Dow (NYSE: DOW): GAAP Income (Loss) from Continuing Ops, Net of Tax, Cash Provided by Operating Activities – Continuing Ops. Free cash flow is defined as "Cash Flow from Operating Activities - Continuing Operations," less capital expenditures. Lower polyethylene margins and reduced equity earnings more than offset stranded cost savings and volume gains in packaging applications. References to Dow or the Company mean Dow Inc. and its subsidiaries. Mike Rowe. We are determined to learn from our response to the crisis and accelerate our transformation to ensure that M&S is changed for good. See page 13 for further discussion. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Report 18 Sep 2020. The findings, interpretations, conclusions and recommendations expressed herein do not necessarily reflect the views of IOM or its Member States. Stockholders approved an advisory vote on executive compensation, voted to approve executive compensation on an annual basis, and ratified the appointment of Deloitte & Touche LLP as Dow’s independent auditor for 2020. Three Months Ended March 3 1 Three Months Ended December 31 In millions, except margin ... Dow reports first quarter 2020 … 2019 Annual Report and Form 10K. News von Bayer. We also experienced margin compression in our upstream polyurethanes and silicones chains on weaker industry fundamentals. November 13, 2020 | Announcement of 2020 DJSI Members The majority of companies participating in the CSA are making use of the extended assessment period. Jack Broodo. This is Ofcom’s third annual Media Nations, a research report for industry, policy makers, academics and consumers. Company. Annual Reports. The Kentucky Division of Water (the Division) is pleased to provide its Annual Report for State Fiscal Year 2020 (July 1, 2019 through June 30, 2020, or ^SFY20 _). 2018 Annual Report PDF PDF Format Download (opens in new window) PDF 6.92 MB. Dow reports third quarter 2020 results. Dow Inc. was formed as a wholly owned subsidiary of DowDuPont to serve as the holding company for the materials science business. For further information on the unaudited pro forma financial information, please refer to the Company's Current Report on Form 8-K dated June 3, 2019. Free cash flow improved by $240 million, supported by controls on expense and capital spending and additional stranded cost removal. Stockholders today elected Samuel R. Allen, Ajay Banga, For more information, please visit www.dow.com or follow @DowNewsroom on Twitter. And, we leveraged our extensive geographic reach and asset flexibility to quickly respond to shifting trends in regional consumption, as well as in feedstock prices, as crude oil prices declined 60% through the quarter. Additionally, there may be other risks and uncertainties that Dow is unable to identify at this time or that Dow does not currently expect to have a material impact on its business. 2 Contents Introduction 4 Welcome 3 Biggest movers 32 Net Zero: a global imperative 34 Global results International Top 10 6 Data dashboard 8 International … We partly offset the headwinds with stranded cost removal, effectively managing our working capital, and demonstrating our operational responsiveness and agility. If you experience any issues with this process, please contact us for further assistance. As a result, the Company has no substantive long-term debt due until the second half of 2023. Dow will host a live webcast of its first quarter earnings conference call with investors to discuss its results, business outlook and other matters today at 8:00 a.m. Kyle Bandlow Overview . The results for the three months ended March 31, 2020, are presented under accounting principles generally accepted in the United States of America ("U.S. GAAP"). Local price decreased 7%, and currency decreased net sales by 1%. “While we are beginning to see indications of a recovery from COVID-19 in China, the full extent of the impact of the pandemic in other major geographies is still being determined as the virus continues to spread,” said Fitterling. TDCC and Historical DuPont each merged with subsidiaries of DowDuPont and, as a result, TDCC and Historical DuPont became subsidiaries of DowDuPont (the “Merger”). 17. Chief Executive Officer. Unaudited Pro Forma Financial Information. Operating EPS excludes significant items in the quarter, totaling $0.27 per share, related to restructuring and asset related charges; early extinguishment of debt; and integration and separation costs. The Company’s ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company. Share. The chairman has the lead responsibility for managing the board. In addition, forward-looking statements also involve risks, uncertainties and other factors that are beyond Dow’s control that could cause Dow’s actual results to differ materially from those projected, anticipated or implied in the forward looking statements. However, these gains were more than offset by declines in polyurethanes and silicones applications, including automotive and durable goods. and presentations, filter by type and publication date. Bayer beschleunigt Transformation. Dow Inc. had 741,678,966 shares of common stock, $0.01 par value, outstanding at January 31, 2020. Total cash and available committed liquidity at quarter-end was approximately $12 billion. Consumer Solutions reported a decrease in net sales due to local price and volume declines. During the quarter, the business completed planned maintenance activity at its Texas-9 cracker, which expanded the facility’s annual capacity by 500,000 metric tons to 2 million metric tons. This earnings release includes information that does not conform to U.S. GAAP and are considered non-GAAP measures. +1 989-636-0920, Media: Karen S. Carter. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter. 2020. was $1.2 billion, up $193 million versus the year-ago period. Remember, you can manage cookies in your browser’s settings. Press Releases; Events & Presentations; Stock Information. ... MORE. If a hardcopy is available, you can click the + icon and the hardcopy will be automatically added to your cart. 3Q 2020 Earnings. Related Charts. Dow operates 109 manufacturing sites in 31 countries and employs approximately 36,500 people. We showcased the necessity and value of our products as we met strong demand from our customers in food packaging, health and hygiene, and cleaning end-markets. interactive report . operations, "Income from continuing operations before income taxes" or pro forma "Income from continuing operations before income taxes.". Kyle Bandlow Op. Our … October 22, 2020 08:00 AM ET. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. Dow (NYSE: DOW) combines global breadth, asset integration and scale, focused innovation and leading business positions to achieve profitable growth. Packaging and Specialty Plastics reported a net sales decline, driven by reduced polyethylene product prices. Local price decreased 9%, and currency decreased net sales by 1%. Demand grew in food, health and hygiene packaging; surfactants and solvents for cleaning; and coatings end-markets. Volume declined 2% versus pro forma results in the year-ago period, and decreased 1% excluding the Hydrocarbons and Energy business. You can access further information here. We delivered $1.2 billion in cash from continuing operations. Following the Company’s 2020 Annual Meeting of Stockholders, the Board of Directors declared a quarterly dividend of 70 cents per share, payable June 12, 2020, to shareholders of record on May 29, 2020. Changes in assets and liabilities, net of effects of acquired and divested companies: Cash provided by operating activities - continuing operations, Cash provided by operating activities - discontinued operations, Proceeds from sales of property and businesses, net of cash divested, Investments in and loans to nonconsolidated affiliates, Distributions and loan repayments from nonconsolidated affiliates, Proceeds from sales and maturities of investments, Cash used for investing activities - continuing operations, Cash used for investing activities - discontinued operations, Transaction financing, debt issuance and other costs, Employee taxes paid for share-based payment arrangements, Distributions to noncontrolling interests. September 2020. Dow delivered sales of approximately $43 billion in 2019. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Local price declined 8% versus pro forma results in the year-ago period, primarily reflecting lower global energy prices. Oct 22, 2020 6:00AM EDT. “Our volumes and operating rates reflected divergent demand patterns, as we met increasing needs for consumer staple non-durable goods, which countered lower requirements for discretionary durable goods. Pro forma operating EBIT is defined as pro forma earnings (i.e., "Pro Forma income from continuing operations before income taxes") before interest, excluding the impact of significant items. Item 1A of the combined Dow Inc. and TDCC Annual Report on Form 10-K for the fiscal year ended December 31, 2019. Hydrocarbons & Energy reported a decline in net sales with decreases in volume, price and currency. The meeting will be available via webcast replay on Dow’s website. Additionally, there may be other risks and uncertainties that Dow is unable to identify at this time or that Dow does not currently expect to have a material impact on its business. Market Snapshot Dow, S&P 500 carve out records in final session of year, with Nasdaq scoring best annual gain since 2009 Last Updated: Dec. 31, 2020 at 4:23 p.m. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Welcome to the Lenzing Download Center. Reconciliation of Non-GAAP Cash Flow Measures, Cash provided by operating activities - continuing operations (GAAP), View source version on businesswire.com: Jim Fitterling, chairman and chief executive officer, commented on the quarter: “I am proud of the Dow team’s determination and resilience in the midst of the global pandemic and rapid decline in global energy prices. 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