The long-term fundamentals driving growth across Dow’s end markets remain attractive, and the company’s in-flight investments are on track to deliver approximately USD 2 billion in run-rate underlying EBITDA by the end of 2025.
Jim Fitterling, chairman and chief executive officer at Dow, commented on the quarter, “Team Dow once again delivered net sales growth both year-over-year and sequentially with price increases across all operating segments and regions. Our competitive advantages and relentless focus on disciplined execution enabled us to navigate the impacts of pandemic-related lockdowns in China, continued logistics constraints, and higher energy and raw material costs. As a result, we increased our cash flow and our share buybacks sequentially.
“We continued to progress our strategy to grow our underlying earnings over the economic cycle by investing in higher-return, faster-payback projects while capitalizing on long-term growth opportunities. As part of these efforts, today we announced a series of circularity projects that will enable us to achieve approximately two thirds of our 2030 ‘Stop the Waste’ target as we capture growth for the sustainable and circular solutions our customers are increasingly demanding.”
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