DOW Dow Chemical Co
Dow Inc. was incorporated on August 30, 2018, under Delaware law, to serve as a holding company for The Dow Chemical Company and its consolidated subsidiaries ("TDCC" and together with Dow Inc., "Dow" or the "Company"). Dow Inc. operates all of its businesses through TDCC, a wholly owned subsidiary, which was incorporated in 1947 under Delaware law and is the successor to a Michigan corporation, of the same name, organized in 1897. The Company's principal executive offices are located at 2211 H.H. Dow Way, Midland, Michigan 48674.
Company profile
Ticker
DOW
Exchange
Website
CEO
James R. Fitterling
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
DuPont de Nemours • Dow • Eastman Chemical • Trinseo • Hexion • Hexcel • Kraton • AdvanSix • PolyOne • Albemarle ...
SEC CIK
Corporate docs
IRS number
381285128
DOW stock data
()
Investment data
| 14 long holdings End of quarter 31 Dec 19 |
Value |
#Shares |
Prev Q |
Change %, QoQ |
|---|---|---|---|---|
| $135.4M | 2.32M | 2.32M | 0 | |
| $132.8M | 2.02M | 2.02M | 0 | |
| $54.18M | 21M | 21M | 0 | |
| $36.19M | 1.85M | 1.85M | 0 | |
| $29.09M | 450.21K | 397.76K | +13.2 | |
| $13.35M | 145.61K | 141.22K | +3.1 | |
| $11.63M | 300.67K | 257.44K | +16.8 | |
| $10.57M | 167.85K | 255.15K | -34.2 | |
| $8.92M | 87.57K | 7.22K | +1113.2 | |
| $7.89M | 183.32K | 284.9K | -35.7 | |
| $6.77M | 53.97K | 12.63K | +327.4 | |
| $6.27M | 571.43K | 1.27M | -55.1 | |
| $1.86M | 22.82K | 39.28K | -41.9 | |
| $26K | 3M | 3M | 0 | |
| 67.4K | EXIT | |||
| 56.55K | EXIT | |||
| 109.4K | EXIT |
Holdings list only includes long positions.
Only includes long positions.
Calendar
7 Feb 20
5 Apr 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|
| Revenue | 11.01B | 13.58B | 14.61B | 14.98B | |
| Net income | 75M | 541M | 878M | 1B | |
| Diluted EPS | 0.1 | 0.74 | |||
| Net profit margin | 0.68% | 3.98% | 6.01% | 6.68% | |
| Net change in cash | -523M | 245M | -679M | -1.42B | |
| Cash on hand | 2.45B | 2.97B | 2.72B | 3.4B | |
| Cost of revenue | 9.42B | 10.71B | 11.82B | 11.93B |
| Annual (USD) | Dec 18 | Dec 17 | Dec 16 | Dec 15 | |
|---|---|---|---|---|---|
| Revenue | 60.28B | 55.51B | 48.16B | 0 | |
| Net income | 4.5B | 466M | 4.32B | 7.69B | |
| Diluted EPS | 3.52 | 6.15 | |||
| Net profit margin | 7.46% | 0.84% | 8.97% | ||
| Net change in cash | -3.46B | -419M | -1.97B | 2.92B | |
| Cash on hand | 2.72B | 6.19B | 6.61B | 8.58B | |
| Cost of revenue | 47.71B | 44.31B | 37.64B | 37.84B |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 19 Nov 18 | DuPont de Nemours | Common Stock, par value $0.0001 per share | Buy | Aquire P | 4.7657 | 36,081 | 171.95K | 21,001,151 |
| 16 Nov 18 | DuPont de Nemours | Common Stock, par value $0.0001 per share | Buy | Aquire P | 4.8421 | 33,110 | 160.32K | 20,965,070 |
| 15 Nov 18 | DuPont de Nemours | Common Stock, par value $0.0001 per share | Buy | Aquire P | 4.9116 | 33,110 | 162.62K | 20,931,960 |
| 14 Nov 18 | DuPont de Nemours | Common Stock, par value $0.0001 per share | Buy | Aquire P | 5.062 | 33,110 | 167.6K | 20,898,850 |
| 13 Nov 18 | DuPont de Nemours | Common Stock, par value $0.0001 per share | Buy | Aquire P | 5.1102 | 33,110 | 169.2K | 20,865,740 |
| 12 Nov 18 | DuPont de Nemours | Common Stock, par value $0.0001 per share | Buy | Aquire P | 5.1719 | 33,110 | 171.24K | 20,832,630 |
| 9 Nov 18 | DuPont de Nemours | Common Stock, par value $0.0001 per share | Buy | Aquire P | 5.2989 | 31,828 | 168.65K | 20,799,520 |
| 8 Nov 18 | DuPont de Nemours | Common Stock, par value $0.0001 per share | Buy | Aquire P | 5.3055 | 30,677 | 162.76K | 20,767,692 |
| 7 Nov 18 | DuPont de Nemours | Common Stock, par value $0.0001 per share | Buy | Aquire P | 5.7668 | 31,339 | 180.73K | 20,737,015 |
| 6 Nov 18 | DuPont de Nemours | Common Stock, par value $0.0001 per share | Buy | Aquire P | 5.7037 | 31,828 | 181.54K | 20,705,676 |
Institutional ownership Q4 2019
0.4% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 28 |
| Opened positions | 4 |
| Closed positions | 3 |
| Increased positions | 8 |
| Reduced positions | 12 |
