Dow Inc Stock Price, News & Analysis

The Dow Chemical Company has set pricing terms for cash tender offers to purchase up to $1.48 billion of its and Rohm & Haas's debt securities. The Tender Offers will accept specified series of Notes, with an early settlement date anticipated on August 31, 2021. Notably, the aggregate purchase price exceeded the maximum tender amount, leading to prorated selections among various Notes. The company has not accepted certain Notes due to tender conditions and reserves the right to amend the offers at any time.

The Dow Chemical Company has initiated cash tender offers to purchase its debt securities and those of its subsidiary, Rohm and Haas, totaling up to $1.48 billion. This strategic move aims to reduce Dow's gross debt by approximately $1 billion and lower annual interest expenses by over $60 million, enhancing financial flexibility. The offers are set to expire on September 13, 2021. Tendering holders will receive special premiums if they act before August 27, 2021, with specific acceptance priority levels for different note series outlined.

Dow has declared a dividend of 70 cents per share, payable on September 10, 2021, to shareholders of record as of August 31, 2021. This marks the 440th consecutive dividend payment since 1912, highlighting the company’s commitment to return value to shareholders. Dow aims to become a leading sustainable materials science company and reported sales of approximately $39 billion in 2020, operating 106 manufacturing sites globally.

Dow has been recognized for the first time on Seramount's 2021 Inclusion Index, highlighting its commitment to diversity and inclusion. This index evaluates organizations on practices related to the recruitment and advancement of underrepresented groups, corporate culture, and demographic data. A total of 193 organizations participated, showcasing opportunities for better diversity strategies. Earlier this year, Dow was also included in the Great Place to Work® and Fortune 100 Best Companies to Work For® list and the Bloomberg Equality Index.

Siemens and Dow are collaborating to demonstrate advanced automation technologies at MxD, a leading manufacturing institute in Chicago. This test bed showcases how innovative software, IoT, and digital tools can enhance efficiency and safety in process industries. Featuring Siemens’ SIMATIC PCS neo system, the test bed enables remote operation and real-time collaboration, empowering workers with augmented reality tools. With a focus on digital transformation, this initiative aims to improve productivity and create safer work environments, which is increasingly crucial in light of ongoing digitalization trends driven by the pandemic.

Dow reported a strong second quarter with GAAP EPS of $2.51 and an operating EPS of $2.72, significantly improved from a loss of $0.26 a year ago. Net sales reached $13.9 billion, a 66% increase year-over-year, driven by a 53% rise in local prices amidst tight supply and demand. Operating EBIT rose to $2.8 billion, reflecting margin expansion across all segments. The company reduced gross debt by $1.1 billion and returned $722 million to shareholders via dividends and share buybacks. The outlook remains positive, anticipating continued earnings momentum as economic recovery unfolds.

Dow announced significant capacity expansions across its businesses to meet rising demand for sustainable solutions in various markets. Key investments include:

• Silicone materials for lighter vehicles.
• Increased production in Thailand for propylene glycol, boosting capacity by 80,000 tons yearly.
• A new MDI distillation and prepolymers facility in Texas to support polyurethane demand.

These projects align with Dow's commitment to innovative, high-performance materials and are expected to drive growth in critical sectors.