Your email has been successfully added to our mailing list.

×
0 0 0 0 0.000859660434128501 -0.000644745325596414 0.00601547388781427 0.0221362561788094
Stock impact report

Dow to book Q3 restructuring charges of $500 million to $600 million as it cuts costs during pandemic [MarketWatch]

Dow Inc. (DOW) 
Last dow inc. earnings: 4/30 06:00 am Check Earnings Report
Company Research Source: MarketWatch
Dow Inc. said Wednesday it expects to book restructuring charges of $500 million to $600 million in the third quarter, as the materials science company, which makes plastics and paints among other products, pushes ahead with a cost cutting program during the pandemic. The company said the charges will consist of severance and related benefit costs, exit and disposal activity costs and asset write-downs and write-offs. The company is on track to achieve its reduced target for capex of $1.25 billion in 2020, down from $2.0 billion in 2019. "Given the expected gradual and uneven global economic recovery from COVID-19, we announced in July that we are taking necessary actions to continue to optimize our asset footprint, reduce structural costs and enhance the competitiveness of our business over the long-term," Chief Executive Jim Fitterling said in a statement. The company is expecting to close the sale of rail infrastructure assets at six North American sites to Watco three months earli Show less Read more
Impact Snapshot
Event Time:
DOW
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for DOW alerts
Opt-in for
DOW alerts

from News Quantified
Opt-in for
DOW alerts

from News Quantified