Dow posts smaller-than-expected Q1 net sales drop

Dow

23/04/2026 11:12

Overview

US materials science firm's Q1 net sales fell less than analyst expectations

Co reported smaller-than-expected adjusted loss per share

Company's Q1 volumes impacted by lower prices and Middle East conflict

Outlook

Company sees positive momentum from pricing actions across all businesses and regions

Dow says it is leveraging its asset footprint and supply chains to navigate Middle East conflict

Company remains focused on cost savings, cash support, and growth in attractive markets

Result Drivers

LOWER PRICES - Dow said lower local prices, particularly in polyethylene and industrial intermediates, weighed on Q1 results

MIDDLE EAST CONFLICT - Co said Middle East conflict drove lower volumes in Industrial Intermediates & Infrastructure

PLANNED MAINTENANCE & CRACKER IDLING - Lower merchant olefins sales due to planned maintenance in the U.S. Gulf Coast and idling of a cracker in EMEAI more than offset gains in polyethylene volumes

Company press release: ID:nPnbnLdY9a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Sales
Beat
$9.79 bln
$9.67 bln (12 Analysts)
Q1 Adjusted EPS
Beat
-$0.14
-$0.29 (14 Analysts)
Q1 EPS
-$0.74


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 11 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the commodity chemicals peer group is "buy."

Wall Street's median 12-month price target for Dow Inc is $40.50, about 4.4% above its April 22 closing price of $38.81

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)