Dow Inc

DOW: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$68.00	Pqdncql	Zqvryfcl

Dow Earnings: Demand Recovery Aided by Favorable Unit Economics

Seth Goldstein

Apr 25, 2024

Dow Chemical's first-quarter results showed demand was recovering in line with our outlook for the cadence of the year. Volumes rose 1% versus the prior-year quarter, following inventory destocking that weighed on 2023 results. In 2024, we think Dow will generate higher profits from a favorable price-to-cost spread and improved volumes, which will allow the company to run its plants at a higher capacity utilization.

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