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 has outlined its strategy for reducing greenhouse gas emissions and transitioning to clean energy. The company currently sources over 50% of purchased electricity from renewables, with contracted capacity exceeding 1,000 megawatts. Key initiatives include building the world's first net-zero Scope 1 and 2 emissions integrated ethylene facility in Alberta, Canada, which will reduce emissions by approximately 1 million metric tons of CO2e annually while tripling manufacturing capacity. Additionally, Dow partnered with X-energy to implement advanced nuclear technology at their Seadrift, Texas site, expected to reduce emissions by 440,000 MT of CO2e yearly.
Dow announced the winners of the 35th Packaging Innovation Awards at Tokyo Pack 2024, following evaluation by an international jury of 18 experts. The competition recognized 28 winners across Diamond, Platinum, Gold, Silver, and Special Award categories, selected based on technological advancement, sustainability, and enhanced user experience. Panasonic Energy secured the Diamond Award for their paper-based battery bag. Nearly half of this year's submissions came from Asia, highlighting the region's growing influence in packaging innovation. The awards ceremony marked its first-ever hosting in Asia, reflecting the region's significance as a global manufacturing hub.
Dow (NYSE: DOW) reported third quarter 2024 results with operating earnings per share of $0.47, slightly down from $0.48 in the year-ago period. Net sales reached $10.9 billion, up 1% year-over-year, driven by higher sales in U.S. & Canada. Volume increased 1% compared to the year-ago period. Operating EBIT was $641 million, up $15 million year-over-year, primarily due to higher integrated margins in Packaging & Specialty Plastics, partially offset by an unplanned cracker outage in Texas. The company returned $584 million to shareholders through dividends and share repurchases. Management announced a strategic review of select European assets, primarily in the Polyurethanes business.
Dow is advancing sustainable electronics solutions through materials science innovation. The company addresses growing challenges in the electronics industry, particularly focusing on data center efficiency. With data centers accounting for 2% of global electricity usage in 2022 and projected to reach 6% of U.S. electricity consumption by 2026, Dow offers innovative cooling solutions including DOWSIL™ Immersion Cooling Technology, DOWFROST™ LC Heat Transfer Fluid, and DOWSIL™ Thermal Conductive Materials. These solutions aim to enhance performance while reducing energy consumption and environmental impact.
Dow, a leading materials science company, is innovating for packaging circularity through its REVOLOOP™ Recycled Plastic Resins. This global line of mechanically recycled plastic resins incorporates up to 100% recycled content, helping customers meet circularity and low-carbon targets. Dow aims to deliver 3 million metric tons of circular and renewable solutions annually by 2030.
The company is collaborating with partners worldwide to manage post-consumer recycled (PCR) plastic as a valuable resource. This includes investing in technologies for large-scale mechanical recycling, enhancing waste management infrastructure, and working with brands and manufacturers to design for circularity. Dow's partnerships span the entire value chain, from supporting waste picker cooperatives to developing PCR packaging applications with flexible film manufacturers globally.
Dow has been named the #1 Best Workplace in Manufacturing & Production for 2024 by Great Place To Work® and Fortune magazine. This marks Dow's fourth consecutive year on the list and its first time at the top. The award is based on survey responses from over 96,000 employees in the industry.
Key highlights:
- 76% of Dow employees consider it a great place to work, compared to 57% at typical U.S. companies
- Dow has consistently received recognition for its strong company culture
- The company has been named to several prestigious lists, including World's Best Workplaces™ 2023 and 100 Best Companies to Work For® for four consecutive years
This recognition underscores Dow's commitment to fostering a workplace that prioritizes innovation, inclusivity, and sustainability.
Dow's MobilityScience™ team is working with automotive industry partners to accelerate a smarter, safer, and more sustainable vision for mobility. The company is focusing on addressing climate protection, circular economy, and safer materials across a vehicle's lifecycle. Dow aims to decarbonize manufacturing facilities and develop innovative products to help customers reduce greenhouse gas emissions.
A key challenge is improving battery performance for electric vehicles. Dow offers thermal interface solutions using silicones and polyurethanes to enhance battery pack development, potentially contributing to longer-range, better-performing, and more economical electric and hybrid vehicles. The company is committed to driving the transition to low- and zero-emission, energy-efficient, and affordable vehicles for a net-zero future.
Dow (NYSE: DOW) has announced a quarterly dividend of 70 cents per share. The dividend will be payable on December 13, 2024, to shareholders of record as of November 29, 2024. This marks the 453rd consecutive dividend paid by Dow or its affiliates since 1912, highlighting the company's long-standing commitment to returning value to shareholders.
Dow is taking climate action through investments, innovation, and collaboration to contribute to a low-carbon economy. The company's decarbonization roadmap includes:
- Investing in scalable technologies to reduce greenhouse gas (GHG) emissions from operations
- Building the world's first net-zero-emissions integrated ethylene cracker and derivatives site in Fort Saskatchewan, Alberta
- Reducing GHG emissions by 15% between 2005-2020
- Aiming to reduce net annual scopes 1 and 2 emissions by an additional 5 million metric tons annually (~15%) by 2030 from 2020 baseline
Dow believes in decarbonizing while creating business value, emphasizing the need to grow while reducing emissions. The company is focusing on investing in manufacturing operations, innovating with customers, and collaborating across the value chain to contribute to a more sustainable future.
Dow (NYSE:DOW) announced over $9 million CAD in community investments in Alberta, coinciding with its Fort Saskatchewan Path2Zero expansion project. The investments include:
1. $6.8 million CAD for Fort Saskatchewan's new aquatics facility and Access for Everyone program
2. $2 million CAD for the Fort Saskatchewan Nourishment Centre
3. $350,000 CAD for Ducks Unlimited's Prairie Potholes conservation project
4. $150,000 CAD for STEM and skilled trades education for Indigenous students
These investments align with Dow's commitment to positively impact local communities and the environment. The Path2Zero project aims to create the world's first net-zero emissions integrated ethylene cracker and derivatives site for Scopes 1 and 2 emissions, demonstrating Dow's focus on decarbonization and sustainable growth.
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