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.
On October 6, 2021, Dow announced plans to achieve over $3 billion in additional underlying EBITDA growth while maintaining capital expenditures at or below depreciation levels. Short-term investments are expected to generate $2 billion in EBITDA, and a net-zero carbon emissions ethylene complex aims for an additional $1 billion annually by 2030. Dow's digitalization and restructuring initiatives target $600 million in EBITDA. The company is committed to reducing net annual carbon emissions by 30% by 2030 and plans to allocate $1 billion in annual capex toward decarbonization efforts.
Health Supply US (HSUS) has successfully delivered over 8.7 million American-made medical isolation gowns within the last year to replenish the Strategic National Stockpile. In September 2020, HSUS was awarded $194 million in contracts from the U.S. Defense Logistics Agency to manufacture these gowns domestically. The company has made significant investments in equipment and workforce training to boost production capabilities, partnering with Dow Inc. (DOW) to enhance efficiency. HSUS emphasizes its commitment to supporting domestic manufacturing amid changes to the Buy American Act.
On September 9, 2021, Dow announced that four of its leaders were recognized on the 2021 HERoes Women Role Model lists, highlighting their commitment to gender diversity in the workplace. Jane Palmieri, Howard Ungerleider, Margherita Fontana, and Eunice Heath received accolades as executives and future leaders. Dow's strategy integrates inclusion and diversity into its business, aiming to enhance employee engagement and representation of underrepresented groups. The company generated approximately $39 billion in sales in 2020 and operates 106 manufacturing sites globally.
Dow (NYSE: DOW) announced a $2 million contribution to support relief and recovery efforts in Louisiana following Hurricane Ida. The donation aims to assist impacted communities as well as Dow employees affected by the storm. The company is collaborating with local and national partners to provide immediate services and aid, including offering interest-free loans and temporary housing for employees. Dow emphasizes its commitment to community resilience and ongoing support as recovery efforts progress.
The Dow Chemical Company has set pricing terms for cash tender offers to purchase up to $1.48 billion of its and Rohm & Haas's debt securities. The Tender Offers will accept specified series of Notes, with an early settlement date anticipated on August 31, 2021. Notably, the aggregate purchase price exceeded the maximum tender amount, leading to prorated selections among various Notes. The company has not accepted certain Notes due to tender conditions and reserves the right to amend the offers at any time.
The Dow Chemical Company has initiated cash tender offers to purchase its debt securities and those of its subsidiary, Rohm and Haas, totaling up to $1.48 billion. This strategic move aims to reduce Dow's gross debt by approximately $1 billion and lower annual interest expenses by over $60 million, enhancing financial flexibility. The offers are set to expire on September 13, 2021. Tendering holders will receive special premiums if they act before August 27, 2021, with specific acceptance priority levels for different note series outlined.
Dow has declared a dividend of 70 cents per share, payable on September 10, 2021, to shareholders of record as of August 31, 2021. This marks the 440th consecutive dividend payment since 1912, highlighting the company’s commitment to return value to shareholders. Dow aims to become a leading sustainable materials science company and reported sales of approximately $39 billion in 2020, operating 106 manufacturing sites globally.
Dow has been recognized for the first time on Seramount's 2021 Inclusion Index, highlighting its commitment to diversity and inclusion. This index evaluates organizations on practices related to the recruitment and advancement of underrepresented groups, corporate culture, and demographic data. A total of 193 organizations participated, showcasing opportunities for better diversity strategies. Earlier this year, Dow was also included in the Great Place to Work® and Fortune 100 Best Companies to Work For® list and the Bloomberg Equality Index.
FAQ
What is the current stock price of Dow (DOW)?
What is the market cap of Dow (DOW)?
What does Dow Inc. specialize in?
What are Dow Inc.'s core business segments?
How does Dow Inc. contribute to sustainability?
What recent financial highlights has Dow Inc. reported?
What strategic projects is Dow Inc. currently undertaking?
How does Dow Inc. support a circular economy?
What is Dow Inc.'s approach to innovation?
How many countries does Dow Inc. operate in?
What is Dow Inc.'s commitment to shareholders?
Where can I learn more about Dow Inc.'s sustainability initiatives?
