Dow Inc Stock Price, News & Analysis

Dow was honored as the 2021 Manufacturer of the Year, Large Enterprise, by the Manufacturing Leadership Council (MLC). This marks Dow's third win, previously awarded in 2015 and 2017. The award was presented at a virtual gala on May 19, 2021, recognizing companies across various sectors. Dow was also recognized with five additional Manufacturing Leadership Awards, highlighting achievements in Manufacturing 4.0, Supply Chain, and Industrial Internet of Things. Two Dow employees received individual awards for digital leadership. Dow has also been acknowledged for its COVID-19 response initiatives.

Dow (NYSE: DOW) announced recognition for five leaders on the 2021 EMpower Ethnic Minority Role Model lists, highlighting their contributions to diversity in the workplace. Jim Fitterling, CEO, was placed third among advocates, while Mauro Gregorio and Karen S. Carter also earned top positions among executives and future leaders. The company emphasizes its commitment to inclusivity and plans to invest $10 million over five years to support social justice initiatives. Dow aims to leverage diversity as a driver for business success and stakeholder value.

Dow Chemical Company, a subsidiary of Dow Inc. (NYSE: DOW), announced the full redemption of its 3.50% and 3.15% Notes due in October 2024 and May 2024, respectively. This proactive debt management will reduce gross debt by over $1 billion, lowering annual interest expenses by $35 million. The redemptions will occur on May 18 and June 2, 2021. After this action, Dow will have no significant long-term debt maturities until late 2025.

Univar Solutions Inc. (NYSE: UNVR) has entered into a distribution agreement with Dow to market DOWSIL™ and XIAMETER™ silicone-based defoamers for agrochemical applications in Mexico. This collaboration aims to enhance product offerings for the agricultural sector, addressing challenges like excessive foaming that can lead to operational inefficiencies. Jorge Buckup, president of Latin America, emphasized the partnership's goal of innovation and improved efficiency for Mexican growers.

Dow (NYSE: DOW) and Mura Technology have announced a strategic partnership aimed at combating plastic waste through advanced recycling technology. The collaboration will enhance Mura’s HydroPRS™ process, which converts plastics back into chemicals and oils for new products. This initiative is designed to support a circular economy, with the potential to recycle 80,000 tonnes of plastic waste annually. Dow will leverage these recycled materials to produce virgin-equivalent plastics suitable for food-contact packaging. The first HydroPRS™ plant is set to be operational in 2022.

Dow (NYSE: DOW) reported significant financial growth for the quarter, with GAAP EPS of $1.32 and Operating EPS of $1.36, rising from $0.59 year-over-year. Net sales reached $11.9 billion, a 22% increase driven by local price gains. Local price rose 19%, while volume remained stable due to supply constraints. Notably, equity earnings increased by $313 million. The company is contributing $1 billion to U.S. pension plans, reducing its liability by $2.3 billion. Dividend returns to shareholders totaled $521 million.

Dow Inc. (NYSE: DOW) held its 2021 Annual Meeting of Stockholders, where Samuel R. Allen and nine others were elected to the Board of Directors for one-year terms. Stockholders approved key resolutions on executive compensation, the Stock Incentive Plan, and the Employee Stock Repurchase Plan, while rejecting a proposal on shareholder rights. Richard K. Davis was elected as independent lead director. The Board comprises a diverse group of leaders with extensive expertise across various sectors, contributing to Dow's vision of sustainable growth.

Dow (NYSE: DOW) has announced a dividend of 70 cents per share, payable on June 11, 2021, to shareholders on record as of May 28, 2021. This marks the 439th consecutive dividend paid since 1912. With a commitment to sustainable growth, Dow operates 106 manufacturing sites across 31 countries and reported sales of approximately $39 billion in 2020. The company aims to enhance its innovation and customer-centric approach while addressing global sustainability challenges.