Q1 2026 Dow Inc Earnings Call Transcript
Key Points
- Dow Inc (DOW) reported a 3% sequential volume growth and net sales of $9.8 billion for the first quarter of 2026.
- The company achieved operating EBITDA of $873 million and approximately $193 million in period cost savings.
- Dow Inc (DOW) is leveraging its advantaged feedstock positions and purpose-built asset footprint to enhance competitiveness.
- The company is on track to deliver the remaining cost savings from its $1 billion program by the end of the year.
- Dow Inc (DOW) has a strong liquidity position with over $4 billion of cash on hand and no substantive debt maturities until 2029.
- The conflict in the Middle East has created significant supply chain disruptions, impacting Dow Inc (DOW)'s operations.
- Higher global oil and naphtha prices are expected to steepen the global cost curve, affecting profitability.
- The company anticipates potential delays or cancellations of planned industry capacity additions due to ongoing conflicts.
- Dow Inc (DOW) faces challenges in its Industrial Intermediates & Infrastructure segment with an 8% year-over-year decline in net sales.
- The Performance Materials & Coatings segment is experiencing rising propylene costs, which may delay seasonal demand uplift.
Greetings, and welcome to the Dow first-quarter 2026 earnings conference call. (Operator Instructions)
As a reminder, this conference call is being recorded. I'll now turn it over to Dow Investor Relations Vice President, Andrew Riker. Mr. Riker, you may begin.
Good morning. Thank you for joining today. The accompanying slides are provided through this webcast and posted on our website. I'm Andrew Riker, Dow's Investor Relations Vice President. Leading today's call are Jim Fitterling, Chair and Chief Executive Officer; Karen S. Carter, Chief Operating Officer; and Jeff Tate, Chief Financial Officer.
Please note, our comments contain forward-looking statements and are subject to the related cautionary statement contained in the earnings news release and slides. Please refer to our public filings for further information about principal risks and uncertainties. Unless otherwise specified, all financials, where applicable, exclude significant items. We will also refer to non-GAAP measures
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