Dow Inc. (DOW) has revised its third-quarter financial outlook, now anticipating revenues of approximately $10.6 billion and operating EBITDA around $1.3 billion. This adjustment is primarily attributed to a significant unplanned event that affected one of its ethylene crackers in Texas late July. Additionally, the company is confronting elevated input costs and margin compression in Europe.Chair and CEO Jim Fitterling remarked, “As we move into the fourth quarter, we anticipate the usual seasonal demand fluctuations. Nevertheless, we foresee a favorable impact from reduced turnaround costs, increased operating rates as we bring our Texas cracker back online, and a decline in weather-related disruptions in the U.S. Gulf Coast.”The material has been provided by InstaForex Company – www.instaforex.com
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