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Dow beats third-quarter profit estimates on packaging demand
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Dow beats third-quarter profit estimates on packaging demand
Nov 1, 2024 10:13 PM

Oct 24 (Reuters) - Chemical company Dow beat

third-quarter profit estimates on Thursday, helped by higher

demand in the U.S. and Canada for certain industrial items such

as polyethylene used in packaging.

Quarterly net sales from its packaging and specialty

plastics segment, its largest by revenue, rose to $5.52 billion,

compared with $5.45 billion from a year ago.

The company said the rise was "led by higher polyethylene

sales primarily for industrial, consumer, and flexible food

packaging in EMEAI and the U.S. & Canada".

Dow's adjusted profit of 47 cents per share exceeded market

expectations by a cent, according to data compiled by LSEG.

(Reporting by Tanay Dhumal in Bengaluru; Editing by Arun

Koyyur)

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