By Rob Curran
Dow's fourth-quarter loss widened as revenue fell and costs remained elevated, and the chemicals processor launched a cost-saving overhaul of its operations that will lean on artificial intelligence.
The chemicals company on Thursday posted a quarterly loss of $1.48 billion, or $2.15 a share, wider than $35 million, or 8 cents a share, a year earlier.
Dow logged an adjusted loss, excluding certain one-off items, of 34 cents a share, compared with the mean analyst estimate of a 50 cents a share loss.
Sales fell 9.1% to $9.46 billion, meeting the average analyst forecast, according to FactSet. Cost of sales fell 5.9% to $8.91 billion.
Dow said its restructuring plan will result in $2 billion in cost savings.
Volume decreased 2% year over year, led by declines in packaging & specialty plastics, as the idling of a cracker facility supplying Europe, the Middle East, Africa and India earlier in the year weighed on activity, Dow said.
Shares were down 2.1% to $27.20 in premarket trading.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
January 29, 2026 06:49 ET (11:49 GMT)
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