Dow Updates Q3 Outlook Due to Texas Incident & Headwinds in Europe
Dow(DOW) ZACKS·2024-09-14 02:10
Dow Inc. (DOW) updated its third-quarter 2024 earnings guidance, forecasting revenues of approximately 1.3 billion.Dow stated that its revised outlook is mainly prompted by a major unexpected incident in late July at one of its ethylene crackers in Texas. The company is also dealing with higher input costs and margin pressures in Europe. However, improved pricing in North America and lower feedstock costs in its Packaging & Specialty Plastics segment partly offse ...