Summary by Moomoo AI
Dow Inc. has revised its Q3 2024 earnings guidance, projecting revenue of approximately $10.6 billion and Operating EBITDA of about $1.3 billion. The update is primarily due to an unplanned event at a Texas ethylene cracker in late July and higher input costs and margin compression in Europe. These challenges are partially offset by improved North America pricing and feedstock costs in Packaging & Specialty Plastics.CEO Jim Fitterling anticipates typical seasonal demand in Q4, with positive impacts expected from lower turnaround costs, higher operating rates as the Texas cracker ramps up, and fewer weather-related events in the U.S. Gulf Coast. The company remains focused on maintaining operational and financial discipline while executing long-term growth strategies.Dow will participate in the 12th Annual Morgan Stanley Laguna Conference on September 12, 2024, where Fitterling will engage in a fireside chat at 11:45 a.m. ET. The event will be accessible via live webcast, with a replay and transcript available afterward.