Summary by Moomoo AI
Dow Inc. has revised its third quarter 2024 guidance, projecting revenue of approximately $10.6 billion and Operating EBITDA of around $1.3 billion. The updated outlook primarily reflects impacts from an unexpected disruption at a Texas ethylene cracker in late July, coupled with higher input costs and margin compression in European operations. These challenges are partially offset by improved North America pricing and feedstock costs in Packaging & Specialty Plastics.Looking ahead to Q4, the company anticipates typical seasonal demand patterns but expects positive momentum from reduced turnaround costs and higher operating rates as the Texas facility returns to normal operations. Management remains committed to maintaining operational and financial discipline while pursuing long-term growth initiatives.
