Dow Inc. (NYSE: DOW) has provided an update on its third quarter 2024 earnings guidance, citing an approximate revenue of $10.6 billion and operating EBITDA of approximately $1.3 billion. This update comes as a result of significant unplanned events at one of its ethylene crackers in Texas in late July, as well as higher input costs and margin compression in Europe. However, these challenges are being partially offset by improved pricing and feedstock costs in packaging & specialty plastics in North America.
Looking ahead to the fourth quarter, the company anticipates typical seasonality in demand but expects a positive impact from lower turnaround costs, higher operating rates as they ramp up their Texas cracker, and fewer weather-related events in the U.S. Gulf Coast.
Dow Inc. is a leading materials science company, operating manufacturing sites in 31 countries and employing approximately 35,900 people. In 2023, the company delivered sales of approximately $45 billion.
Investors and interested parties can find further information and details about the company’s activities on its website.
For media inquiries, please contact: Rachelle Schikorra [email protected] +1 989-638-4090 Following these announcements, the company's shares moved -1.4%, and are now trading at a price of $50.04. For more information, read the company's full 8-K submission here.
