Dow Inc. - DOW STOCK NEWS

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.

Dow (NYSE: DOW) reported its Q2 2024 results with operating earnings per share of $0.68, down from $0.75 in the year-ago period but up from $0.56 in Q1 2024. Net sales were $10.9 billion, down 4% year-over-year but up 1% sequentially. The company saw volume increases of 1% both year-over-year and sequentially, with gains in most regions. Operating EBIT was $819 million, down $66 million year-over-year but up $145 million sequentially. Dow returned $691 million to shareholders through dividends and share repurchases. The company noted slower-than-expected global macroeconomic recovery but remains focused on working capital, cost reduction, and matching operating rates to current demand.

A lawsuit filed in Kanawha County, West Virginia, alleges that Dow Chemical (NYSE: DOW), its Union Carbide subsidiary, Bayer Crop Science LP, and other companies caused Charleston resident Cathy Darlene Flint to contract multiple myeloma after prolonged exposure to ethylene oxide (EtO). The lawsuit, led by environmental attorney Stuart Calwell, claims that EtO, a known carcinogen, is found in high concentrations in the area due to the defendants' negligence in producing, storing, and using the chemical.

The suit also targets healthcare facilities for allegedly releasing EtO during medical equipment sterilization without proper pollution controls. The EPA identifies the area around Flint's home as being in the 95th to 100th percentile of Air Toxics Cancer Risks. The case seeks damages for health impacts and aims to achieve justice for other affected residents.

Dow (NYSE:DOW) has launched NORDEL™ REN EPDM, a bio-based version of its EPDM rubber material used in automotive, infrastructure, and consumer applications. This new product aims to support industries in lowering their Scope 3 emissions and achieving sustainability goals. Key features include:

- Made from bio residues from other industries, avoiding competition with food resources
- Produced through an ISCC PLUS certified mass balance system
- Offers identical performance to virgin material without requalification
- Part of Dow's commitment to deliver 3 million metric tons of circular and renewable solutions by 2030

The production process uses 24% less energy and has a 39% lower carbon footprint compared to conventional methods, as validated by a third-party life cycle analysis.

Dow (NYSE:DOW) and Fiori Group have signed a memorandum of understanding (MoU) to develop sustainable solutions for circularity in the mobility market. The partnership aims to create a new ecosystem for recycling end-of-life (EOL) vehicle parts and materials. Key aspects of the collaboration include:

1. Analyzing the dismantling process and its impact on EOL waste fraction quality.
2. Creating a new ecosystem business model under a 'test and learn' practice.
3. Leveraging Fiori Group's expertise in recycling and Dow's MobilityScience™ capabilities.
4. Focusing on Dow's Renuva™ portfolio of recycled materials for the automotive industry.

This partnership aligns with both companies' commitment to fostering a circular economy for polymers, plastics, and polyurethanes in the automotive sector.

Dow (NYSE:DOW) has announced an agreement to acquire Circulus, a leading plastic waste recycler, to advance its 2030 Transform the Waste goal. The acquisition includes two facilities in Oklahoma and Alabama, with a total capacity of 50,000 metric tons per year of post-consumer resin (PCR). The transaction is expected to close in Q3 2024, subject to regulatory approval.

This strategic move will combine Dow's materials science technology with Circulus' film recycling expertise, enabling Dow to directly produce more high-performing circular products for applications such as packaging, industrial, consumer, and transportation markets. The acquisition supports Dow's commitment to transform 3 million metric tons of plastic waste and alternative feedstocks into circular and renewable solutions annually by 2030.

Dow and Teach For All have expanded their collaboration to enhance STEM education in underserved areas globally. The program will be implemented in Argentina, Japan, Nigeria, Spain, and for the first time in the US. Dow's investment aims to recruit, train, and place STEM teachers, impacting over 10,000 students and showing up to a 30% improvement in student performance since 2022. This collaboration seeks to ensure equitable access to STEM education and support educator professional development.