, /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Dow Inc. (NYSE: DOW) securities between January 30, 2025 and July 23, 2025, all dates inclusive (the "Class Period"), have until Tuesday, October 28, 2025 to seek appointment as lead plaintiff of the Dow class action lawsuit. Captioned Sarti v. Dow Inc., No. 25-cv-12744 (E.D. Mich.), the Dow class action lawsuit charges Dow, The Dow Chemical Company, a Dow subsidiary, as well as certain of Dow's exec ...

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Core Viewpoint - The law firm Robbins Geller Rudman & Dowd LLP has announced a class action lawsuit against Dow Inc. for alleged violations of the Securities Exchange Act of 1934, with a focus on misleading statements regarding the company's financial health and ability to manage macroeconomic challenges during the specified class period from January 30, 2025, to July 23, 2025 [1][4]. Group 1: Allegations and Financial Performance - The lawsuit claims that Dow overstated its ability to handle macroeconomic and tariff-related challenges, as well as its financial flexibility to support dividends [4]. - It is alleged that Dow's business faced significant negative impacts from competitive pressures, declining global sales, and an oversupply of products [4]. - On June 23, 2025, BMO Capital downgraded Dow's stock from "Market Perform" to "Underperform," reducing the price target from $29.00 to $22.00, which led to a stock price drop of over 3% [5]. - Dow reported a non-GAAP loss per share of $0.42 for Q2 2025, significantly worse than the expected loss of approximately $0.17 to $0.18, with net sales of $10.1 billion, a 7.3% year-over-year decline [6]. - Following the disappointing earnings report, Dow's stock price fell by more than 17% after announcing a dividend cut from $0.70 to $0.35 per share [6]. Group 2: Class Action Process - Investors who purchased Dow securities during the class period can seek appointment as lead plaintiff in the lawsuit, which allows them to act on behalf of all class members [7]. - The lead plaintiff can choose a law firm to represent the class, and participation as lead plaintiff does not affect the ability to share in any potential recovery [7]. Group 3: About the Law Firm - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [8]. - The firm has been recognized for obtaining significant recoveries in securities class action cases, including the largest recovery in history of $7.2 billion in the Enron case [9].

Core Viewpoint - A class action lawsuit has been filed against Dow Inc. and certain officers for alleged violations of federal securities laws during the Class Period from January 30, 2025, to July 23, 2025, seeking damages for affected investors [1] Company Overview - Dow is an American materials science company serving various industries, including packaging, infrastructure, mobility, and consumer applications, organized into three operating segments: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings [4] Financial Performance and Market Position - Dow's CEO, Jim Fitterling, emphasized the importance of the company's "industry-leading dividend," claiming that over 65% of shareholders rely on it [5] - Despite challenges in the materials science industry and tariff-related uncertainties, Dow's management claimed the company was well-positioned to maintain financial flexibility and support its dividend [5] - However, the lawsuit alleges that Dow's management made materially false and misleading statements regarding the company's ability to handle macroeconomic pressures and maintain its dividend, which were overstated [5] Recent Developments - On June 23, 2025, BMO Capital downgraded Dow's stock from "Market Perform" to "Underperform," reducing the price target from $29.00 to $22.00 due to ongoing weakness in key markets and pressure on the dividend, resulting in a 3.21% drop in stock price [6] - Following the release of disappointing Q2 2025 financial results on July 24, 2025, where Dow reported a non-GAAP loss per share of $0.42 and net sales of $10.1 billion (a 7.3% year-over-year decline), the company announced a dividend cut from $0.70 to $0.35 per share, leading to a 17.45% drop in stock price [7][8]

Core Viewpoint - The article discusses a class action lawsuit against Dow Inc. for alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements regarding the company's financial health and ability to manage macroeconomic challenges [1][3]. Group 1: Lawsuit Details - The class action lawsuit is titled Sarti v. Dow Inc., and it involves purchasers of Dow securities from January 30, 2025, to July 23, 2025, with a deadline of October 28, 2025, for lead plaintiff applications [1]. - Allegations include that Dow overstated its ability to handle macroeconomic and tariff-related challenges, and understated the negative impacts on its business, particularly regarding competitive pressures and declining global sales [3]. Group 2: Financial Performance - On June 23, 2025, BMO Capital downgraded Dow's stock from "Market Perform" to "Underperform," reducing the price target from $29.00 to $22.00 due to ongoing weakness in key markets [4]. - Dow reported a non-GAAP loss per share of $0.42 for Q2 2025, significantly worse than the expected loss of approximately $0.17 to $0.18, with net sales of $10.1 billion, a 7.3% year-over-year decline [5]. - Following the disappointing earnings report, Dow announced a dividend cut from $0.70 to $0.35 per share, citing the need for financial flexibility in a challenging macroeconomic environment, which led to a stock price drop of over 17% [5]. Group 3: Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Dow securities during the class period to seek lead plaintiff status, representing the interests of the class [6]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [7]. - The firm has been recognized for securing significant monetary relief for investors, including the largest recovery in history of $7.2 billion in the Enron case [8].

