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) 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.
Dow (NYSE: DOW) has announced a dividend of 70 cents per share, payable on June 11, 2021, to shareholders on record as of May 28, 2021. This marks the 439th consecutive dividend paid since 1912. With a commitment to sustainable growth, Dow operates 106 manufacturing sites across 31 countries and reported sales of approximately $39 billion in 2020. The company aims to enhance its innovation and customer-centric approach while addressing global sustainability challenges.
Howard Ungerleider, president and CFO of Dow (NYSE: DOW), will speak at the J.P. Morgan 2021 Industrials Conference on March 16 at 9:40 a.m. ET. Investors can join the live webcast on Dow's website, with a replay available within 48 hours. Dow aims to be the most innovative materials science company, delivering sustainable solutions across various sectors, including packaging and consumer care. In 2020, the company reported approximately $39 billion in sales and has operations in 31 countries.
Dow (NYSE: DOW) has signed a Memorandum of Understanding with the Zhanjiang Economic and Technological Development Zone to develop the Dow South China Specialties Hub. This multi-year project, with an investment of approximately $250 million, will produce specialty polyurethanes and alkoxylates, enhancing local supply reliability and catering to the evolving demand for high-value chemicals in the Asia Pacific region. The facility aims for a total product capacity of around 250,000 tons while aligning with Dow's commitment to sustainability and advanced manufacturing technologies.
DOW (NYSE: DOW) has announced a dividend of 70 cents per share, payable on March 12, 2021, to shareholders on record as of February 26, 2021. This dividend marks the 438th consecutive payment since 1912, reflecting DOW's commitment to shareholder returns. In 2020, DOW reported sales of approximately $39 billion, operating across 106 manufacturing sites in 31 countries. The company's ambition focuses on becoming a leader in sustainable materials science, delivering innovative solutions across various sectors.
Dow (NYSE: DOW) has nominated Debra L. Dial and Luis A. Moreno for election to its Board of Directors at the Annual Meeting on April 15. Dial has over 20 years of experience in financial leadership at AT&T, while Moreno has extensive knowledge in public policy and sustainable development. This board refreshment aims to enhance diversity and expertise. Current directors Ajay Banga, Jacqueline K. Barton, and James A. Bell will not seek re-election. Dow's board now includes a strong balance of experienced and new directors, contributing to its governance refreshment efforts.
Dow reported GAAP earnings per share of $1.65 and operating EPS of $0.81 for the fourth quarter, influenced by a $0.84 gain from asset sales and a legal matter.
Net sales reached $10.7 billion, marking a 5% year-over-year rise, driven by increased local prices and volumes. Equity earnings increased to $106 million, while GAAP net income reached $1.3 billion. Cash provided by operating activities was $1.7 billion, with free cash flow for the year totaling $5 billion.
The company reduced net debt by $837 million in the quarter, while total cash and available liquidity increased to $14.6 billion.
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?
