Chemicals Company Dow Cuts Outlook Amid Production Challenges
Chemicals Company Dow Cuts Outlook Amid Production Challenges
However, these challenges are expected to be partly mitigated by improved pricing and feedstock costs in North America for Packaging & Specialty Plastics.Dow Inc. (NYSE:DOW) shares are trading lower after it revised its third-quarter outlook.
陶氏公司（紐約證券交易所代碼：DOW）在修訂第三季度展望後股價走低。
The company lowered its guidance for revenue to around $10.6 billion (vs. consensus $11.0 billion) from $11.1 billion earlier and expects operating EBITDA of around $1.3 billion.
該公司將收入預期從之前的111億美元下調至約106億美元（而市場普遍預期爲110億美元），並預計營業息稅折舊攤銷前利潤約爲13億美元。
The revised outlook reflects a major unplanned event at a Texas ethylene cracker in late July, alongside higher input costs and margin compression in Europe.
修訂後的展望反映了7月下旬在德克薩斯州乙烯裂解廠發生的重大計劃外事件，以及歐洲投入成本的上漲和利潤率的壓縮。
However, these challenges are expected to be partly mitigated by improved pricing and feedstock costs in North America for Packaging & Specialty Plastics.
但是，北美包裝和特種塑料的價格和原料成本的提高預計將部分緩解這些挑戰。
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Jim Fitterling, chair and chief executive officer, said, "As we look to the fourth quarter, we expect typical seasonality in demand. However, we expect a positive impact from lower turnaround costs, higher operating rates as we ramp up our Texas cracker, and fewer weather-related events in the U.S. Gulf Coast."
董事長兼首席執行官吉姆·菲特林表示：「展望第四季度，我們預計需求將出現典型的季節性。但是，我們預計，隨着德克薩斯州餅乾的產量增加，週轉成本的降低，運營率的提高，以及美國墨西哥灣沿岸與天氣有關的事件的減少，將產生積極影響。」
In July, Dow reported second-quarter sales decline of 4% Y/Y to $10.9 billion, missing the $11.01 billion consensus. Adjusted EPS was $0.68, below the $0.72 consensus, with operating EBIT declining to $819 million.
7月，陶氏報告稱，第二季度銷售額同比下降4％，至109億美元，未達到預期的110.1億美元。調整後的每股收益爲0.68美元，低於預期的0.72美元，營業息稅前利潤降至8.19億美元。
Investors can gain exposure to the stock via Invesco Dow Jones Industrial Average Dividend ETF (NYSE:DJD) and FT Vest DJIA Dogs 10 Target Income ETF (BATS:DOGG).
投資者可以通過景順道瓊斯工業平均股息ETF（紐約證券交易所代碼：DJD）和Ft Vest DJIA Dogs 10目標收益ETF（BATS: DOGG）獲得股票敞口。
Price Action: DOW shares are down 1.20% at $50.12 at the last check Thursday.
價格走勢：道瓊斯指數在週四的最後一次檢查中下跌1.20％，至50.12美元。
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譯文內容由第三人軟體翻譯。
