Dow Posts $801M Loss, Cuts Dividend, Closes Plants

Dow Inc. reported a second-quarter net loss of $801 million and a 7-8.9% year-over-year revenue drop to $10.1 billion, missing analyst estimates amid broad segment declines, especially in packaging and specialty plastics. The company cut its quarterly dividend by 50% to 35 cents per share, citing industry headwinds and ongoing weak global demand. Dow also reported negative operating EBIT and negative operating cash flow, reflecting significant margin compression. In response, the company launched a $1 billion cost-saving program, announced job cuts, delayed expansion projects, and confirmed the closure of European plants. CEO Jim Fitterling stated these measures aim to preserve financial flexibility and maximize shareholder value during the downturn. Dow shares fell as much as 15% after the news, prompting analyst downgrades.