Chemicals Company Dow Cuts Outlook Amid Production Challenges
Portfolio Pulse from Lekha Gupta
Dow Inc. has revised its third-quarter outlook, lowering revenue guidance to $10.6 billion and operating EBITDA to $1.3 billion due to production challenges and higher costs. Despite these issues, improved pricing and feedstock costs in North America may offer some relief.
September 12, 2024 | 4:51 pm
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NEGATIVE IMPACT
Invesco Dow Jones Industrial Average Dividend ETF, which includes Dow Inc., may see minor impacts due to Dow's revised outlook. The ETF's performance could be slightly affected by Dow's lowered guidance.
As an ETF that includes Dow Inc., DJD may experience minor negative impacts due to Dow's lowered guidance. However, the diversified nature of the ETF may mitigate significant effects.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 30
NEGATIVE IMPACT
FT Vest DJIA Dogs 10 Target Income ETF, which includes Dow Inc., might experience slight impacts due to Dow's revised outlook. The ETF's performance could be marginally affected by Dow's lowered guidance.
As an ETF that includes Dow Inc., DOGG may see minor negative impacts due to Dow's lowered guidance. The ETF's diversified holdings may help cushion significant effects.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 30
NEGATIVE IMPACT
Dow Inc. has lowered its Q3 revenue guidance to $10.6 billion and operating EBITDA to $1.3 billion due to production challenges and higher costs. However, improved pricing and feedstock costs in North America may mitigate some impacts.
Dow Inc. revised its Q3 outlook downward, citing production challenges and higher costs, which are likely to negatively impact its stock price in the short term. However, some relief may come from improved pricing and feedstock costs in North America.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100