Thursday, Dow reported a fourth-quarter per-share loss of 34 cents from sales of $9.5 billion. Wall Street was looking for a 46-cent loss from sales of $9.5 billion.
Dow said on Thursday it would slash about 4,500 jobs in a sweeping restructuring aimed at boosting profitability by at least $2 billion, as the chemicals maker battles persistent weak demand and industrywide structural pressures.
Targeting at least $2 billion near-term Op. EBITDA improvement Actions aim to radically simplify the Company's operating model, streamline its processes, reset its cost structure and modernize how it serves customers Benefits will be accretive to 2025 earnings levels and Dow's previously announced $1 billion cost savings program MIDLAND, Mich.
Dow Inc. (DOW) faces a challenging chemical market but is aggressively executing a $1B cost-cutting plan, ahead of schedule, with European restructuring prioritized. Packaging & Specialty Plastics, accounting for ~50% of sales, is under pressure from global polyethylene overcapacity, especially from China, impacting segment margins and overall profitability. DOW's valuation is mid-pack among pe...
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