Company Overview - Dow Inc. is based in Midland, Michigan, and provides materials science solutions across various segments including Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings, with a diverse product line that includes polymers, polyurethanes, construction chemicals, coatings, adhesives, and elastomers [1] Market Position - Dow has a market capitalization of approximately $17 billion, categorizing it as a large-cap company, and its global manufacturing footprint enhances its competitive positioning and market reach [2] Stock Performance - Dow's stock has faced significant challenges, trading about 56.6% below its September 2024 high of $55.67, with a nearly 17.9% decline over the past three months, while the Materials Select Sector SPDR Fund (XLB) gained 2.5% during the same period [3][4] - Over the past 52 weeks, Dow's stock has retreated by 52.9%, and year-to-date, it has plunged by 39.9%, contrasting with a minor pullback in XLB, which gained 7.6% in 2025 [4] Financial Results - On July 24, Dow reported its second-quarter fiscal 2025 results, which fell short of expectations, leading to a 17.5% intra-day dip in shares. The top line decreased by 7.4% year-over-year to $10.10 billion, below Wall Street's estimate of $10.25 billion [5] - The company recorded net losses of $801 million, compared to a profit of $458 million in the same quarter of the previous year, with an adjusted loss per share of $0.42, significantly worse than the anticipated loss of $0.12 per share [6] Dividend Changes - Dow announced a 50% cut in its quarterly dividend, reducing distributions from $0.70 to $0.35 per share, which decreased the dividend yield from 9.22% to approximately 5% [7]

Core Viewpoint - A class action lawsuit has been filed against Dow Inc. and certain officers for alleged violations of federal securities laws during the Class Period from January 30, 2025, to July 23, 2025, seeking damages for affected investors [1]. Company Overview - Dow is an American materials science company that operates in various industries, including packaging, infrastructure, mobility, and consumer applications, organized into three operating segments: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings [4]. Financial Performance and Market Reaction - On June 23, 2025, BMO Capital downgraded Dow's stock from "Market Perform" to "Underperform," reducing the price target from $29.00 to $22.00 per share due to ongoing weakness in key markets and pressure on the dividend, resulting in a 3.21% drop in stock price to $26.87 [6]. - Dow reported a non-GAAP loss per share of $0.42 for Q2 2025, significantly worse than the expected loss of approximately $0.17 to $0.18, with net sales of $10.1 billion reflecting a 7.3% year-over-year decline, missing estimates by $130 million [7]. - Following the disappointing financial results, Dow announced a dividend cut from $0.70 to $0.35 per share, leading to a 17.45% decline in stock price to $25.07 on July 24, 2025 [8]. Management Statements and Allegations - Dow's CEO, Jim Fitterling, previously emphasized the importance of the dividend to investors, claiming that over 65% of shareholders rely on it, while asserting that the company was well-positioned to handle macroeconomic challenges [5]. - The lawsuit alleges that Dow's management made materially false and misleading statements regarding the company's ability to navigate economic headwinds and maintain financial flexibility, which were overstated [5].

Core Insights - Locksley Resources Limited has signed a strategic Research & Development Agreement with Rice University to develop domestic processing of U.S.-sourced antimony, marking the initiation of its U.S. Critical Minerals and Energy Resilience Strategy [1][2] - The collaboration aims to address a critical supply chain gap in the U.S. by developing pathways for antimony processing to meet domestic demand in defense and energy sectors [2][4] Company Overview - Locksley Resources is an Australian-based explorer focused on critical minerals and base metals, with significant assets in the U.S., particularly the Mojave Project in California, which targets rare earth elements and antimony [8] - The Mojave Project comprises over 250 claims and is strategically positioned to align with U.S. objectives for critical mineral independence and economic security, especially given the geopolitical urgency to diversify supply chains away from China [8] Research and Development Focus - The agreement includes two main research thrusts: - Thrust 1 focuses on green hydrometallurgical extraction of antimony from mining feedstocks, aiming to develop low-energy, environmentally friendly extraction processes [3][4] - Thrust 2 explores antimony-based materials for energy storage applications, including advanced electrode materials for lithium-ion and sodium-ion batteries [3][4] Strategic Importance - The integration of upstream development with downstream innovation presents a unique opportunity to establish a domestic mine-to-materials supply chain that aligns with U.S. strategic needs [4] - The collaboration is expected to unlock value from the Mojave Asset and contribute to securing critical supplies of antimony for defense, energy, and AI infrastructure sectors [3][4]

Core Insights - Dow Inc. is facing significant challenges due to uncertainty around tariffs and difficult industry conditions, leading to a 50% cut in its quarterly dividend [1][4][8] Financial Performance - In Q2 2025, Dow reported a loss of $0.42 per share, missing the Zacks Consensus by $0.31, which represents a miss of 282% [2][8] - Net sales decreased by 7% year-over-year to $10.1 billion, with declines across all operating segments, and a sequential decline of 3% [2][3] - Volumes fell by 1%, with gains in the US and Canada offset by declines in India, the Middle East, Africa, and Europe [3] - Cash from operating activities was negative $470 million, down $1.3 billion year-over-year due to lower earnings from margin compression [3] Dividend and Shareholder Returns - The Board of Directors declared a quarterly dividend of $0.35 per share, a reduction of 50% in response to the prolonged industry downturn, which would yield 5.5% annually if maintained [4][5] - This marks the 456th consecutive dividend payment since 1912, showcasing a long-standing commitment to returning value to shareholders [5] Analyst Sentiment - Analysts have become increasingly bearish on Dow's prospects for 2025 and 2026, with earnings estimates cut significantly [6] - The Zacks Consensus for 2025 earnings has been revised down to $0.24 from $0.38, indicating an 86% decline compared to the previous year's earnings of $1.71 [6] Stock Performance - Dow's shares have reached 1-year and 5-year lows, reflecting ongoing investor concerns amid the challenging macroeconomic environment [8][10] - The stock is not considered cheap, trading at a forward P/E of 107 and a PEG ratio of 11.3, indicating a lack of value based on traditional metrics [12]