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.
Callaway Golf Company (NYSE: ELY) launched its new golf ball lineup, featuring the ERC Soft, Supersoft, and Supersoft MAX. The ERC Soft boasts a High Energy Core for distance, while the Hybrid Cover, made with Dow's PARALOID™, enhances speed and feel. Priced at $34.99 per dozen, it will be available on February 25. The Supersoft line, now upgraded, offers improved control and distance at $22.99 per dozen, available from February 4. Notably, Supersoft MAX focuses on max distance with an oversized design for forgiveness, beneficial for developing golfers.
Dow Inc. (NYSE: DOW) announces that Howard Ungerleider, president and CFO, will engage in a virtual fireside chat at the Citi 2020 Global Basic Materials Virtual Conference on December 1 at 3:00 p.m. ET. Investors are encouraged to participate in the live webcast available on Dow's website, with a replay and transcript accessible within 48 hours post-event. Dow aims to be a leader in sustainable materials science, serving diverse markets with innovative solutions.
Dow (NYSE: DOW) reported a GAAP loss per share of $0.04 for Q3, while operating EPS was $0.50, excluding significant restructuring-related items. Net sales decreased by 10% to $9.7 billion, driven by lower local prices due to declining global energy costs. However, Q3 sales increased 16% sequentially, bolstered by a 9% volume rise. Cash provided by operations stood at $1.8 billion, maintaining liquidity over $13.5 billion, while debt was reduced by $1.8 billion year-to-date. The company also announced a $620 million agreement for divesting marine operations and completed a $315 million asset sale.
Dow (NYSE: DOW) has declared a dividend of 70 cents per share, payable on December 11, 2020, to shareholders recorded as of November 30, 2020. This announcement marks the 437th consecutive dividend paid by the Company since 1912, reflecting Dow’s commitment to returning value to its shareholders. The Company aims to be a leader in sustainable materials science, offering a diverse portfolio in high-growth markets like packaging and consumer care. In 2019, Dow reported sales of approximately $43 billion.
Dow's innovative technologies have received recognition at the R&D 100 Awards, with five products awarded for their revolutionary impact in the field of science and technology. This marks the ninth consecutive year Dow has featured on the R&D 100 list, and it continues to lead the industry by securing more awards than any other company for seven years in a row. Notable innovations include DOWSIL™ EC-6601 Electrically Conductive Adhesive and DOWSIL™ EI-2888 Primerless Silicone Encapsulant, showcasing Dow's commitment to performance and sustainability.
A collaborative effort between Connell and Dow has resulted in the donation of 2 million milliliters of FDA-approved hand sanitizer to Myanmar. The sanitizer, produced locally, consists of 98% ethanol provided by Connell and ACULYN™ 22 from Dow to enhance its feel. This initiative included distribution to four government hospitals and has led to plans for commercial production. Both companies emphasize their commitment to providing quality products during the pandemic.
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