A maker of the plastics, silicones, and specialty chemicals found in everything from food packaging to phone cases to building materials, Dow Inc. began in 1897 when chemist Herbert Dow started pulling bromine from the brine beneath Midland, Michigan. Today one of the world's largest chemical producers, it serves those markets through businesses like Packaging & Specialty Plastics. Fun fact: its Saran Wrap film began in 1933 when a lab worker found an unscrubbable, waterproof residue in a beaker and nicknamed it 'eonite.'
Dow reports Q2 2026 net sales of $12.1B, up 20% YoY; GAAP EPS $0.99
Net sales were $12.1 billion, up 20% year-over-year, with local price up 20% and volume down 1%.
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GAAP net income was $802 million; operating EBIT was $1.6 billion, up $1.7 billion year-over-year.
GAAP EPS was $0.99; operating EPS was $1.44, compared to a loss of $0.42 in the year-ago period.
Cash provided by operating activities from continuing operations was $1.3 billion; dividends to shareholders totaled $253 million.
Company expects to generate approximately $200 million more in Transform to Outperform benefits this year, increasing total in-year self-help benefits to greater than $1.3 billion.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Dow Inc. registers 5,410,000 shares for issuance under stock incentive plan
Dow Inc. filed a prospectus supplement dated July 10, 2026 to register 5,410,000 shares of common stock under its existing Form S-3 registration statement.
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The shares may be issued upon exercise, settlement, or vesting of awards under the Dow Inc. 2019 Stock Incentive Plan not eligible for Form S-8 registration.
A legal opinion from Corporate Secretary Shandell S. Massey was filed as Exhibit 5.1 and incorporated by reference into the registration statement.
The report was filed under Item 8.01 (Other Events) and Item 9.01 (Financial Statements and Exhibits).
8.01 Other Events · 9.01 Financial Statements and Exhibits
Dow appoints Karen S. Carter as CEO, effective July 1, 2026; Jim Fitterling becomes Executive Chair.
Stockholders approved an amendment to the 2019 Stock Incentive Plan, increasing available shares from 125 million to 185 million.
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Karen S. Carter, currently COO, will become CEO of Dow Inc. effective July 1, 2026.
Jim Fitterling will transition from CEO to Executive Chair, remaining a director until the 2027 Annual Meeting.
The Board expanded from 12 to 13 members and appointed Carter as a director, effective July 1, 2026.
All 12 director nominees were re-elected, and Deloitte & Touche LLP was ratified as independent auditor for 2026.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 7.01 Regulation FD Disclosure · 8.01 Other Events · 9.01 Financial Statements and Exhibits