13F shares |
Current |
|---|---|
| Total value | 156.47M |
| Total shares | 2.86M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| Cibc World Markets | 1.22M | $66.93M |
| Folger Nolan Fleming Douglas Capital Management | 1.1M | $60.36M |
| Grassi Investment Management | 83.47K | $4.57M |
| Cullinan Associates | 77.34K | $4.23M |
| Callahan Advisors | 59.36K | $3.25M |
| UVSP Univest Financial | 50.81K | $2.91M |
| Greenwich Wealth Management | 40.38K | $2.21M |
| Bridge Creek Capital Management | 39.76K | $2.18M |
| Garner Asset Management | 27.98K | $1.53M |
| Cheviot Value Management | 27.83K | $1.52M |
Financial report summary
?Risks
- Global Economic Considerations: The Company operates in a global, competitive environment which gives rise to operating and market risk exposure.
- Financial Commitments and Credit Markets: Market conditions could reduce the Company's flexibility to respond to changing business conditions or fund capital needs.
- Supply/Demand Balance: Earnings generated by the Company's products vary based in part on the balance of supply relative to demand within the industry.
- Litigation: The Company is party to a number of claims and lawsuits arising out of the normal course of business with respect to product liability, patent infringement, employment matters, governmental tax and regulation disputes, contract and commercial litigation, and other actions.
- Health and Safety: Increased concerns regarding the safe use of chemicals and plastics in commerce and their potential impact on the environment has resulted in more restrictive regulations and could lead to new regulations.
- Plastic Waste: Increased concerns regarding plastic waste in the environment, consumers selectively reducing their consumption of plastic products due to recycling concerns, or new or more restrictive regulations and rules related to plastic waste could reduce demand for the Company’s plastic products and could negatively impact the Company’s financial results.
- Operational Event: A significant operational event could negatively impact the Company's results of operations.
- Cyber Threat: The risk of loss of the Company’s intellectual property, trade secrets or other sensitive business information or disruption of operations could negatively impact the Company’s financial results.
- Company Strategy: Implementing certain elements of the Company's strategy could negatively impact its financial results.
- Goodwill: An impairment of goodwill could negatively impact the Company’s financial results.
- Pension and Other Postretirement Benefits: Increased obligations and expenses related to the Company's defined benefit pension plans and other postretirement benefit plans could negatively impact its financial condition and results of operations.
- Separation from DowDuPont: Risks related to achieving the anticipated benefits of Dow's separation from DowDuPont.
Management Discussion
- The Company reported pro forma net sales for 2019 of $43 billion, down 14 percent from $49.9 billion for 2018, primarily driven by a decrease in local price, decreased volume and the unfavorable impact of currency. Sales declines were broad-based and occurred in all segments and geographic regions. Local price decreased 11 percent, primarily in response to lower feedstock and raw material costs and pricing pressures. Local price decreased in Packaging & Specialty Plastics and Industrial Intermediates & Infrastructure (both down 12 percent) and in Performance Materials & Coatings (down 6 percent). Local price decreased in all geographic regions. Volume decreased 2 percent with declines in all geographic regions except Asia Pacific (up 5 percent). Volume decreased in Packaging & Specialty Plastics (down 3 percent) and Performance Materials & Coatings (down 1 percent), and increased in Industrial Intermediates & Infrastructure (up 1 percent). Currency unfavorably impacted net sales by 1 percent compared with the prior year, driven primarily by EMEAI (down 3 percent). Portfolio & Other was flat compared with the prior year.
