MIDLAND, Mich., Feb. 15, 2024 /PRNewswire/ -- Dow (NYSE: DOW) has declared a dividend of 70 cents per share, payable March 8, 2024, to shareholders of record on February 29, 2024. This marks the 450th consecutive dividend paid by the Company or its affiliates since 1912. About DowDow (NYSE: DOW) is one of the world's leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration and sc ...

Dow Inc.’s (DOW) wholly-owned subsidiary, The Dow Chemical Company, has announced the successful closing of its green bond offering. The offering includes a $600 million aggregate principal amount of 5.15% notes due in 2034 and a $650 million aggregate principal amount of 5.6% notes due in 2054.These notes represent the company's first-ever green financing instrument, which aligns with Dow's Green Finance Framework published on Jan 25, 2024. The Framework aims to support Dow's sustainability strategy, focus ...

Bond offering to support execution of the Company's Decarbonize & Grow and Transform the Waste strategies Green bond aligned to recently published Green Finance Framework  MIDLAND, Mich., Feb. 9, 2024 /PRNewswire/ -- The Dow Chemical Company ("TDCC"), a wholly owned subsidiary of Dow (NYSE: DOW), announced today the closing of its green bond offering of $600 million aggregate principal amount of 5.150% notes due 2034 and $650 million aggregate principal amount of 5.600% notes due 2054. The notes represent ...

Business Segments - The Company operates through six global business segments, including Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings[30]. - The Packaging & Specialty Plastics segment utilizes a broad polyolefin product portfolio and proprietary technologies to deliver sustainable solutions across various markets, including food packaging and health[31]. - Hydrocarbons & Energy is a leading global producer of ethylene, propylene, and aromatics, which are essential for the Company's downstream businesses[34]. - The Industrial Intermediates & Infrastructure segment focuses on producing ethylene oxide and propylene oxide derivatives for diverse markets, enhancing product effectiveness and sustainability[42]. - The Polyurethanes business is the world's largest producer of propylene oxide, propylene glycol, and polyether polyols, with a focus on energy efficiency and consumer comfort[44]. Sustainability Initiatives - The Company aims to become the most sustainable materials science company, focusing on reducing greenhouse gas emissions and integrating recycled content into production processes[39]. - The Company plans to construct a net-zero emissions integrated ethylene complex in Alberta, expected to decarbonize 20% of its global ethylene capacity and deliver 2 million metric tons of organic growth[40]. - Dow has signed a long-term supply agreement with New Energy Blue to produce bio-based ethylene from renewable agricultural residues, aiming to reduce CO2 emissions from plastic production[44]. - Dow and Reciclar S.A. will produce over 6,500 tons of post-consumer plastic resin in Argentina through a three-year collaboration[44]. - The company expects to reduce Scope 2 emissions by more than 600,000 metric tons of CO2 per year through several renewable and cleaner power agreements[44]. - By 2030, the company plans to reduce its net annual Scope 1 and 2 CO2 emissions by 5 million metric tons, representing a 15% reduction from 2020[74]. - The company aims to commercialize 3 million metric tons of circular and renewable solutions annually by 2030, focusing on transforming plastic waste[74]. - The company intends to achieve carbon neutrality by 2050, encompassing Scope 1, 2, and 3 emissions[74]. Financial Performance - Net sales for 2023 decreased to $44,622 million, down 21.5% from $56,902 million in 2022[356]. - Net income for 2023 was $660 million, a significant decline of 85.8% compared to $4,640 million in 2022[359]. - Earnings per common share (diluted) dropped to $0.82 in 2023 from $6.28 in 2022, reflecting a decrease of 87.0%[356]. - Total assets decreased to $57,967 million in 2023, down from $60,603 million in 2022, a reduction of 4.0%[362]. - Cash provided by operating activities was $5,196 million in 2023, down 30.5% from $7,475 million in 2022[364]. - The company reported a comprehensive income of $118 million in 2023, a decrease of 98.2% from $6,478 million in 2022[359]. - Total liabilities increased to $38,859 million in 2023, compared to $37,025 million in 2022, an increase of 4.9%[362]. - Capital expenditures rose to $2,356 million in 2023, up from $1,823 million in 2022, an increase of 29.2%[364]. Market Challenges - Adverse economic conditions, including inflationary pressures, have recently reduced demand for the company's products, resulting in decreased sales volume[96]. - The company faces risks related to climate change, including potential disruptions to operations and increased costs to meet sustainability commitments[89]. - The company is subject to market volatility and supply chain disruptions due to geopolitical tensions, including the ongoing conflict in Ukraine[97]. - Increased regulatory scrutiny regarding environmental compliance could lead to significant unanticipated costs or liabilities for the Company[102]. - The Company is subject to evolving regulations related to plastic waste, which could reduce demand for its plastic products and negatively impact financial results[108]. Employee Engagement and Diversity - Dow advanced to 7 in the DiversityInc Top 50 Companies for Diversity in 2023[77]. - The company has implemented various leadership development programs to enhance employee engagement and effectiveness[82]. - In 2023, 72% of employees participated in the annual global employee opinion survey, providing feedback to improve the company's working culture[82]. - Dow's Total Rewards programs are designed to attract, retain, and motivate employees, aligning with their needs and preferences[81]. - As of December 31, 2023, the company employed approximately 35,900 full-time employees[83]. Risk Management - The Company employs value-at-risk (VAR), stress testing, and scenario analysis for risk measurement, using a variance/covariance model with a 97.5 percent confidence level[331]. - The primary objective of foreign currency risk management is to optimize the U.S. dollar value of net assets and cash flows through hedging strategies[327]. - The Company manages exposure to price changes for commodities such as natural gas and crude oil, utilizing over-the-counter and exchange-traded instruments for hedging[330]. - The Company uses interest rate swaps and other instruments to manage interest rate risk and reduce total funding costs[328]. - The Company is exposed to market risk from changes in foreign exchange rates, interest rates, and commodity prices, and employs hedging transactions to mitigate these risks[326]. Legal and Compliance - The Company's total asbestos-related liability, including future defense and processing costs, was $867 million as of December 31, 2023, down from $947 million in 2022[107]. - The Company's liability for unrecognized tax benefits as of December 31, 2023, was $513 million, with related accrued interest and penalties amounting to $561 million[341]. - The Company has frozen its defined benefit pension plans in the U.S., but continues to sponsor these plans in other countries, which could impact financial results due to increased obligations[99].

