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Dow Q1 Profits Slide, See 'Discrete' Headwinds, After First Post-DuPont Report

Martin Baccardax

Dow said second quarter headwinds, including maintenance costs, would be around $200 million higher than last year, but noted that rising oil prices would be "constructive" for group earnings as the year progresses. Dow also said it has around $400 million in cost savings -- as well as $200 million in stranded costs removal -- to realize following its April spinoff from DowDuPont.