Dow beat Wall Street expectations for third-quarter adjusted profit on October 22, reporting 71 cents per share versus an analysts' average estimate of 64 cents.
The company said higher polyethylene prices and cost-cutting measures helped offset higher raw material and logistics costs. Net sales in its packaging and specialty plastics segment rose over 18% to $5.8 billion year on year.
Industrial intermediates and infrastructure net sales rose 7.9% to $3.06 billion, while performance materials and coatings rose over 8% to $2.25 billion.
The closure of the Strait of Hormuz after the escalation of the Iran conflict in late February has disrupted oil and petrochemical flows, tightening global chemical supplies and driving up plastics and polymer prices.
CEO Karen S. Carter said Dow remains on track to generate more than $1 billion in annual EBITDA uplift in both 2026 and 2027 through cost cuts and portfolio optimization.
