Dow Sees Strengthening September Orders, Minimal Tariff Exposure
DOW sits 46% above its 52-week low of $20.65.
Summary
At a Morgan Stanley conference, Dow provided a broad operational update. The company sees a strengthening order book in September, including in Asia, and says direct exposure to tariff risks remains minimal. It completed site transformations at six sites and started work at three more in Q3. Coatings continues to gain market share, and data centers are providing a demand tailwind in industrials. However, Dow sees temporary margin pressure in Europe and Asia from higher feedstock costs before price increases take effect, and mortgage rates at 7% are weighing on building and construction. This follows the Q2 earnings beat and the recent working-capital release guidance; the new details on order trends and tariff exposure add incremental clarity to the demand outlook.
At the time of this announcement, DOW was trading at $30.17 on NYSE in the Manufacturing sector, with a market capitalization of approximately $21.8B. The 52-week trading range was $20.65 to $42.74. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.