Dow Inc Stock Price, News & Analysis

Reynolds Consumer Products, Dow (NYSE:DOW), and ByFusion have extended their partnership in Boise, Idaho, to divert hard-to-recycle plastics from landfills. Following a pilot project that began in July 2021, over 80 tons of plastics have been processed into ByBlocks, innovative construction-grade blocks. The Hefty® EnergyBag® program has successfully repurposed waste and is set to continue, enhancing sustainable development efforts in the community. This collaboration aims to advance circular economy solutions and improve recycling efforts in Boise.

Dow Inc. (NYSE: DOW) announced an expansion of its sustainability goals, increasing the target of transforming plastic waste to 3 million metric tons of circular and renewable solutions annually by 2030. This is a significant upgrade from the previous goal of 1 million metric tons. The initiative will be supported by advanced recycling partnerships, new business platforms, and investments in infrastructure. Key collaborations include agreements with Mura Technology and Valoregen, aiming to enhance recycling capabilities across the U.S. and Europe.

WM and Dow have launched a new collaboration to enhance residential recycling for hard-to-recycle plastic films in select U.S. markets. Only 1.9% of U.S. households currently recycle plastic films at curbside. This initiative aims to divert over 120,000 metric tons of plastic film from landfills annually. The program starts in Hickory Hills, Illinois, with plans to expand to more cities. WM will invest over $800 million by 2025 to improve recycling infrastructure, with expectations to reach 8% of U.S. households using film recycling by then.

Dow (NYSE: DOW) has announced the appointment of Karen S. Carter as the new President of Packaging & Specialty Plastics (P&SP), succeeding Diego Donoso, who is set to retire in Q1 2023. Carter, with over 25 years at Dow, previously served as North America commercial vice president for P&SP. Her extensive experience encompasses various leadership roles, enhancing her capability to lead during this pivotal time as the company intensifies its focus on sustainability. Donoso led P&SP for a decade, significantly impacting innovation and performance.

Dow (NYSE: DOW) reported GAAP earnings per share (EPS) of $1.02 for Q3 2022, down from $2.23 a year ago. Net sales were $14.1 billion, a 5% decline year-over-year, driven by lower sales in Industrial Intermediates & Infrastructure and Packaging & Specialty Plastics. Operating EBIT fell to $1.2 billion from $2.9 billion last year due to margin compression linked to higher raw material and energy costs. Cash flows remained strong, providing $1.9 billion from operations. The company plans over $1 billion in cost savings in 2023 while focusing on its Decarbonize and Grow strategy.

Dow (NYSE: DOW) has announced an expanded sustainability target to transform plastic waste and alternative feedstock into 3 million metric tons of circular and renewable solutions annually by 2030. This commitment builds on its 2025 sustainability goals and follows new recycling partnerships that enhance Dow's capacity to utilize waste as feedstock. The company aims to create a global industrial ecosystem to collect and recycle waste, indicated by investments in advanced recycling facilities in the U.S. and Europe, and new initiatives across various regions.

Red Cell Partners has appointed Wesley G. Bush as Director and Advisor, enhancing its leadership team. Bush, who previously served as Chairman and CEO of Northrop Grumman, brings extensive experience in finance, public policy, and cybersecurity. His role is expected to strengthen Red Cell's connection to the defense and healthcare sectors, aimed at developing innovative solutions to pressing national issues. Red Cell focuses on rapidly scalable technology-led companies to address significant challenges, leveraging Bush's expertise to advance their mission.

Dow (NYSE: DOW) has announced a dividend of 70 cents per share, payable on December 9, 2022, to shareholders registered by November 30, 2022. This marks the 445th consecutive dividend since 1912. Dow's robust portfolio spans various sectors, including packaging and infrastructure, and reported sales of approximately $55 billion in 2021. The company aims for ongoing innovation and sustainability in its materials science expertise.