Dow Expects Q3 Revenue To Be Approximately $10.6B And Operating EBITDA ~$1.3B; Says Updated Outlook Is Driven By An Unplanned Event That Occurred In July At One Of Its Ethylene Crackers In Texas, Says Also Experiencing Higher Input Costs And Margin Compression In Europe
Portfolio Pulse from Benzinga Newsdesk
Dow Inc. has updated its Q3 revenue expectations to approximately $10.6 billion and operating EBITDA to around $1.3 billion. This revision is due to an unplanned event at one of its ethylene crackers in Texas and higher input costs and margin compression in Europe.
September 12, 2024 | 12:07 pm
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Dow Inc. has revised its Q3 revenue and EBITDA expectations due to an unplanned event at a Texas ethylene cracker and increased costs in Europe, indicating potential financial strain.
The unplanned event at the Texas ethylene cracker likely disrupted production, impacting revenue. Additionally, higher input costs and margin compression in Europe suggest financial challenges, potentially leading to a negative short-term impact on Dow's stock price.
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