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Dow Inc. (DOW - Free Report) has developed a breakthrough option of artificial leather based on polyolefin elastomers ("POE"), thus addressing the automobile industry's requirement to migrate toward increasingly animal-free product alternatives to leather.
The POE alternative leather option has been commercialized by HIUV Materials Technology, a Chinese partner, and qualified by an electric car manufacturer for auto seating applications. Dow's POE leather has various advantages, including ultra-soft tactility and better color stability to provide designers with more color possibilities, especially light colors. It also has good aging and low temperature resilience, thus meeting automotive industry standards. Hazardous chemicals, plasticizers and heavy-metal compounds will also be eliminated, along with low volatile organic compounds and odor.
Dow’s introduction of this high-performance, animal-free leather solution to the market leverages its extensive materials science knowledge. The company is looking forward to future value-chain collaborations with forward-thinking brands to explore new opportunities for its POE leather solution in the automotive sector and beyond.
In addition to the automotive industry, this creative solution can be used in sporting goods, furniture, fashion and accessories. It satisfies brand owners' needs for a new solution that can cost-effectively position products while meeting the high standards for customer experience and product appearance.
Shares of DOW have gained 9.3% over the past year against the industry’s 4.9% decline.
Image Source: Zacks Investment Research
In the fourth-quarter call, Dow said that it will maintain its commitment to financial and operational discipline as it navigates dynamic market conditions in 2024. The company envisions the weakness in industrial and durable goods demand to continue in the first quarter of 2024.
However, Dow has been witnessing early positive signs in areas such as construction, automotive and consumer electronics. It also remains committed to its disciplined and balanced capital allocation priorities. Moreover, the company is advancing its Decarbonize and Grow and Transform the Waste strategies, which are expected to deliver more than $3 billion in underlying earnings annually by 2030.
Better-ranked stocks in the basic materials space are Denison Mines Corp. (DNN - Free Report) , Carpenter Technology Corporation (CRS - Free Report) and Ecolab Inc. (ECL - Free Report) .
Denison Mines sports a current Zacks Rank #1 (Strong Buy). DNN beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 300%. The company’s shares have soared 96.3% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Carpenter Technology currently sports a Zacks Rank of 1. CRS beat the Zacks Consensus Estimate in three of the last four quarters while matching it once, with the average earnings surprise being 12.2%. The company’s shares have soared 59.4% in the past year.
The Zacks Consensus Estimate for Ecolab's current year earnings is pegged at $6.43 per share, indicating a year-over-year rise of 23.4%. The Zacks Consensus Estimate for ECL’s current-year earnings has been stable in the past 30 days. ECL, a current Zacks Rank of 1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 1.7%. The company’s shares have rallied roughly 37% in the past year.
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DOW Introduces Polyolefin Elastomer-Based Artificial Leather
Dow Inc. (DOW - Free Report) has developed a breakthrough option of artificial leather based on polyolefin elastomers ("POE"), thus addressing the automobile industry's requirement to migrate toward increasingly animal-free product alternatives to leather.
The POE alternative leather option has been commercialized by HIUV Materials Technology, a Chinese partner, and qualified by an electric car manufacturer for auto seating applications. Dow's POE leather has various advantages, including ultra-soft tactility and better color stability to provide designers with more color possibilities, especially light colors. It also has good aging and low temperature resilience, thus meeting automotive industry standards. Hazardous chemicals, plasticizers and heavy-metal compounds will also be eliminated, along with low volatile organic compounds and odor.
Dow’s introduction of this high-performance, animal-free leather solution to the market leverages its extensive materials science knowledge. The company is looking forward to future value-chain collaborations with forward-thinking brands to explore new opportunities for its POE leather solution in the automotive sector and beyond.
In addition to the automotive industry, this creative solution can be used in sporting goods, furniture, fashion and accessories. It satisfies brand owners' needs for a new solution that can cost-effectively position products while meeting the high standards for customer experience and product appearance.
Shares of DOW have gained 9.3% over the past year against the industry’s 4.9% decline.
Image Source: Zacks Investment Research
In the fourth-quarter call, Dow said that it will maintain its commitment to financial and operational discipline as it navigates dynamic market conditions in 2024. The company envisions the weakness in industrial and durable goods demand to continue in the first quarter of 2024.
However, Dow has been witnessing early positive signs in areas such as construction, automotive and consumer electronics. It also remains committed to its disciplined and balanced capital allocation priorities. Moreover, the company is advancing its Decarbonize and Grow and Transform the Waste strategies, which are expected to deliver more than $3 billion in underlying earnings annually by 2030.
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 are Denison Mines Corp. (DNN - Free Report) , Carpenter Technology Corporation (CRS - Free Report) and Ecolab Inc. (ECL - Free Report) .
Denison Mines sports a current Zacks Rank #1 (Strong Buy). DNN beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 300%. The company’s shares have soared 96.3% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Carpenter Technology currently sports a Zacks Rank of 1. CRS beat the Zacks Consensus Estimate in three of the last four quarters while matching it once, with the average earnings surprise being 12.2%. The company’s shares have soared 59.4% in the past year.
The Zacks Consensus Estimate for Ecolab's current year earnings is pegged at $6.43 per share, indicating a year-over-year rise of 23.4%. The Zacks Consensus Estimate for ECL’s current-year earnings has been stable in the past 30 days. ECL, a current Zacks Rank of 1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 1.7%. The company’s shares have rallied roughly 37% in the past year.