Dow Inc. (DOW) Research | Aerarium Research

Forward Estimates

EPS Estimates

Current Qtr

$1.21

$1.04$1.59

vs $-0.42+387.4%

13 analysts

Next Qtr

$1.19

$0.79$1.73

vs $-0.19+724.8%

11 analysts

Current Yr

$2.96

$1.99$4.00

vs $-0.94+415.2%

14 analysts

Next Yr

$2.14

$1.10$3.40

vs $2.96-27.8%

15 analysts

Revenue Estimates

Current Qtr

$12.13B

$11.44B$12.57B

vs $10.10B+20.0%

11 analysts

Next Qtr

$12.05B

$10.85B$13.56B

vs $9.97B+20.8%

11 analysts

Current Yr

$45.18B

$43.05B$49.25B

vs $39.97B+13.0%

14 analysts

Next Yr

$45.60B

$42.57B$51.51B

vs $45.18B+0.9%

14 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for DOW on EDGAR.

DOW filing events and research context
Filed	Item	Context
Apr 24, 2026	mda_quarterly	Dow reported first-quarter 2026 net sales of $9.8 billion, a 6% decrease year-over-year, driven by a 7% decline in local prices and a 2% drop in volume. Sales declines were most pronounced in the U.S. & Canada (down 10%) and within the Packaging & Specialty Plastics and Industrial Intermediates & Infrastructure segments. The company realized a net loss of $533 million, heavily impacted by $292 million in losses related to the Sadara project financing debt guarantee. Conversely, cash provided by operating activities rose to $1.124 billion, bolstered by a $1 billion damages judgment from Nova Chemicals. Geopolitical conflict in the Middle East disrupted the Strait of Hormuz, creating supply constraints in Asia Pacific and Europe. To mitigate these headwinds, Dow launched "Transform to Outperform," a restructuring initiative expected to cost $1.2 billion over two years to reduce costs and simplify operations. Financial stability was pressured as S&P and Moody's downgraded TDCC's credit ratings to BBB- and Baa3, respectively, with negative outlooks. Full-year capital expenditures are projected at $2.5 billion, including the Fort Saskatchewan Path2Zero project. Additionally, Karen S. Carter will transition to CEO on July 1, 2026.
Feb 3, 2026	business	Dow operates through three primary segments: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings. In fiscal year 2025, the company reported a net loss of $2.44 billion, reflecting an unprecedented industry downturn and significant margin compression. Packaging & Specialty Plastics net sales fell 8% to $19.97 billion, driven by lower pricing for polyethylene and functional polymers. The Industrial Intermediates & Infrastructure segment reported an operating loss of $561 million, impacted by lower operating rates and equity losses from the EQUATE and Sadara joint ventures. Performance Materials & Coatings also faced headwinds in coatings and siloxanes. To navigate these challenges, Dow is executing its "Transform to Outperform" productivity initiative and a 2025 Restructuring Program, which includes asset rationalization and facility shutdowns in Germany and the United Kingdom. Strategically, the company is advancing its "Decarbonize & Grow" plan, highlighted by the Path2Zero net-zero ethylene project. Key risks include commodity price volatility, macroeconomic uncertainty, and substantial environmental liabilities related to asbestos and remediation. Despite the downturn, Dow maintains a strong liquidity position with $3.8 billion in cash and expects a $1.3 billion inflow from a legal judgment involving Nova Chemicals.
Feb 3, 2026	mda	Dow reported a 2025 net loss of $2.6 billion on $40 billion in net sales, a 7% year-over-year decline driven by a 7% drop in local prices. The company is navigating significant macroeconomic headwinds, including sluggish global GDP growth, industry overcapacity, and geopolitical volatility stemming from trade policy shifts and tariffs. To mitigate these pressures, Dow launched the "Transform to Outperform" initiative, targeting a $2 billion Operating EBITDA improvement through structural cost reductions and operational simplification. Strategic restructuring involves asset rationalization, including the planned shutdown of ethylene and chlor-alkali facilities in Germany and siloxanes production in the United Kingdom. Capital expenditures were reduced to $2.5 billion, and the net-zero Path2Zero project in Alberta was delayed. Key segments include Packaging & Specialty Plastics, focused on polyethylene and polyolefin elastomers; Industrial Intermediates & Infrastructure, centered on ethylene and propylene oxide derivatives; and Performance Materials & Coatings, serving the coatings and silicone markets. Financial volatility is evidenced by a $690 million goodwill impairment and a 50% dividend reduction. Analysts should monitor the execution of cost-cutting measures and the company's ability to manage transition risks associated with circularity and decarbonization mandates.

