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Top related persons:
Howard Ungerleider - 3 Dow - 2 Lucas Jackson - 1 Jeffrey Tate - 1 Sriraj Kalluvila - 1 Vinay Dwivedi - 1 Krishna Chandra - 1 Gamble - 1
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China New York U.S Europe East Africa India Bengaluru
Top related orgs:
Dow - 2 Dow Inc - 2 Thomson - 2 New York Stock - 1 REUTERS - 1 Saikeerthi - 1 DuPont - 1 Danaher - 1

Search resuls for: "Howard Ungerleider"


4 mentions found


☆ Dow forecasts lower-than-expected net sales in Q4 on low prices, weak demand
  + stars: | 2023-10-24 | by ( ) www.reuters.com   time to read: +2 min
The Dow Chemical logo is displayed on a board above the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S. on December 22, 2015. REUTERS/Lucas Jackson/File Photo Acquire Licensing RightsOct 24 (Reuters) - Dow Inc (DOW.N) forecast average net sales for the current quarter below analyst estimates on Tuesday, as the chemical maker continues to navigate weak demand and low prices for its products in key markets. Dow reported a sequential decline of 7% in prices of their products in Europe, the Middle East, Africa and India, primarily due to lower feedstock and energy rates. However, the company added it expects to see benefits from rising oil prices in the next few quarters. Prices of Dow products such as polyethylene, poly vinyl chloride and other base metals increase on the back of rising crude oil.
Persons: Lucas Jackson, Dow, Howard Ungerleider, Jeffrey Tate, Sriraj Kalluvila, Vinay Dwivedi, Krishna Chandra Organizations: Dow, New York Stock, REUTERS, Dow Inc, Saikeerthi, Thomson Locations: New York, U.S, China, Europe, East, Africa, India, Bengaluru
☆ China's tanking economy is costing major US companies and could throw cold water on America's economic boom
  + stars: | 2023-08-17 | by ( Noah Sheidlower | ) www.businessinsider.com   time to read: +5 min
China's slowing economy is chipping away at some American companies' revenues. China's July economic report didn't mention youth-unemployment statistics after it soared to 21.3% in the second quarter, citing economic and social changes. While Chinese manufacturing and construction are struggling to recover, some American companies with strong ties to China are also feeling the effects. Dow's rival DuPont also reported a drop in China sales from existing operations, a 14% year-over-year fall. To be sure, some American companies have performed well in China over the past few months.
Persons: Gamble, Stephen Williamson, Danaher, Rainer Blair, Howard Ungerleider, Edward Breen, Marriott Organizations: DuPont, Danaher, Procter, Service, Citigroup, Intel, Toyota, Nissan, Apple, Starbucks, Street Journal, Monetary Fund Locations: China, Wall, Silicon, American, Ohio, Greater China, Beijing
☆ Dow cuts second-quarter revenue forecast on demand, pricing woes
  + stars: | 2023-05-31 | by ( ) www.reuters.com   time to read: +1 min
May 31 (Reuters) - Chemical maker Dow Inc (DOW.N) forecast second-quarter revenue below market expectations on Wednesday, citing slower macroeconomic activity and lower pricing levels. The company now expects revenue for the quarter ending June 30 to be between $11 billion and $11.5 billion, compared with analysts' average expectations of $12.12 billion, according Refinitiv data. Dow had previously projected revenue for the ongoing quarter in the range of $11.75 billion to $12.25 billion. At a Bernstein conference, Dow flagged that demand in China continues to be "uneven", and said it witnessed lower-than-expected demand for home appliances and building materials in April. Weaker demand in other sectors affect Dow, which sells its products such as coatings and adhesives to industries ranging from automobiles and food packaging to electronics.
Persons: Dow, Howard Ungerleider, Ankit Kumar, Shilpi Majumdar Organizations: Dow Inc, Dow, Thomson Locations: China
☆ Dow forecasts dour quarterly revenue, says will slash 2,000 jobs
  + stars: | 2023-01-26 | by ( Ankit Kumar | ) www.reuters.com   time to read: +2 min
Jan 26 (Reuters) - Dow Inc (DOW.N) on Thursday forecast current-quarter revenue below estimates and said it would cut about 2,000 jobs as the chemical giant navigates challenges including inflation and supply chain disruptions. Dow Chief Financial Officer Howard Ungerleider said while the pace of inflation has moderated, the overall cost levels remain elevated. The company expects the recent shifts in China's COVID policy to stimulate demand, but that would take some time to take effect. "Chemical prices are likely to go up in the first quarter (2023) and we will see better demand in the second quarter," said Aleksey Yefremov, analyst at KeyBanc Capital Markets. It expects 2023 capital expenditure be $2.2 billion, about 21% higher than last year.
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