earnings
confidence high
sentiment negative
materiality 0.80
Dow lowers Q3 2024 guidance; unplanned Texas cracker outage; sees EBITDA ~$1.3B
DOW INC.
- Q3 revenue guided to ~$10.6B; Operating EBITDA ~$1.3B.
- Significant unplanned event in late July at a Texas ethylene cracker is a key headwind.
- Higher input costs and margin compression in Europe also weigh on results.
- Headwinds partially offset by improved North America pricing and feedstock costs in Packaging & Specialty Plastics.
- Expects typical Q4 seasonality, but lower turnaround costs and higher Texas cracker operating rates provide a positive impact.