Filed

Item

Context

Apr 24, 2026

mda_quarterly

Dow reported first-quarter 2026 net sales of $9.8 billion, a 6% decrease year-over-year, driven by a 7% decline in local prices and a 2% drop in volume. Sales declines were most pronounced in the U.S. & Canada (down 10%) and within the Packaging & Specialty Plastics and Industrial Intermediates & Infrastructure segments. The company realized a net loss of $533 million, heavily impacted by $292 million in losses related to the Sadara project financing debt guarantee. Conversely, cash provided by operating activities rose to $1.124 billion, bolstered by a $1 billion damages judgment from Nova Chemicals. Geopolitical conflict in the Middle East disrupted the Strait of Hormuz, creating supply constraints in Asia Pacific and Europe. To mitigate these headwinds, Dow launched "Transform to Outperform," a restructuring initiative expected to cost $1.2 billion over two years to reduce costs and simplify operations. Financial stability was pressured as S&P and Moody's downgraded TDCC's credit ratings to BBB- and Baa3, respectively, with negative outlooks. Full-year capital expenditures are projected at $2.5 billion, including the Fort Saskatchewan Path2Zero project. Additionally, Karen S. Carter will transition to CEO on July 1, 2026.

Feb 3, 2026

business

Dow operates through three primary segments: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings. In fiscal year 2025, the company reported a net loss of $2.44 billion, reflecting an unprecedented industry downturn and significant margin compression. Packaging & Specialty Plastics net sales fell 8% to $19.97 billion, driven by lower pricing for polyethylene and functional polymers. The Industrial Intermediates & Infrastructure segment reported an operating loss of $561 million, impacted by lower operating rates and equity losses from the EQUATE and Sadara joint ventures. Performance Materials & Coatings also faced headwinds in coatings and siloxanes. To navigate these challenges, Dow is executing its "Transform to Outperform" productivity initiative and a 2025 Restructuring Program, which includes asset rationalization and facility shutdowns in Germany and the United Kingdom. Strategically, the company is advancing its "Decarbonize & Grow" plan, highlighted by the Path2Zero net-zero ethylene project. Key risks include commodity price volatility, macroeconomic uncertainty, and substantial environmental liabilities related to asbestos and remediation. Despite the downturn, Dow maintains a strong liquidity position with $3.8 billion in cash and expects a $1.3 billion inflow from a legal judgment involving Nova Chemicals.

Feb 3, 2026

mda

Dow reported a 2025 net loss of $2.6 billion on $40 billion in net sales, a 7% year-over-year decline driven by a 7% drop in local prices. The company is navigating significant macroeconomic headwinds, including sluggish global GDP growth, industry overcapacity, and geopolitical volatility stemming from trade policy shifts and tariffs. To mitigate these pressures, Dow launched the "Transform to Outperform" initiative, targeting a $2 billion Operating EBITDA improvement through structural cost reductions and operational simplification. Strategic restructuring involves asset rationalization, including the planned shutdown of ethylene and chlor-alkali facilities in Germany and siloxanes production in the United Kingdom. Capital expenditures were reduced to $2.5 billion, and the net-zero Path2Zero project in Alberta was delayed. Key segments include Packaging & Specialty Plastics, focused on polyethylene and polyolefin elastomers; Industrial Intermediates & Infrastructure, centered on ethylene and propylene oxide derivatives; and Performance Materials & Coatings, serving the coatings and silicone markets. Financial volatility is evidenced by a $690 million goodwill impairment and a 50% dividend reduction. Analysts should monitor the execution of cost-cutting measures and the company's ability to manage transition risks associated with circularity and decarbonization mandates.

Forward Estimates

DOW filing events and research context

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