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Dow (DOW)

Dow combines global breadth, asset integration and scale, focused innovation and leading business positions to achieve profitable growth. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company, with a purpose to deliver a sustainable future for the world through its materials science expertise and collaboration with its partners. Dow's portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer care. Dow operates 106 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow delivered sales of approximately $39 billion in 2020.

Company profile

Ticker
DOW
Exchange
Website
CEO
James Fitterling
Employees
Incorporated
Location
Fiscal year end
Former names
Dow Holdings Inc.
SEC CIK
Subsidiaries
This list includes companies for which the effective ownership by Dow Inc. • The Dow Chemical Company • American Mortell Corporation • Mortell Company • Arabian Chemical Company (Latex) Ltd. • Arabian Chemical Company (Polystyrene) Limited • Battleground Water Company • Chemars III LLC • DCOMCO, Inc. • Dow Chemical (China) Investment Company Limited ...
IRS number
301128146

DOW stock data

Calendar

22 Jul 22
3 Oct 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 2.47B 2.47B 2.47B 2.47B 2.47B 2.47B
Cash burn (monthly) 246M 89.33M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 765.86M 278.12M n/a n/a n/a n/a
Cash remaining 1.7B 2.19B n/a n/a n/a n/a
Runway (months of cash) 6.9 24.5 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Aug 22 Debra L. Dial Common Stock Buy Acquire P Yes No 52.405 400 20.96K 1,175
26 May 22 Diego Donoso Common Stock Sale back to company Dispose D No No 68.033 14,212 966.88K 26,761
26 May 22 Diego Donoso Common Stock Option exercise Acquire M No No 50.07 16,700 836.17K 40,973
26 May 22 Diego Donoso NQSO Common Stock Option exercise Dispose M No No 50.07 16,700 836.17K 4,349
4 May 22 Howard I Ungerleider Common Stock Gift Dispose G Yes No 0 10,000 0 132,016
4 May 22 Howard I Ungerleider Common Stock Gift Acquire G Yes No 0 8,064 0 142,016
4 May 22 Howard I Ungerleider Common Stock Gift Dispose G No No 0 8,064 0 106,142
4 May 22 Howard I Ungerleider Common Stock Sell Dispose S No No 68.698 104,101 7.15M 114,206
4 May 22 Howard I Ungerleider Common Stock Option exercise Acquire M No No 32.57 104,101 3.39M 218,307
4 May 22 Howard I Ungerleider NQSO Common Stock Option exercise Dispose M No No 32.57 104,101 3.39M 0
13F holders Current Prev Q Change
Total holders 1486 1510 -1.6%
Opened positions 140 187 -25.1%
Closed positions 164 123 +33.3%
Increased positions 647 655 -1.2%
Reduced positions 460 422 +9.0%
13F shares Current Prev Q Change
Total value 24.09B 29.67B -18.8%
Total shares 466.5M 465.89M +0.1%
Total puts 12.36M 12.49M -1.0%
Total calls 8.9M 12.59M -29.3%
Total put/call ratio 1.4 1.0 +40.0%
Largest owners Shares Value Change
Vanguard 64.09M $3.31B -0.4%
BLK Blackrock 46.51M $2.4B -0.1%
STT State Street 38.1M $1.97B -0.8%
Capital World Investors 26.88M $1.39B -15.9%
MS Morgan Stanley 14.21M $733.53M +27.3%
Geode Capital Management 13.1M $676.31M +1.5%
Capital International Investors 10.94M $564.76M -42.3%
NTRS Northern Trust 8.63M $445.49M -2.0%
Dimensional Fund Advisors 7.59M $391.5M -0.2%
AMP Ameriprise Financial 6.88M $354.33M -5.1%
Largest transactions Shares Bought/sold Change
Capital International Investors 10.94M -8.01M -42.3%
Capital World Investors 26.88M -5.09M -15.9%
Parametric Portfolio Associates 0 -3.12M EXIT
MS Morgan Stanley 14.21M +3.05M +27.3%
Capital Research Global Investors 2.17M -2.82M -56.5%
ATAC Neuberger Berman 69.93K -2.34M -97.1%
FMR 3.94M +1.93M +96.3%
Steven Patrick Farmer 1.74M +1.74M NEW
PRU Prudential Financial 2.26M +1.14M +101.6%
Qube Research & Technologies 1.11M +1.11M NEW

Financial report summary

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Risks
  • Global Economic Considerations: The Company operates in a global, competitive environment which gives rise to operating and market risk exposure.
Management Discussion
  • Net sales in the second quarter of 2022 were $15.7 billion, up 13 percent from $13.9 billion in the second quarter of 2021, with local price up 16 percent, volume flat and an unfavorable currency impact of 3 percent. Net sales increased in all operating segments and geographic regions. Local price increased in all operating segments and geographic regions, primarily driven by tight supply and demand dynamics and increasing raw material prices. Local price increased in Packaging & Specialty Plastics (up 14 percent), Industrial Intermediates & Infrastructure (up 14 percent) and Performance Materials & Coatings (up 28 percent). Volume increased in Packaging & Specialty Plastics (up 5 percent) and decreased in Industrial Intermediates & Infrastructure (down 6 percent) and Performance Materials & Coatings (down 3 percent). Volume increases in the U.S. & Canada and Latin America were offset by a volume decrease in EMEAI. Currency unfavorably impacted net sales by 3 percent, driven by EMEAI (down 9 percent) and Asia Pacific (down 3 percent). Excluding the Hydrocarbons & Energy business, net sales increased 8 percent.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: affirmed, attractive, depending, depositary, idled, Moody, multiple, pharmaceutical, preferred, profile, reclassification, register, registration, shelf, unappealable, uncertain, undetermined
Removed: achieve, acrylic, bond, curtailment, Islamic, offsetting, partial, robust, underlying, upstream

Patents

Utility
Multilayer Films Comprising Polyethylene and Barrier Layers and Methods of Producing the Same
29 Sep 22
Embodiments of multilayer films are disclosed comprising a first layer comprising polyethylene, a second layer comprising a first medium density polyethylene; a barrier layer; a third layer comprising a second medium density polyethylene; and a fourth layer comprising polyethylene.
Utility
Polymerization of Ethylene In Solution Processes Using a Ziegler-natta Catalyst and a Hydrogenation Procatalyst
29 Sep 22
Processes of polymerizing olefin monomers and catalyst systems.
Utility
Metal Ionomer Compositions and Methods of Making the Same
29 Sep 22
Disclosed in embodiments herein are ionomers and methods of making the same.
Utility
Esterified Oil Soluble Polyalkylene Glycols
29 Sep 22
Embodiments of the present disclosure are directed processes to produce a low-color esterified oil soluble polyalkylene glycol, the process comprising forming a reaction mixture including a low viscosity oil soluble polyalkylene glycol and an excess amount of valeric acid, where the reaction mixture is formed in the presence of a catalytic amount of ortho-phosphoric acid catalyst to yield an organic phase including the low-color esterified oil soluble polyalkylene glycol.
Utility
Photovoltaic Encapsulant Films Comprising Fumed Alumina
29 Sep 22
The present disclosure relates to a curable composition for an encapsulant film, the curable composition comprising: (A) a polyolefin; (B) a fumed alumina; (C) an organic peroxide; (D) a silane coupling agent; (E) a crosslinking co-agent; and, optionally, (F) an additive component comprising a UV stabilizer, wherein the polyolefin has a volume resistivity of less than 4.0E+15 ohm·cm.