Dow Inc. has provided an update to its third-quarter 2024 earnings guidance. The company expects third quarter revenue to be approximately $10.6 billion and operating EBITDA¹ to be approximately $1.3 billion.

"The updated third quarter outlook is largely driven by a significant unplanned event that occurred in late July at one of our ethylene crackers in Texas. In addition, we are currently experiencing higher input costs and margin compression in Europe. These headwinds are partially offset by improved North America pricing and feedstock costs in Packaging & Specialty Plastics," said Jim Fitterling, chair and chief executive officer. "As we look to the fourth quarter, we expect typical seasonality in demand. However, we expect a positive impact from lower turnaround costs, higher operating rates as we ramp up our Texas cracker, and fewer weather-related events in the U.S. Gulf Coast. We remain focused on maintaining our operating and financial discipline while executing on our long-term growth levers."

Learn more about Dow at www.dow.com.

1.    Operating EBITDA is defined as earnings (i.e., "income before income taxes") before interest, depreciation and amortization, excluding the impact of significant items.