Dow Cuts Dividend In Half As Losses Mount And Tariffs Amplify Industry Pain

Dow Inc. (NYSE:DOW) shares plummeted Thursday after the chemical manufacturer posted a larger-than-expected loss in the second quarter and cut its dividend in half. The company cited persistent macroeconomic pressure, margin compression, and global trade disruptions as reasons for the cutback.

The company reported an adjusted loss of 42 cents per share, wider than Wall Street’s projected 12-cent loss, according to consensus estimates. Revenue fell 7% year over year to $10.104 billion, missing the $10.252 billion estimate.

Dow posted a GAAP net loss of $801 million for the quarter, while operating EBIT swung to a loss of $21 million from $819 million in the same period a year ago.

Also Read: Dow Cuts 800 Jobs, Shuts Major European Facilities To Boost Profit

Operating cash flow from continuing operations was negative $470 million, a decline of $1.3 billion from the prior year, driven by lower earnings and seasonal working capital needs.

Sales declined across all operating segments. Packaging & Specialty Plastics revenue fell 9% to $5.03 billion, driven by weaker downstream polymer prices.

Industrial Intermediates & Infrastructure revenue declined 6% ...