Dow Inc. Q3 2026 Earnings Recap

Dow’s shares rose 4.7% after earnings, with the quarter’s year-over-year improvement in sales and EBITDA, broad-based segment growth, and self-help savings providing the key positives. The results also reflected pricing gains and cost actions offsetting higher raw-material and logistics costs.

Key Takeaways

• Net sales increased 13% year over year, with growth in every operating segment; operating EBITDA exceeded $1.5 billion.
• Packaging and Specialty Plastics reported $5.8 billion in sales, up 18%, and approximately $585 million in operating EBIT, more than $385 million above the year-ago period.
• Industrial Intermediates and Infrastructure sales rose 8% to $3.1 billion, while operating EBIT improved by $223 million to $176 million.
• Performance Materials and Coatings sales increased 8% to $2.3 billion; operating EBIT was $154 million, with price and volume gains in both businesses.
• Dow completed its $1 billion 2025 cost-savings program, began previously announced European asset shutdowns, and remains on track for approximately $700 million in growth and productivity improvements this year.