Dow profits hit by oil crash, industrial lockdowns [Reuters]
Dow Inc. (DOW)
Last dow inc. earnings: 4/30 06:00 am
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Source: Reuters
Dow profits hit by oil crash, industrial lockdowns (Reuters) - Dow Inc ( DOW.N ) posted a drop in adjusted quarterly profit on Thursday as its margins were squeezed by coronavirus-led falls in demand in some end markets and lower selling prices for its chemicals due to the collapse in global oil prices. While marginally topping analysts’ estimates for net profit and sales, Dow, which makes chemicals for industries ranging from plastics, to paints to building materials, said local prices fell 8%, driven by the decline in global energy prices. Volumes fell 2%, hurt by lower demand for polyurethanes - a plastic material - and for chemicals used in construction and automobiles, among the markets hit worst by the economic shutdowns to halt the spread of the virus. To cope with the hit, Dow said it would further cut its spending plans to $1.25 billion, a $750 million cut from last year, trim operating expenses by $350 million, and shore up another $500 million from working capital. The co
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DOW
Earnings
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DOW
Sec Filings
- 12/2/25 - Form 4
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- DOW's page on the SEC website