Dow Inc Stock Price, News & Analysis

Dow (NYSE: DOW) reported third quarter 2024 results with operating earnings per share of $0.47, slightly down from $0.48 in the year-ago period. Net sales reached $10.9 billion, up 1% year-over-year, driven by higher sales in U.S. & Canada. Volume increased 1% compared to the year-ago period. Operating EBIT was $641 million, up $15 million year-over-year, primarily due to higher integrated margins in Packaging & Specialty Plastics, partially offset by an unplanned cracker outage in Texas. The company returned $584 million to shareholders through dividends and share repurchases. Management announced a strategic review of select European assets, primarily in the Polyurethanes business.

Dow is advancing sustainable electronics solutions through materials science innovation. The company addresses growing challenges in the electronics industry, particularly focusing on data center efficiency. With data centers accounting for 2% of global electricity usage in 2022 and projected to reach 6% of U.S. electricity consumption by 2026, Dow offers innovative cooling solutions including DOWSIL™ Immersion Cooling Technology, DOWFROST™ LC Heat Transfer Fluid, and DOWSIL™ Thermal Conductive Materials. These solutions aim to enhance performance while reducing energy consumption and environmental impact.

Dow, a leading materials science company, is innovating for packaging circularity through its REVOLOOP™ Recycled Plastic Resins. This global line of mechanically recycled plastic resins incorporates up to 100% recycled content, helping customers meet circularity and low-carbon targets. Dow aims to deliver 3 million metric tons of circular and renewable solutions annually by 2030.

The company is collaborating with partners worldwide to manage post-consumer recycled (PCR) plastic as a valuable resource. This includes investing in technologies for large-scale mechanical recycling, enhancing waste management infrastructure, and working with brands and manufacturers to design for circularity. Dow's partnerships span the entire value chain, from supporting waste picker cooperatives to developing PCR packaging applications with flexible film manufacturers globally.

Dow has been named the #1 Best Workplace in Manufacturing & Production for 2024 by Great Place To Work® and Fortune magazine. This marks Dow's fourth consecutive year on the list and its first time at the top. The award is based on survey responses from over 96,000 employees in the industry.

Key highlights:

• 76% of Dow employees consider it a great place to work, compared to 57% at typical U.S. companies
• Dow has consistently received recognition for its strong company culture
• The company has been named to several prestigious lists, including World's Best Workplaces™ 2023 and 100 Best Companies to Work For® for four consecutive years

This recognition underscores Dow's commitment to fostering a workplace that prioritizes innovation, inclusivity, and sustainability.

Dow's MobilityScience™ team is working with automotive industry partners to accelerate a smarter, safer, and more sustainable vision for mobility. The company is focusing on addressing climate protection, circular economy, and safer materials across a vehicle's lifecycle. Dow aims to decarbonize manufacturing facilities and develop innovative products to help customers reduce greenhouse gas emissions.

A key challenge is improving battery performance for electric vehicles. Dow offers thermal interface solutions using silicones and polyurethanes to enhance battery pack development, potentially contributing to longer-range, better-performing, and more economical electric and hybrid vehicles. The company is committed to driving the transition to low- and zero-emission, energy-efficient, and affordable vehicles for a net-zero future.

Dow (NYSE: DOW) has announced a quarterly dividend of 70 cents per share. The dividend will be payable on December 13, 2024, to shareholders of record as of November 29, 2024. This marks the 453rd consecutive dividend paid by Dow or its affiliates since 1912, highlighting the company's long-standing commitment to returning value to shareholders.

Dow is taking climate action through investments, innovation, and collaboration to contribute to a low-carbon economy. The company's decarbonization roadmap includes:

• Investing in scalable technologies to reduce greenhouse gas (GHG) emissions from operations
• Building the world's first net-zero-emissions integrated ethylene cracker and derivatives site in Fort Saskatchewan, Alberta
• Reducing GHG emissions by 15% between 2005-2020
• Aiming to reduce net annual scopes 1 and 2 emissions by an additional 5 million metric tons annually (~15%) by 2030 from 2020 baseline

Dow believes in decarbonizing while creating business value, emphasizing the need to grow while reducing emissions. The company is focusing on investing in manufacturing operations, innovating with customers, and collaborating across the value chain to contribute to a more sustainable future.

Dow (NYSE:DOW) announced over $9 million CAD in community investments in Alberta, coinciding with its Fort Saskatchewan Path2Zero expansion project. The investments include:

1. $6.8 million CAD for Fort Saskatchewan's new aquatics facility and Access for Everyone program
2. $2 million CAD for the Fort Saskatchewan Nourishment Centre
3. $350,000 CAD for Ducks Unlimited's Prairie Potholes conservation project
4. $150,000 CAD for STEM and skilled trades education for Indigenous students

These investments align with Dow's commitment to positively impact local communities and the environment. The Path2Zero project aims to create the world's first net-zero emissions integrated ethylene cracker and derivatives site for Scopes 1 and 2 emissions, demonstrating Dow's focus on decarbonization and sustainable growth.

Dow (NYSE:DOW) and Ducks Unlimited (DU) have announced a multi-year collaboration to positively impact water and nature ecosystems throughout North America. The partnership, funded by the Dow Company Foundation, aims to restore habitat and enhance biodiversity through impactful planning and innovative solutions.

Initial projects include:

• Restoration of key acreage in the Shiawassee National Wildlife Refuge, Michigan
• Coastal marsh restoration effort in Saginaw Bay
• Conservation effort in the Prairie Pothole Region of Alberta, Canada
• Development of publicly available tools for sustainable land use planning and management

This expanded partnership builds upon over 70 years of local collaboration between Dow and DU. It aligns with Dow's new Water & Nature strategy, which includes a target to conserve 50,000 acres by 2050.