DOW to Launch Silicone Coatings, Adhesives at Labelexpo Europe
Dow Inc. DOW will highlight its next-generation silicone release coatings, acrylics, hot melt and silicone adhesives that enable label performance in a circular economy at Labelexpo Europe 2023 on Sep 11-14.
Dow will launch SYL-OFF Protect, a carbon-neutral variety of SYL-OFF Silicone Release Coatings, as part of its commitment to delivering a sustainable future worldwide through materials science. These products, certified by an independent third party in accordance with PAS 2060, provide the same quality and performance customers in the label industry expect from normal SYL-OFF Silicone Release Coatings, with the added benefit of a lower carbon footprint.
SYL-OFFTM SL 184 Coating and SYL-OFFTM SL 351 Coating are two more silicone innovations that will be showcased during the show.
Dow's second product introduction at Labelexpo Europe, INVISU 7007 Wash-Off Label Adhesive, allows the separation of polyolefin-based (PE, PP) filmic labels from PET bottles for improved PET recycling. This acrylic technology also possesses moisture resistance, is easy to convert and process and has been recognized by the Association of Plastic Recyclers for its compliance with caustic wash recycling criteria.
The introduction of INVISU 7007 Water-Borne Adhesive is an exciting development directly related to the label industry's push toward a circular economy, DOW noted.
Shares of DOW have gained 5.5% over the past year compared with a 0.8% decline of its industry.
Image Source: Zacks Investment Research
Dow, on its second-quarter call, said that it remains focused on cost-savings actions and will continue to advance its long-term strategic priorities as it faces a challenging macroeconomic environment in the second half of 2023. It is making progress with its actions to deliver $1 billion in cost savings in 2023. The company noted that its disciplined and balanced capital allocation priorities support its “Decarbonize and Grow” strategy to deliver long-term value creation for its shareholders.
The company expects third-quarter net sales in the band of $10.25-$10.75 billion.
Dow Inc. Price and Consensus
Dow Inc. price-consensus-chart | Dow Inc. Quote
Zacks Rank & Key Picks
DOW currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, The Andersons Inc. ANDE and Veritiv Corporation VRTV.
Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). The stock has rallied roughly 59.4% in the past year. CRS beat the Zacks Consensus Estimate in three of the last four quarters while meeting in one. It delivered a trailing four-quarter earnings surprise of 9.8%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
Andersons currently carries a Zacks Rank #1. The stock has gained roughly 42.8% in the past year. ANDE beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 64.4%, on average.
Veritiv currently carries a Zacks Rank #2. The stock has rallied roughly 37.1% in the past year. VRTV beat the Zacks Consensus Estimate in three of the last four quarters. It delivered a trailing four-quarter earnings surprise of 6%, on average.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The Andersons, Inc. (ANDE) : Free Stock Analysis Report
Dow Inc. (DOW) : Free Stock Analysis Report
Carpenter Technology Corporation (CRS) : Free Stock Analysis Report
Veritiv Corporation (VRTV) : Free Stock Analysis Report
