufacturing Leadership Council (MLC). This marks Dow's third win, previously awarded in 2015 and 2017. The award was presented at a virtual gala on May 19, 2021, recognizing companies across various sectors. Dow was also recognized with five additional Manufacturing Leadership Awards, highlighting achievements in Manufacturing 4.0, Supply Chain, and Industrial Internet of Things. Two Dow employees received individual awards for digital leadership. Dow has also been acknowledged for its COVID-19 response initiatives.
Dow (NYSE: DOW) announced recognition for five leaders on the 2021 EMpower Ethnic Minority Role Model lists, highlighting their contributions to diversity in the workplace. Jim Fitterling, CEO, was placed third among advocates, while Mauro Gregorio and Karen S. Carter also earned top positions among executives and future leaders. The company emphasizes its commitment to inclusivity and plans to invest $10 million over five years to support social justice initiatives. Dow aims to leverage diversity as a driver for business success and stakeholder value.
Dow Chemical Company, a subsidiary of Dow Inc. (NYSE: DOW), announced the full redemption of its 3.50% and 3.15% Notes due in October 2024 and May 2024, respectively. This proactive debt management will reduce gross debt by over $1 billion, lowering annual interest expenses by $35 million. The redemptions will occur on May 18 and June 2, 2021. After this action, Dow will have no significant long-term debt maturities until late 2025.
Univar Solutions Inc. (NYSE: UNVR) has entered into a distribution agreement with Dow to market DOWSIL™ and XIAMETER™ silicone-based defoamers for agrochemical applications in Mexico. This collaboration aims to enhance product offerings for the agricultural sector, addressing challenges like excessive foaming that can lead to operational inefficiencies. Jorge Buckup, president of Latin America, emphasized the partnership's goal of innovation and improved efficiency for Mexican growers.
Dow (NYSE: DOW) and Mura Technology have announced a strategic partnership aimed at combating plastic waste through advanced recycling technology. The collaboration will enhance Mura’s HydroPRS™ process, which converts plastics back into chemicals and oils for new products. This initiative is designed to support a circular economy, with the potential to recycle 80,000 tonnes of plastic waste annually. Dow will leverage these recycled materials to produce virgin-equivalent plastics suitable for food-contact packaging. The first HydroPRS™ plant is set to be operational in 2022.
Dow (NYSE: DOW) reported significant financial growth for the quarter, with GAAP EPS of $1.32 and Operating EPS of $1.36, rising from $0.59 year-over-year. Net sales reached $11.9 billion, a 22% increase driven by local price gains. Local price rose 19%, while volume remained stable due to supply constraints. Notably, equity earnings increased by $313 million. The company is contributing $1 billion to U.S. pension plans, reducing its liability by $2.3 billion. Dividend returns to shareholders totaled $521 million.
Dow Inc. (NYSE: DOW) held its 2021 Annual Meeting of Stockholders, where Samuel R. Allen and nine others were elected to the Board of Directors for one-year terms. Stockholders approved key resolutions on executive compensation, the Stock Incentive Plan, and the Employee Stock Repurchase Plan, while rejecting a proposal on shareholder rights. Richard K. Davis was elected as independent lead director. The Board comprises a diverse group of leaders with extensive expertise across various sectors, contributing to Dow's vision of sustainable growth.
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