DOW INC. (DOW): restructuring charge — Dow approves shutdown of three European assets, charges up to $790M

DOW INC.

Charges of $630M-$790M in Q2 2025: $330M-$360M asset writedowns, $160M-$260M exit costs, $140M-$170M severance.
Cash outlay ~$500M over four years; Op. EBITDA uplift target $200M, 50% by end-2027, full by 2029.
Shutdowns: Böhlen ethylene cracker (4Q27), Schkopau chlor-alkali (4Q27), Barry siloxanes (mid-2026); ~800 roles impacted.
Actions across three segments (P&SP, II&I, PM&C) and corporate to reduce merchant exposure and high-cost assets.
Additional charges up to $350M implementation costs, mainly cash over program life.

item 2.05 item 2.06 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

DOW INC. announced a restructuring with charges of $630 million to $790 million affecting global asset footprint.

Type: restructuring
Charge: $630 million to $790 million
Affected area: global asset footprint

Exact text from the filing

costs. The Company will record a charge in the second quarter of 2025 for costs associated with these activities. In total, these costs are expected to be in the range of $630 million to $790 million and will consist of asset write-downs and write-offs ranging from $330 million to $360 million (and described more fully in Item 2.06), costs associated with exit

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Source: SEC EDGAR

accession 0001751788-25-000139

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