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 launched new Total Rewards initiatives to support employee caregivers. These include a Childcare Assistance Program providing $1,500 contributions to qualifying employees' Dependent Care Flexible Savings Accounts. Dow has also partnered with Cariloop, offering North American employees access to caregiving resources and support, and TOOTRiS, providing diverse childcare solutions.
The company has set global standards for parental leave, guaranteeing a minimum of 16 weeks for all new parents, regardless of gender or method of welcoming a child. Additionally, Dow offers up to 3 weeks of paid time off for employees to care for sick or injured family members. These initiatives aim to improve employee wellbeing, workforce resilience, and business outcomes.
Dow has been named the #1 Best Workplace in Manufacturing and 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 recognition 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 awards for its strong company culture
- The company's ranking on Best Workplaces lists has improved annually
Dow's success is attributed to its focus on fostering innovation, inclusivity, and sustainability in the workplace. This recognition reflects the company's commitment to creating positive outcomes for employees across all demographics and job roles.
Dow Inc. (NYSE: DOW) has announced its participation in the 12th Annual Morgan Stanley Laguna Conference. Jim Fitterling, the company's chair and CEO, will engage in a fireside chat on Thursday, September 12 at 11:45 a.m. ET. Investors are invited to join the live webcast through Dow's website. For those unable to attend, a replay and transcript will be made available after the event.
This conference provides an opportunity for Dow to share insights with investors and analysts, potentially discussing the company's performance, strategy, and outlook. Participation in such events is often seen as a positive sign of transparency and engagement with the investment community.
Dow and Wilson Sporting Goods have collaborated to innovate in the fast-growing sport of pickleball. Building on their successful partnership in developing the sustainable Triniti tennis ball, the companies have now created the TRU 32 Pro pickleball. This ball, integrated with Dow elastomer technologies, offers enhanced speed and liveliness for competitive play while maintaining consistency.
The collaboration addressed the challenge of producing pickleballs that push playability limits. The result is a USA Pickleball-approved ball for outdoor competitive play, featuring a patented 32-hole pattern for consistent flight and bounce. The partnership has also led to the development of the TRU 32 Indoor ball for indoor play.
This collaboration exemplifies how partnerships can drive innovation in sporting goods, setting new standards in performance and sustainability for racket sports.
Dow (NYSE:DOW) has been recognized in the 2024 R&D 100 Awards, marking its 13th consecutive year of winning this prestigious accolade. The company led the Mechanical/Materials Category with four winning technologies and one finalist, bringing its total to 63 cumulative awards - the most of any company in the award's history. Dow's innovations include:
1. AXELERON™ 6321 BK Telecom Cable Compound
2. DOWSIL™ 2080 Resin
3. DOWSIL™ IE-9100 Emulsion
4. PARALOID™ Additives
5. DIRTSHIELD™ 17 Emulsion (finalist)
These products demonstrate Dow's commitment to superior performance and sustainability across various industries, from telecommunications to clothing and flooring applications.
Louis Vega, Executive Advisor to GLAD (Dow's LGBTQ+ Employee Resource Group), has been inducted into INvolve's Hall of Fame for his outstanding contributions to LGBTQ+ workplace inclusion. Vega's commitment extends beyond Dow, serving on boards of nonprofits like the LGBTQ+ Victory Institute and Athlete Ally. This recognition places him alongside Dow's Chair and CEO, Jim Fitterling, who received the same honor in 2020.
Vega's role at Dow includes active participation in councils promoting belonging and equity across the company. His induction highlights Dow's ongoing commitment to fostering an inclusive workplace environment and supporting LGBTQ+ rights globally. This achievement underscores the importance of corporate leadership in advancing diversity and inclusion initiatives.
Dow has been named one of the 2024 PEOPLE Companies that Care for the fifth consecutive year, ranking #82 out of 100 companies. This recognition is based on over 1.3 million employee survey responses and data from companies representing 8.2 million employees.
CEO Jim Fitterling emphasized that this recognition reflects Dow's commitment to fostering a culture that cares about people, communities, and the environment. The company continues to invest in employee wellbeing through Total Rewards benefits and recently launched a new Childcare Assistance Program for qualifying U.S. employees.
Dow's chief Inclusion officer, Alveda Williams, highlighted the importance of creating a caring environment for employees both at work and at home. The Companies that Care list is highly competitive, with honorees selected based on their ability to offer positive outcomes for employees regardless of demographics.
Dow (NYSE: DOW) has announced a quarterly dividend of 70 cents per share. The dividend will be payable on September 13, 2024, to shareholders of record as of August 30, 2024. This marks a significant milestone for the company, representing the 452nd consecutive dividend paid by Dow or its affiliates since 1912. The consistent dividend payment demonstrates Dow's long-standing commitment to delivering value to its shareholders and reflects the company's financial stability over more than a century.
Dow (NYSE: DOW) has partnered with Cariloop to offer comprehensive caregiver support to its approximately 19,000 North American employees. This initiative enhances Dow's employee wellbeing strategy, addressing needs across various life stages, from new parents to those caring for aging relatives. The Cariloop platform provides:
- A robust content library
- Digital tools for care planning and management
- Access to Care Coaches for personalized guidance
Launched in summer, the service is available at no additional cost to Dow's U.S. and Canada-based employees. This partnership aligns with Dow's commitment to total employee wellbeing, encompassing physical, mental, emotional, financial, and social health.
Dow (NYSE:DOW) has announced the launch of two new grades of REVOLOOP™ Recycled Plastics Resins for non-food contact packaging applications. One grade contains 100% post-consumer recycled (PCR) plastics, while the other is a formulated grade with up to 85% PCR plastics derived from household waste. This expansion aligns with Dow's goal to Transform the Waste and commercialize three million metric tons of circular and renewable solutions annually by 2030.
In collaboration with RKW Group, Dow has developed a collation shrink film containing PCR plastics from household waste, addressing challenges in maximizing recycled plastics for demanding applications. This partnership combines Dow's material science expertise with RKW's extrusion and printing capabilities to create a flexible packaging solution that meets mechanical recyclability requirements and contributes to the circular economy.
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?
