Dow Reports Q3 2026 Results

Dow's polyurethane business delivered a stronger performance in the third quarter of 2026, supported by higher pricing across key product lines despite ongoing volume pressures. The company's Polyurethanes & Construction Chemicals business benefited from robust price increases in propylene oxide derivatives, improving profitability even as volumes were impacted by disruptions related to the Middle East conflict.

Within Dow's Industrial Intermediates & Infrastructure segment, which houses the polyurethane business, net sales increased 8% year-on-year to $3.1 billion, while operating EBIT improved significantly to $176 million, compared with a loss of $47 million in the prior-year quarter. The recovery was driven by stronger pricing, margin expansion, operational efficiencies, and restructuring benefits.

The Polyurethanes & Construction Chemicals business recorded higher sales primarily due to pricing gains for propylene oxide and derivative products across North America and EMEAI. However, lower volumes partially offset these gains, reflecting regional market disruptions and supply chain chemical challenges linked to geopolitical tensions.

At the corporate level, Dow reported net sales of $11.3 billion, up 13% year-on-year, with operating EBIT reaching $887 million. The company attributed the improvement to broad-based price increases, disciplined cost management, and continued execution of productivity and portfolio optimisation initiatives.

Looking ahead, Dow remains focused on high-growth end markets, including construction, mobility, energy infrastructure, and advanced manufacturing applications. The company expects ongoing self-help programmes and strategic portfolio actions to generate more than $1 billion of annual EBITDA uplift in both 2026 and 2027, supporting future growth across its polyurethane value chain.

Source: DOW