Company News
April 23, 2026
Dow Results
Dow tops estimates as cost cuts help to narrow quarterly loss
Apr 23, 2026, 7:11 AM ETDow Inc. (DOW) StockBy: Rob Williams, SA News Editor
Dow Inc. (DOW), one of the world’s largest chemicals and materials manufacturers, reported first-quarter results on Thursday that beat Wall Street expectations for both revenue and adjusted earnings despite posting a net loss.
Shares of Dow (DOW) rose 1.8% in premarket trading. As of Wednesday’s close, the stock was up 34% over the prior 12 months.
Net sales fell 6% to $9.79 billion from $10.43 billion a year earlier, but still topped analysts’ consensus estimate of $9.67 billion. Operating earnings per share, the company’s adjusted measure, showed a loss of $0.14 a share, better than the expected adjusted loss of $0.29 a share.
Net income fell to a loss of $445 million, or $0.74 a share, from a loss of $290 million, or $0.44 a share, a year earlier.
Cost cuts help offset weak pricing
Dow (DOW) said lower prices and softer demand weighed on results, though benefits from its cost reduction efforts helped cushion the impact.
“In the first quarter, our results reflect the growing impact of Dow’s self-help actions,” Chief Executive Jim Fitterling said in the earnings release.
Volume declined 2% year over year, while local prices fell 7%. Gains in packaging plastics volumes were offset by lower sales in industrial intermediates and infrastructure products, partly tied to conflict-related disruptions in the Middle East.
Packaging business leads segments
Dow’s (DOW) Packaging & Specialty Plastics unit, its largest segment, generated $4.9 billion in revenue, down 7% from a year earlier. Performance Materials & Coatings sales were roughly flat at $2.08 billion, while Industrial Intermediates & Infrastructure revenue declined 8% to $2.63 billion.
The coatings and silicones businesses benefited from stronger demand tied to electronics, home and personal care applications.
Cash flow improves, outlook firms
Dow (DOW) reported earnings before interest, taxes, depreciation and amortization of $873 million, compared with $944 million a year earlier. Cash provided by operating activities from continuing operations jumped to $1.12 billion from $104 million a year earlier.
Fitterling said pricing actions across businesses and regions were already creating momentum, while the company’s manufacturing footprint and supply chain flexibility positioned it for improved growth, wider margins and stronger shareholder returns.
Dow (DOW) makes plastics, industrial chemicals, coatings materials and silicones used in packaging, construction, automotive, electronics and consumer products. Its well-known brands include Styrofoam insulation, Silastic silicone materials and Dowlex polyethylene resins used in flexible packaging.
April 23, 2026
American Star
Americanstar expands Mattress King lineup to 13 SKUs
Sheila Long O’Mara //Executive Editor, Furniture Today//April 20, 2026
WACO, Texas — Americanstar Mattress is expanding its retail footprint in the Midwest through a deeper partnership with Oklahoma-based Mattress King, underscoring continued momentum for the Texas manufacturer’s premium, margin-focused assortment.
Mattress King, which operates six sleep specialty stores across Oklahoma, has increased its Americanstar lineup to 13 SKUs across all of the retailer’s locations. The retailer said Americanstar’s Presidential hybrid collection has been its retailer’s top-selling mattress line for four consecutive years.
Ryan Farris, CEO of Mattress King, said the decision to expand the assortment was driven by both consumer demand and ease of selling on the showroom floor.
“Americanstar has proven to be a strong partner for our business,” Farris said. “Their products resonate with our customers, and just as importantly, they give our sales team a compelling story that’s easy to tell. When your top best-sellers all come from one vendor, expanding that relationship isn’t a question; it’s the obvious next step.”
The expanded assortment brings a broader range of price points and constructions to Mattress King’s floors, including Americanstar’s S-Class, Cleopatra, First Class, Presidential, Medispa Prestige, Ecoflex and Capella collections. Company officials said the lineup is designed to give retail sales associates flexibility in addressing varying comfort preferences while maintaining the margin structure that has supported strong sell-through.
Tony Nguyen, chief operating officer of Americanstar U.S., said the partnership reflects the company’s strategy of aligning with retailers focused on performance at the store level.
“Mattress King is exactly the kind of retail partner we’re proud to grow with,” Nguyen said. “They understand what drives results on the floor and have built their business around delivering real value to their customers. When performance validates the partnership this clearly, it reinforces our focus on supporting retailers with products that are consistent, reliable and profitable.”
The Oklahoma expansion comes as Americanstar continues to scale its presence across North America. In recent months, the company has broadened its relationship with Texas-based Bel Furniture, more than doubling its in-store presence, expanded with Mattress Firm Montana, and entered Kansas through a statewide rollout with The Mattress Hub.
Supporting that growth is an increased investment in domestic manufacturing. Americanstar’s 200,000-square-foot facility in Waco now includes in-house foam production, leveraging more than two decades of global foam-pouring expertise. The vertical integration allows the company to develop proprietary materials, including its SilkFoam technology, while maintaining cost efficiencies aimed at supporting retailer margins.
Company officials said the combination of product performance, manufacturing control and retail alignment continues to position Americanstar for further expansion as it builds out its U.S. distribution network.
April 23, 2026
Recticel Q1 Update
Press release – Recticel Q1 2026 Trading Update – 22 April 2026 – 7:00 CET Page 1 of 2
TRADING UPDATE Q1 2026
Two Seasons In One Quarter
- Revenue in Q1 2026 is up 6.1% from EUR 158.4 million to EUR 168.1 million, entirely driven by
acquisitions - After a slow start, we saw a very strong organic volume and revenue acceleration in March
- Strategic investment initiatives on track
Stefaan Debusschere, Chief Executive Officer Recticel Group:
“The first quarter has been characterized by an exceptionally strong contrast between a slow, weather-
beaten start-up of the year in the first 6 weeks, and a very dynamic rebound from the end of February
onwards. Organic revenue was under pressure by historically low raw material costs and sales prices.
