What's Going On With Chemical Giant Dow Shares Today?
Portfolio Pulse from Lekha Gupta
Dow Inc (NYSE:DOW) shares fell after reporting Q1 FY24 results with a 9% Y/Y sales decline to $10.77 billion, slightly above consensus. Adjusted EPS was $0.56, beating the $0.45 consensus. Despite local price drops and mixed regional performance, volume increased by 1% Y/Y. Operating EBIT declined to $674 million, but margins expanded. The company returned $693 million to shareholders and highlighted its strategic focus on long-term growth and sustainability. Exposure to DOW can also be gained through Invesco ETFs DJD and RDIV.
April 25, 2024 | 3:55 pm
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NEUTRAL IMPACT
Invesco Dow Jones Industrial Average Dividend ETF (DJD) offers exposure to Dow Inc, which reported strong Q1 FY24 results and a strategic focus on growth and sustainability.
DJD's exposure to Dow Inc means its performance is partially influenced by Dow's financial health and strategic direction, though diversified holdings mitigate direct impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Invesco S&P Ultra Dividend Revenue ETF (RDIV) offers exposure to Dow Inc, highlighting its recent Q1 FY24 performance and strategic initiatives.
RDIV's link to Dow Inc suggests its performance can be swayed by Dow's outcomes, but the impact is diluted due to RDIV's diversified portfolio.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Dow Inc reported a 9% Y/Y sales decline but beat EPS and sales consensus. Despite challenges, it showed resilience with volume growth and strategic focus on sustainability and long-term growth.
Despite beating expectations, the share price drop reflects market reactions to the sales decline and operational challenges. However, strategic initiatives and shareholder returns signal strength.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100