Dow Inc Stock Price, News & Analysis

Dow (NYSE: DOW) has signed a Memorandum of Understanding with the Zhanjiang Economic and Technological Development Zone to develop the Dow South China Specialties Hub. This multi-year project, with an investment of approximately $250 million, will produce specialty polyurethanes and alkoxylates, enhancing local supply reliability and catering to the evolving demand for high-value chemicals in the Asia Pacific region. The facility aims for a total product capacity of around 250,000 tons while aligning with Dow's commitment to sustainability and advanced manufacturing technologies.

DOW (NYSE: DOW) has announced a dividend of 70 cents per share, payable on March 12, 2021, to shareholders on record as of February 26, 2021. This dividend marks the 438th consecutive payment since 1912, reflecting DOW's commitment to shareholder returns. In 2020, DOW reported sales of approximately $39 billion, operating across 106 manufacturing sites in 31 countries. The company's ambition focuses on becoming a leader in sustainable materials science, delivering innovative solutions across various sectors.

Dow (NYSE: DOW) has nominated Debra L. Dial and Luis A. Moreno for election to its Board of Directors at the Annual Meeting on April 15. Dial has over 20 years of experience in financial leadership at AT&T, while Moreno has extensive knowledge in public policy and sustainable development. This board refreshment aims to enhance diversity and expertise. Current directors Ajay Banga, Jacqueline K. Barton, and James A. Bell will not seek re-election. Dow's board now includes a strong balance of experienced and new directors, contributing to its governance refreshment efforts.

Dow reported GAAP earnings per share of $1.65 and operating EPS of $0.81 for the fourth quarter, influenced by a $0.84 gain from asset sales and a legal matter.

Net sales reached $10.7 billion, marking a 5% year-over-year rise, driven by increased local prices and volumes. Equity earnings increased to $106 million, while GAAP net income reached $1.3 billion. Cash provided by operating activities was $1.7 billion, with free cash flow for the year totaling $5 billion.

The company reduced net debt by $837 million in the quarter, while total cash and available liquidity increased to $14.6 billion.

Callaway Golf Company (NYSE: ELY) launched its new golf ball lineup, featuring the ERC Soft, Supersoft, and Supersoft MAX. The ERC Soft boasts a High Energy Core for distance, while the Hybrid Cover, made with Dow's PARALOID™, enhances speed and feel. Priced at $34.99 per dozen, it will be available on February 25. The Supersoft line, now upgraded, offers improved control and distance at $22.99 per dozen, available from February 4. Notably, Supersoft MAX focuses on max distance with an oversized design for forgiveness, beneficial for developing golfers.

Dow Inc. (NYSE: DOW) announces that Howard Ungerleider, president and CFO, will engage in a virtual fireside chat at the Citi 2020 Global Basic Materials Virtual Conference on December 1 at 3:00 p.m. ET. Investors are encouraged to participate in the live webcast available on Dow's website, with a replay and transcript accessible within 48 hours post-event. Dow aims to be a leader in sustainable materials science, serving diverse markets with innovative solutions.