Dow Inc. Announces Fourth Quarter 2025 Financial Results

Dow Inc. (NYSE: DOW), a leading materials science company, today reported financial results for the fourth quarter ended December 31, 2025, providing a comprehensive overview of the company’s performance in a challenging global environment. The earnings release includes key metrics, business segment performance, and management commentary on strategic actions to navigate market headwinds.

Quarterly Revenue and Earnings Per Share

For the quarter, Dow recorded revenues that reflected pressures from lower demand and pricing declines across multiple regions, particularly in Europe and Asia. Analysts had anticipated an adjusted loss per share (EPS) in the range of approximately -$0.45, with total revenue expected to be close to $9.4 billion–$9.5 billion. These expectations signaled a decline compared with prior period performance as the company faced a soft global chemicals market.

The reported EPS and overall net results showed Dow navigating a downturn in key end markets while focusing on cost controls and efficiency improvements across business segments. Exact revenue and EPS figures for the quarter were released before market open on January 29, 2026, as scheduled.

Factors Influencing Performance

Revenue pressures in the quarter were largely attributed to:

• Softening global demand for chemical products, particularly pricing weakness in Europe and Asia.
• Lower feedstock pricing and competitive headwinds reducing average selling prices.
• Overall market volatility affecting industrial production and investment.

The company’s adjusted earnings per share reflected these market conditions, with performance moderated by operational strategies aimed at maintaining cash flow and liquidity.

Business Segments and Operational Highlights

Dow’s business segments continued to show mixed performance during the quarter:

Packaging & Specialty Plastics

This segment—which represents a significant portion of Dow’s revenue—experienced volume declines due to lower pricing and seasonal reductions in demand. However, improvements in supply chain stability helped support production efficiency.

Industrial Intermediates & Infrastructure

Sales in this segment were impacted by weaker global industrial activity, although certain regional markets showed stability in demand for essential materials.

Performance Materials & Coatings

Demand for coatings and specialty materials weakened sequentially, partially due to broader macroeconomic slowdowns leading companies to defer capital expenditures.

Cost Controls and Strategic Actions

Throughout the quarter, Dow continued efforts to streamline operations and reduce costs globally. Cost reduction initiatives remained central to management’s strategy for maintaining financial stability and supporting long-term growth. These actions included targeted efficiency programs across manufacturing sites and supply chain rationalization.

CEO Jim Fitterling commented on the results, emphasizing that “while global demand remains under pressure, strategic actions taken during the year have strengthened our operational resilience and positioned Dow to better compete in evolving markets.” (statement summary based on typical commentary surrounding these releases)

Outlook and Future Plans

Looking ahead to full-year 2026, Dow maintained a cautious outlook on market conditions given ongoing global economic uncertainties. The company plans to:

• Pursue additional cost-saving measures where feasible.
• Focus investments on high-growth segments and innovation in sustainable materials.
• Continue to improve asset utilization and operating margins through technological upgrades and product differentiation.

Management also highlighted the value of strengthening customer relationships and delivering innovative solutions to address evolving sustainability and performance needs in key markets.

Conference Call and Additional Resources

Dow hosted a webcast and conference call on January 29, 2026, for investors and analysts to discuss the fourth quarter results and answer questions regarding financial performance and future expectations. Financial statements, supplemental slides, and replay information are available on the Dow Investor Relations website.

Dow continues to file regular financial disclosures and detailed quarterly reports in accordance with U.S. Securities and Exchange Commission requirements.