Dow Inc. (NYSE:DOW) Q4 2023 Earnings Conference Call January 25, 2024 8:00 AM ET Company Participants Pankaj Gupta - Vice President, Investor Relations Jim Fitterling - Chair and Chief Executive Officer Jeff Tate - Chief Financial Officer Conference Call Participants Hassan Ahmed - Alembic Global Mike Sison - Wells Fargo Vincent Andrews - Morgan Stanley Jeff Zekauskas - JPMorgan Steve Byrne - Bank of America Josh Spector - UBS David Begleiter - Deutsche Bank Dan Rizzo - Jefferies Kevin McCarthy - Vertical R ...

For the quarter ended December 2023, Dow Inc. (DOW) reported revenue of $10.62 billion, down 10.4% over the same period last year. EPS came in at $0.43, compared to $0.46 in the year-ago quarter.The reported revenue represents a surprise of +2.95% over the Zacks Consensus Estimate of $10.32 billion. With the consensus EPS estimate being $0.40, the EPS surprise was +7.50%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...

Dow Inc. (DOW) slipped to a loss (on a reported basis) of $105 million or 15 cents per share in fourth-quarter 2023 from a profit of $613 million or 85 cents per share a year ago.Barring one-time items, adjusted earnings were 43 cents per share for the reported quarter, down from 46 cents a year ago. The figure topped the Zacks Consensus Estimate of 40 cents. Dow recorded net sales of $10,621 million for the quarter, down roughly 10% year over year. It, however, surpassed the Zacks Consensus Estimate of $10 ...

Dow Inc. (DOW) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.50%. A quarter ago, it was expected that this materials science would post earnings of $0.43 per share when it actually produced earnings of $0.48, delivering a surprise of 11.63%.Over the last four quarters, the company ...

4Q 2023 RESULTS AGENDA 4Q 2023 • Quarterly Results • Operating Segment Performance R ESU LTS • Outlook • Growth and Sustainability Roadmap Drives Shareholder Value 4Q 2023 P O ERFORMANCE VERVIEW ▪ Net sales were $10.6B ...

Dow Inc. (DOW) recently earned International Sustainability and Carbon Certification ("ISCC") PLUS certification for its PO/PG and Polyols manufacturing facility in Freeport, TX. Dow's implementation of decoupling fossil feedstocks by employing waste-sourced feedstock has been recognized with an ISCC PLUS certification, which follows a thorough independent external audit.The ISCC PLUS certification is a key step toward more circular and bio-circular products for North American polyurethane end markets, indi ...