Content analysis
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| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Avg
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Financial reports
10-K
2019 FY
Annual report
7 Feb 20
10-Q
2019 Q3
Quarterly report
25 Oct 19
10-Q
2019 Q2
Quarterly report
25 Jul 19
10-Q
2019 Q1
Quarterly report
3 May 19
10-K
2018 FY
Annual report
11 Feb 19
10-Q
2018 Q3
Quarterly report
2 Nov 18
10-Q
2018 Q2
Quarterly report
3 Aug 18
10-Q
2018 Q1
Quarterly report
4 May 18
10-K
2017 FY
Annual report
15 Feb 18
10-Q
2017 Q3
Quarterly report
6 Nov 17
Current reports
8-K
Dow announces completion of senior notes offering and full redemption of all outstanding 3.000% notes due 2022
25 Feb 20
8-K
Regulation FD Disclosure
11 Oct 19
8-K
Other Events
23 Sep 19
8-K
Other Events
5 Aug 19
8-K
2018 FY
Other Events
25 Jul 19
8-K
Regulation FD Disclosure
3 Jun 19
8-K
Other Events
20 May 19
8-K
Regulation FD Disclosure
20 May 19
8-K
Regulation FD Disclosure
2 May 19
8-K
Completion of Acquisition or Disposition of Assets
2 Apr 19
Registration and prospectus
424B2
Prospectus for primary offering
23 Mar 20
424B2
Prospectus for primary offering
19 Mar 20
424B3
Prospectus supplement
17 Mar 20
424B3
Prospectus supplement
9 Mar 20
424B2
Prospectus for primary offering
9 Mar 20
8-A12B
Registration of securities on exchange
5 Mar 20
424B3
Prospectus supplement
2 Mar 20
424B2
Prospectus for primary offering
2 Mar 20
424B2
Prospectus for primary offering
24 Feb 20
424B3
Prospectus supplement
24 Feb 20
Proxies
DEFA14A
Additional proxy soliciting materials
24 Apr 17
DEF 14A
Definitive proxy
31 Mar 17
DEFM14A
Proxy related to merger
10 Jun 16
DEFA14A
Additional proxy soliciting materials
25 Apr 16
DEF 14A
Definitive proxy
1 Apr 16
DEFA14A
Additional proxy soliciting materials
28 Apr 15
DEFA14A
Additional proxy soliciting materials
31 Mar 15
DEF 14A
Definitive proxy
27 Mar 15
DFAN14A
Additional proxy materials by non-management
13 Nov 14
DFAN14A
Additional proxy materials by non-management
13 Nov 14
Other
EFFECT
Notice of effectiveness
21 Oct 19
CORRESP
Correspondence with SEC
17 Oct 19
UPLOAD
Letter from SEC
10 Oct 19
SD
Conflict minerals disclosure
22 Mar 19
SD
Conflict minerals disclosure
31 May 18
UPLOAD
Letter from SEC
15 Jun 17
CORRESP
Correspondence with SEC
5 Jun 17
SD
Conflict minerals disclosure
31 May 17
UPLOAD
Letter from SEC
24 May 17
NO ACT
No action letter
24 Jan 17
Ownership
13F-HR
Quarterly holdings report by institutional manager
14 Feb 20
13F-HR
Quarterly holdings report by institutional manager
8 Nov 19
13F-HR
Quarterly holdings report by institutional manager
13 Aug 19
13F-HR
Quarterly holdings report by institutional manager
10 May 19
13F-HR
Quarterly holdings report by institutional manager
11 Feb 19
4
AgroFresh Solutions / CHEMICAL CO /DE/ DOW ownership change
20 Nov 18
4
AgroFresh Solutions / CHEMICAL CO /DE/ DOW ownership change
19 Nov 18
4
AgroFresh Solutions / CHEMICAL CO /DE/ DOW ownership change
15 Nov 18
4
AgroFresh Solutions / CHEMICAL CO /DE/ DOW ownership change
13 Nov 18
13F-HR
Quarterly holdings report by institutional manager
13 Nov 18
Patents
APP
Utility
Method for Making Silicone Pressure Sensitive Adhesive
5 Mar 20
A method for making a pressure sensitive adhesive curable composition is performed at a temperature no greater than 35° C.
GRANT
Utility
Silicone release coating composition and article having cured release coating
24 Dec 19
A silicone release coating composition is disclosed.
APP
Utility
Multilayer Films Having Tunable Strain Hardening
5 Dec 19
A multilayer cast film includes a cling layer, a release layer, and at least one core layer disposed between and contacting the cling layer and the release layer.
APP
Utility
Polyorganosiloxane Release Coating and Method for Its Preparation and Use
17 Oct 19
Provided is a release coating composition including a combination of branched polyorganosiloxanes.