Dow reported second quarter 2025 net sales of $10.1 billion, down 7% from the prior year due to price declines and weak demand across all operating segments. The company posted a GAAP net loss of $801 million and an operating loss of $21 million, citing ongoing tariff uncertainty, margin compression and restructuring charges.

Volume declined 1% year over year, with modest growth in the U.S. and Canada offset by declines in other regions. Performance Materials & Coatings saw sequential gains from seasonal architectural demand, while Packaging & Specialty Plastics was affected by reduced ethylene sales tied to the Poly-7 startup. Cash flow from operations was negative $470 million.

CEO Jim Fitterling said Dow is executing cost reductions and adjusting its dividend strategy to navigate prolonged macroeconomic pressures, while advancing restructuring and European portfolio actions.

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