Dow Inc Stock Price, News & Analysis

New Hope Energy has signed a multi-year offtake agreement with Dow (NYSE: DOW) to supply pyrolysis oil feedstock from recycled plastics in North America. This partnership aims to enhance Dow's capacity for circular plastics and showcases New Hope's innovative circular technology. The feedstock will be produced at New Hope's Trinity Oaks facility in Tyler, Texas, which is currently undergoing expansion, with completion expected in late 2022. This collaboration emphasizes the importance of sustainable practices in plastic waste management.

Dow Inc. will participate in the Citi 2021 Global Basic Materials Virtual Conference on December 1 at 8:00 a.m. EST. Howard Ungerleider, president and CFO, will lead a fireside chat discussing the company’s strategy and goals.

Investors can join the event via Dow's website, with a replay and transcript available within 48 hours post-event. Dow aims to be a leading materials science company, focusing on sustainability and innovation.

Dow has partnered with Meijer to develop a sustainable paving technique that utilizes approximately 12,500 pounds of recycled plastic bags, equating to 944,000 plastic grocery bags, for a new parking lot at Meijer’s Holland, Mich. supercenter. This pilot project aims to enhance durability using recycled polymer modified asphalt (RPMA) technology. This initiative demonstrates Dow’s commitment to sustainability, aiming to collect and recycle 1 million metric tons of plastic by 2030.

Covia has announced the appointment of Duncan Stuart as Executive Vice President, Chief Legal Officer & Secretary, effective immediately. Mr. Stuart brings 28 years of senior legal experience from The Dow Chemical Company, where he held roles including Deputy General Counsel. His diverse background spans Mergers & Acquisitions, Corporate Transactions, and Intellectual Property. Chairman Shawn Williams expressed confidence in Mr. Stuart's potential contributions to Covia's leadership and strategy.

On October 28, 2021, Dow (NYSE: DOW) announced that two of its innovative technologies were recognized with R&D 100 Awards, which celebrate the top 100 revolutionary technologies introduced annually. Since 2012, Dow has received 49 R&D 100 awards, more than any other company. The award-winning technologies this year include DOWSIL™ TC-4060 Thermal Gel, a high thermal conductivity gel for heat dissipation, and Multi-functional Sorbent Technology (MUST), designed to remove heavy metals from contaminated water sources.

Dow reported a robust financial performance with GAAP earnings per share (EPS) of $2.23 and Operating EPS of $2.75, marking substantial growth from $0.50 in the previous year. Net sales for the quarter reached $14.8 billion, a 53% increase year-over-year. Local prices surged 50% due to tight supply/demand dynamics. Operating EBIT rose to $2.9 billion, while cash provided by operations was $2.7 billion. The company reduced gross debt by over $1.1 billion and returned $918 million to shareholders through dividends and share repurchases.

Dow has declared a quarterly dividend of 70 cents per share, scheduled for payment on December 10, 2021. Shareholders of record by November 30, 2021 will be eligible. This dividend marks the 441st consecutive payout since 1912, showcasing Dow's commitment to returning value to shareholders. Dow's business strategy focuses on sustainable growth through innovation in materials science, with a reported sales figure of approximately $39 billion in 2020.

On October 12, 2021, Dow (NYSE: DOW) announced the successful commercialization of recyclable toothpaste tubes, now available globally. Developed in Asia Pacific, these tubes are designed to reduce landfill waste, addressing a significant environmental issue as traditional tubes contribute around 100,000 tons of waste annually. Dow's innovative polyethylene-based technology enhances recyclability by eliminating aluminum layers while maintaining product integrity. The initiative aligns with Dow's commitment to ensure all packaging is reusable or recyclable by 2035 and supports its broader sustainability goals.