Dow Inc Stock Price, News & Analysis

The Dow Chemical Company (TDCC), a wholly owned subsidiary of Dow Inc. (NYSE: DOW), has announced a cash tender offer to purchase up to $1.0 billion of its debt securities and those of its subsidiaries Rohm and Haas and Union Carbide

The tender offer includes specific Acceptance Sublimits for certain securities: up to €500,000,000 for the 0.500% Notes due 2027 and up to $100,000,000 for the 9.400% Notes due 2039. The early participation date is March 10, 2025, with expiration on March 25, 2025.

Holders who tender securities by the early participation date will receive the Total Consideration plus accrued interest, while those who tender after will only receive the Tender Offer Consideration (Total Consideration minus Early Participation Amount). The offer is subject to TDCC having issued sufficient debt securities to fund the purchase (Financing Condition).

Dow (NYSE: DOW) has nominated Rebecca Liebert, president and CEO of The Lubrizol , to stand for election to its Board of Directors at the Annual Meeting of Stockholders on April 10, 2025. Liebert brings over 20 years of experience leading global organizations in the chemicals sector, with previous roles as executive vice president at PPG Industries and president/CEO of Honeywell UOP.

The nomination aligns with Dow's Board succession planning and refreshment strategy, focusing on incorporating perspectives from experienced public company executives within the materials science industry. Liebert serves on the Board of the American Chemistry Council and is an elected member of the National Academy of Engineering.

Dow's Board currently maintains an average tenure of seven years and regularly evaluates its composition to ensure a balanced mix of qualifications and expertise.

Dow (NYSE: DOW) has announced a quarterly dividend payment of 70 cents per share. The dividend will be paid on March 14, 2025, to shareholders of record as of February 28, 2025. This declaration represents a significant milestone as it marks the 454th consecutive dividend payment by Dow or its affiliates, maintaining a dividend payment tradition that dates back to 1912.

Dow Inc. (NYSE: DOW) has announced targeted actions to achieve $1 billion in cost savings in response to ongoing macroeconomic uncertainty. The plan includes:

- $500-700 million reduction in direct costs, focusing on purchased services and third-party contract labor
- Workforce reduction of approximately 1,500 roles globally
- Expected charges of $250-325 million in Q1 2025 for severance and related benefits
- Additional implementation costs of $20-30 million to be expensed as incurred

The company aims to reinforce its long-term competitiveness while adapting to current market conditions. CEO Jim Fitterling indicated that further actions may be taken if necessary as 2025 progresses. The implementation will involve engagement with local stakeholders and comply with regional regulations.

Dow (NYSE: DOW) reported Q4 2024 financial results with net sales of $10.4 billion, down 2% year-over-year. The company posted a GAAP net loss of $35 million, or $0.08 per share, including restructuring costs. Operating earnings per share was $0.00, impacted by non-cash tax adjustments of $0.27.

Key metrics include: Operating EBIT of $454 million (down $105 million YoY), cash from operations of $811 million, and shareholder returns of $492 million in dividends. For full-year 2024, Dow achieved net sales of $43.0 billion and GAAP net income of $1.2 billion.

The company announced plans for $1 billion in targeted cost reductions and a $300-500 million reduction in 2025 CapEx. Additionally, Dow signed an agreement to sell a minority stake in U.S. Gulf Coast infrastructure assets for approximately $3 billion.

Luuna Mattresses, a Mexican startup known for its 100% foam mattresses, has partnered with Dow to accelerate its expansion in Latin America. The collaboration leverages DOW Predictive Intelligence, a digital platform combining over 120 years of polyurethane formulations expertise. This technology has enabled Luuna to develop new foams in a single production test, significantly reducing development time and costs.

The platform's precision has supported Luuna's ambitious plans, including the development of Latin America's most advanced production center, targeting one mattress every 30 seconds. The partnership has also helped Luuna achieve 1% production scrap, supporting their sustainability goals while maintaining their position as Mexico's Best Rated Mattress.

Dow (NYSE:DOW) has announced nine projects for its 2024 Business Impact Fund, including seven new initiatives and two continuity grants. The fund, in its ninth year, combines efforts of NGOs, nonprofits, Dow customers, and employees to address social and sustainability challenges globally. Projects span across Colombia, Kenya, Mexico, Türkiye, United States, Canada, Brazil, and South Africa, focusing on housing improvement, food security, community development, and environmental sustainability.

Since its 2016 launch, the Business Impact Fund has supported 65 projects across 23 countries with nearly $14 million in investments. Key achievements include creating over 2,000 jobs, recycling more than 13,600 metric tons of materials, avoiding over 36,000 MT of CO2 emissions, and diverting 9,500 MT of plastic from landfills.

Dow (NYSE:DOW) announced significant leadership changes, with Keith Cleason appointed as president of Packaging & Specialty Plastics (P&SP), succeeding Karen S. Carter who was recently named Chief Operating Officer. Cleason, previously business vice president for Olefins, Aromatics & Alternatives, will oversee Latin America operations and continue P&SP's growth aligned with sustainability goals.

Jane Palmieri, president of Industrial Intermediates & Infrastructure, will retire on March 31, 2025, after 30+ years with Dow. She led portfolios exceeding $16 billion in annual sales. Marco ten Bruggencate, former president of Dow EMEAI, will succeed Palmieri and oversee Europe, Middle East, Africa, and India operations.

Dow (NYSE:DOW) has appointed Karen S. Carter as Chief Operating Officer, effective immediately. Previously serving as president of Dow Packaging & Specialty Plastics, Carter will oversee business operating segments, including Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings. She will also manage Integrated Supply Chain, Purchasing, Information Systems, and Commercial organizations.

Carter brings over 30 years of experience at Dow, having led the Packaging & Specialty Plastics segment with $23 billion in annual sales. Under her leadership, she expanded capacity through asset upgrades and improved reliability. She previously served as Chief Human Resources Officer and Chief Inclusion Officer, and will continue reporting to CEO Jim Fitterling while joining the Executive Committee.