DOW
Dow Inc.22.84
-0.61-2.6%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
16.23BP/E (TTM)
-Basic EPS (TTM)
-1.61Dividend Yield
0.1%Recent Filings
8-K
8-K
Dow completes $1.4B notes issuance
The Dow Chemical Company sealed a $1.4 billion notes offering on September 8, 2025, after inking the deal on September 3. It issued $750 million of 4.800% notes maturing in 2031 and $650 million of 5.650% notes due 2036, under a 2019 indenture. This debt raise bolsters liquidity amid market demands. No use of proceeds disclosed.
8-K
Dow sells more Diamond stake
Dow Inc. completed the sale of an additional 9% equity stake in Diamond Infrastructure Solutions to a Macquarie Asset Management fund on August 31, 2025, netting $540 million and pushing total transaction proceeds to approximately $3 billion. This expands the partnership, with Macquarie's stake rising from 40% to 49%, while Dow retains majority control and operational oversight of the U.S. Gulf Coast assets. The move bolsters a value-driven alliance targeting growth in energy, environment, and infrastructure services. Yet risks like market volatility could impact outcomes.
10-Q
Q2 FY2025 results
Dow's Q2 2025 net sales fell 7% y/y to $10.1B, with local prices down 7% and volumes off 1%, hit by softer demand across segments like Packaging & Specialty Plastics (down 9%) and weaker pricing in EMEAI and Asia Pacific. Yet margins held amid lower feedstock costs, though $591M in restructuring charges—mostly $334M asset write-downs for European site closures—drove a $835M net loss, versus $439M profit last year; diluted EPS swung to -$1.18 from $0.62, consistent with 709.5M shares. Cash burned $379M on operations, but a $2.4B stake sale in Diamond Infrastructure boosted liquidity to $2.4B, with $16.8B gross debt and full $8.4B credit availability intact. Free cash flow turned negative at -$1.7B (derived), while YTD figures align without dilution quirks. These moves sharpen competitiveness, but trade tariffs loom as a key risk.
8-K
Dow Q2 sales drop, EBIT loss
Dow Inc. reported Q2 2025 net sales of $10.1 billion, down 7% year-over-year, with operating EBIT swinging to a $21 million loss from $819 million, hammered by lower prices and equity earnings across all segments. The Poly-7 startup balanced U.S. ethylene supply, promising future margin gains, while aggressive restructuring and cost cuts target over $6 billion in value by 2026 amid trade uncertainties. Dividend adjustments preserve capital flexibility. Oversupply from anti-competitive exports looms large.
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