Latest news with #chemicals
Yahoo
10 hours ago
- Business
- Yahoo
Dow slashes dividend, reports bigger-than-expected loss; shares fall
(Reuters) -Dow Inc (DOW) reported a bigger-than-expected quarterly loss on Thursday and halved its dividend amid a prolonged industry downturn, sending shares of the chemicals maker down over 7% in premarket trading. Global chemical companies are feeling the pressure to reassess strategies, with higher production costs in the Euro region, lackluster demand and stringent environmental regulations. Quarterly net sales from Dow's packaging and specialty plastics segment, its largest by revenue, fell 8.9% to $5.03 billion from a year earlier. The Michigan-based company reported an adjusted loss of 42 cents per share for the second quarter ended June 30, compared with analysts' average estimate of a loss of 17 cents per share, according to data compiled by LSEG. Dow declared a quarterly dividend of 35 cents per share. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
11 hours ago
- Business
- Reuters
Dow slashes dividend, reports bigger-than-expected loss
July 24 (Reuters) - Dow Inc (DOW.N), opens new tab reported a bigger-than-expected quarterly loss on Thursday and halved its dividend amid a prolonged industry downturn, sending shares of the chemicals maker down over 7% in premarket trading. Global chemical companies are feeling the pressure to reassess strategies, with higher production costs in the Euro region, lackluster demand and stringent environmental regulations. Quarterly net sales from Dow's packaging and specialty plastics segment, its largest by revenue, fell 8.9% to $5.03 billion from a year earlier. The Michigan-based company reported an adjusted loss of 42 cents per share for the second quarter ended June 30, compared with analysts' average estimate of a loss of 17 cents per share, according to data compiled by LSEG. Dow declared a quarterly dividend of 35 cents per share.
Yahoo
3 days ago
- Business
- Yahoo
Air Products and Chemicals' Q3 2025 Earnings: What to Expect
Valued at a market cap of $65.7 billion, Air Products and Chemicals, Inc. (APD) is a top provider of atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, and internationally. The Allentown, Pennsylvania-based company is all geared to post its Q3 earnings on Thursday, Jul. 31, before the market opens. Ahead of the event, analysts expect APD to report an EPS of $2.98 per share, down 6.9% from $3.20 per share reported in the year-ago quarter. It has exceeded or met analysts' earnings estimates in three of the past four quarters, while missing in the last quarter. More News from Barchart It's Never 'Happened in the History of Tech to Any Company Before': OpenAI's Sam Altman Says ChatGPT is Growing at an Unprecedented Rate Ditch 'Basic' Nvidia and Buy This 'Unique' Chip Stock Instead Tesla Earnings, Powell Speech and Other Can't Miss Items this Week Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For fiscal 2025, analysts expect APD to report an EPS of $12.03, down 3.2% from $12.43 in fiscal 2024. However, in fiscal 2026, its adjusted EPS is expected to grow 7.9% year-over-year to $12.98. Over the past year, APD shares have surged 10.8%, trailing the S&P 500 Index's ($SPX) 13.6% gains but surpassing the Materials Select Sector SPDR Fund's (XLB) marginal fall over the same time frame. On Jul. 18, APD shares soared marginally after the company announced a quarterly dividend of $1.79 per share, payable on November 10, 2025, to shareholders of record as of October 1, 2025. This continued dividend payout reflects Air Products' ongoing commitment to delivering value to its shareholders and maintaining a strong track record of consistent dividend distributions. The consensus opinion on APD stock is moderately optimistic, with an overall 'Moderate Buy' rating. Out of the 23 analysts covering the stock, 13 recommend a 'Strong Buy,' one advises a 'Moderate Buy,' eight suggest a 'Hold,' and the remaining analyst gives a 'Moderate Sell.' Its mean price target of $325 indicates a 10.1% upside potential from current price levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
5 days ago
- Health
- Yahoo
Scientists make concerning discovering about hidden dangers lurking in recycling bins: 'This is the main obstacle'
Scientists make concerning discovering about hidden dangers lurking in recycling bins: 'This is the main obstacle' Recycling is a core defense against plastic pollution, but that does not mean it is a perfect solution. In fact, a team led by researchers from the University of Gothenburg found some real concerns lurking within recycled plastics. Addressing them is crucial to fulfill the potential of recycling, according to the school's press release. What's happening? To understand global plastic waste better, the scientists collected samples of recycled polyethylene plastic from various parts of the world. They let them soak in water for two days, and when they analyzed the water afterward, they found over 80 different chemicals leached from the plastic. Some were expected ingredients, but others were not supposed to be there, like pesticides, pharmaceuticals, and other toxic substances. These harmful compounds are often added to plastic but are not declared. Some may have also tainted the plastic during its life before it was recycled, the press release explained. Sounds nasty? Unfortunately, there's more. The aim of the new study was to explore the consequences of ingesting all of those chemicals on living organisms. The researchers put zebrafish larvae in the contaminated water for five days. That brief exposure was all it took to disrupt the organisms' hormones and metabolism, per the university. "This is the main obstacle with the idea of recycling plastic," Bethanie Carney Almroth, professor at the University of Gothenburg and project lead, said in a statement. "We never have full knowledge of what chemicals will end up in an item." Why is contaminated recycling important? The prevalence of plastic products in everyday human life was already a concern. Prior research shows that as they slowly break down, they wind up in the environment and our bodies, where they pose serious health risks. The research team's findings offer more evidence of why this plastic is so dangerous, even after it has been recycled. Much like the zebrafish in the study, exposure to the toxic chemicals they found also poses risks to humans' hormones, reproductive health, and metabolism, per the press release. "This work clearly demonstrates the need to address toxic chemicals in plastics materials and products, across their life cycle," Almroth affirmed in the statement. Do you worry about having toxic forever chemicals in your home? Majorly Sometimes Not really I don't know enough about them Click your choice to see results and speak your mind. What's being done to clean up plastic recycling? A global plastics treaty is in the works as a result of United Nations efforts. The presence of toxic chemicals in plastics and the lack of transparency in production lines are priorities in the negotiations. However, you do not need to wait for regulators and politicians to start minimizing your plastic use. Making easy switches from single-use products to reusable ones can save money and help you avoid some of the scary things that end up hiding in plastics. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet. Solve the daily Crossword
Reuters
6 days ago
- Business
- Reuters
Wacker Chemie cuts guidance amid economic uncertainty
July 18 (Reuters) - German chemicals company Wacker Chemie ( opens new tab on Friday cut its revenue outlook for the 2025 financial year, pointing to weak customer demand stemming from global economic uncertainty. "There are no signs of a recovery so far," said Chief Executive Christian Hartel in a statement. The company expects sales to come in between 5.5 and 5.9 billion euros ($6.41 billion and $6.87 billion), down from previous guidance of between 6.1 and 6.4 billion euros. In a separate statement, the company posted revenue for the second quarter of 1.41 billion euros, in line with expectations in a company provided poll compiled by Vara research. Its shares were down 1% at 1225 GMT in the wake of the announcement. ($1 = 0.8586 euros)
