Dow Inc Stock Price, News & Analysis

Dow has been honored as one of the 50 most community-minded companies in the U.S. for the second consecutive year by Points of Light. This recognition underscores Dow's commitment to corporate citizenship, with criteria focusing on resource investment, integration across functions, and impact measurement. Celebrating its 125th anniversary, Dow emphasizes the importance of engaging with communities and fostering sustainable practices. Their global citizenship strategy aligns closely with their Environmental, Social, and Governance (ESG) goals, demonstrating a strong focus on impactful community engagement.

The Dow Chemical Company, a subsidiary of Dow Inc. (NYSE: DOW), has announced a full redemption of its outstanding 3.625% Notes due May 2026, totaling $750 million. The redemption will occur on June 28, 2022, at a price that will be the greater of 100% of the principal or the present value of future payments discounted at the Treasury Rate plus 25 basis points. This move allows Dow to manage its debt effectively, ensuring that the rights of noteholders will terminate upon payment. More details can be obtained from The Bank of New York Mellon Trust Company.

On June 2, 2022, Jim Fitterling, CEO of Dow (NYSE: DOW), will engage in a fireside chat at the Bernstein 38th Annual Strategic Decisions Conference at 8:00 a.m. ET. Investors can join the live webcast via the company's website. A replay will be available post-event. Dow reported approximately $55 billion in sales for 2021 and aims for global leadership in sustainable materials science.

Dow (NYSE: DOW) has announced that four of its leaders have been recognized on the 2022 Empower Role Model lists, which highlight influential figures promoting workplace inclusivity for people of color. The recognized leaders include CEO Jim Fitterling, President Mauro Gregorio, Chief HR Officer Karen S. Carter, and Global Employee Experience Leader Shruti Bahadur. Dow's commitment to inclusion, diversity, and equity is embodied in its ALL IN 2025 strategy, aiming to create a more equitable workforce. This recognition underscores Dow's efforts toward fostering a diverse and inclusive corporate culture.

Dow (NYSE: DOW) announced expansion of its global alkoxylation capacity in the U.S. and Europe to meet increasing demand across high-growth sectors delivering 10%-15% annual growth rates. This expansion builds on previous capacity increases, resulting in a total growth of 70% since 2020. The new projects, expected to come online in 2024 and 2025, will maintain carbon emissions levels through efficient technology. Dow aims to generate over $150 million in EBITDA by 2025, with returns exceeding 20%.

Dow reported a robust first quarter with GAAP EPS of $2.11 and operating EPS of $2.34, reflecting a 28% increase in net sales to $15.3 billion. Equity earnings stood at $174 million, while operating EBIT rose $865 million year-over-year to $2.4 billion. The company announced a $3 billion share repurchase program, highlighting strong performance despite rising energy costs. Cash flow from operations totaled $1.6 billion, up significantly from the previous year, although it decreased sequentially. Dow looks to sustain these gains amidst ongoing geopolitical challenges.

On April 14, 2022, Dow (NYSE: DOW) reported the outcomes of its 2022 Annual Meeting of Stockholders. Shareholders elected 11 directors to the Board for one-year terms, including Richard K. Davis as independent lead director. An advisory resolution on executive compensation was approved, while a proposal for an Independent Board Chairman was rejected. The appointment of Deloitte & Touche LLP as independent auditor for 2022 was ratified. Dow's Board boasts significant ethnic diversity, with nearly 60% comprising women or U.S. ethnic minorities.

Dow (NYSE: DOW) has approved a new share buyback program for repurchasing up to $3 billion of its common stock, reinforcing its commitment to shareholder value. Additionally, the company declared a quarterly dividend of 70 cents per share, payable on June 10, 2022, with a record date of May 31, 2022. This dividend marks Dow's 443rd consecutive payment. Since April 2019, Dow has returned $8.4 billion to shareholders through buybacks and dividends, exceeding its goal of returning 65% of operating net income over economic cycles.