The dramatic cost increases of raw materials and energy costs in the wake of the geopolitical crisis in the
Middle East, which were translated into higher sales prices, have spurred customers to buy ahead,
especially in Insulation Boards. We expect prices in Insulated Panels and Insulation Boards, to be subject
to an exceptionally high increase in the second quarter, depending on the category. At the beginning of
April, we see healthy orderbooks and high run rates, pointing towards a clear acceleration of volume and
revenue growth in the quarter. We do, at this time, not experience shortages in key raw materials.
Our polyol recycling unit is starting up as we speak, and the construction of our Insulated Panels plant in
Tennessee (US) is on schedule for an early Q4 production start. Our operational excellence initiatives
both in operations and administration continue, and we increase the share of our higher margin sales in
downstream & high performance solutions.
We expect another year of growth, but given the uncertain geopolitical situation, Recticel Group, at this
stage does not provide a quantitative outlook for the year.”
https://files.webdisclosure.com/1403115/20260422_Q1_2026_Trading_Update_final.pdf
April 14, 2026
Dow Names Carter as Next CEO
Dow Chair and CEO Jim Fitterling to Become Executive Chair; Karen S. Carter Appointed Chief Executive Officer
MIDLAND, Mich., April 14, 2026 /PRNewswire/ — Dow (NYSE: DOW) today announced that Jim Fitterling, Chair and Chief Executive Officer, will become Executive Chair of the Board, effective July 1, 2026. The Dow Board of Directors has appointed Karen S. Carter, currently Chief Operating Officer, as Chief Executive Officer, effective July 1, 2026. Carter will also join Dow’s Board of Directors at that time. Richard Davis will continue to serve as Dow’s Independent Lead Director.
Today’s announcement reflects the culmination of a multi-year, thoughtful succession planning process and supports continuity as Dow continues to advance its strategy as a world leading materials science company.
“On behalf of the Board, I want to thank Jim for his exceptional leadership and continued contributions to Dow,” said Davis. “Jim has led the company through a period of significant transformation while strengthening Dow’s strategy, culture and long-term positioning. We are equally pleased to congratulate Karen on her appointment as CEO. She is a disciplined, highly respected leader with a deep understanding of Dow’s businesses and customers. This appointment reflects our confidence in her ability to lead Dow forward into its next chapter of growth and value creation for customers, employees and shareholders.”
A Legacy of Transformation and Value Creation
During his tenure as CEO, Jim Fitterling has played a pivotal role in reshaping Dow into a more focused, resilient and innovation-driven enterprise, with an emphasis on higher-growth, consumer demand-led markets. Since becoming CEO in 2018 and Board Chair in 2020, he has guided Dow through its spin-out from DowDuPont, navigated the enterprise through macroeconomic and geopolitical challenges, and transformed Dow by advancing its sustainability ambitions and reinforcing a culture centered on safety, performance and inclusion.
“Serving as CEO of Dow has been the privilege of a lifetime,” said Fitterling. “Together with our employees and leadership team, we have transformed Dow into a stronger, more focused company with the right strategy, capabilities and culture for the future. I look forward to continuing to support Dow as Executive Chair and working closely with Karen to help ensure continuity and strong execution.”
In his new role, Fitterling will continue to chair the Board and focus on long-term strategy, governance, and key external relationships, while supporting continuity in leadership and execution.
A Proven Leader to Lead Dow Forward
Karen S. Carter brings more than three decades of experience at Dow, with deep operational expertise and a strong track record of delivering results across the enterprise. As Chief Operating Officer, she has overseen business and operational performance company-wide, with responsibility for Dow’s operating segments and key functional organizations, while strengthening customer engagement and accelerating innovation.
Previously, Carter served as President of Dow’s Packaging & Specialty Plastics, the company’s largest operating segment, where she led value growth through asset upgrades, capacity expansions and improved reliability, while advancing circular economy solutions in close partnership with customers and brand owners. She has also held senior leadership roles across business, commercial, and corporate functions, giving her a uniquely holistic perspective on Dow’s operations.
“I am deeply honored to assume the role of CEO and lead Dow into our next chapter,” said Carter. “Dow has extraordinary people, world-class assets and leading positions in the markets we serve. Our focus remains unwavering: delivering reliable and innovative solutions for our customers, and long-term value for our employees and our shareholders, while accelerating our transformation to set a new competitive standard for best-in-class performance. I look forward to continuing my partnership with Jim in his new role as Executive Chair, and to working with the Board and all of Team Dow to advance our strategy and deliver on our priorities.”
April 13, 2026
Somnigroup to Acquire L & P
Somnigroup to buy Leggett & Platt in ~$2.5B all-stock deal
Apr 13, 2026, 6:40 AM ETSomnigroup International Inc. (SGI) Stock, LEG StockBy: Preeti Singh, SA News Editor
Somnigroup International (SGI) has agreed to acquire Leggett & Platt (LEG) in an all-stock transaction worth ~$2.5B, based on Somnigroup’s April 10 closing price.
Under the terms of the agreement, Leggett & Platt shareholders will receive 0.1455 shares of Somnigroup common stock in exchange for each share of Leggett & Platt common stock they own.
As a result, Leggett & Platt’s shareholders will own ~9% of the combined company on a fully diluted basis. The agreement has been unanimously approved by the boards of directors of both companies.
The transaction is currently anticipated to close by year-end 2026, subject to the satisfaction of customary closing conditions, including approval by Leggett & Platt’s shareholders and receipt of applicable regulatory approvals.
Upon closing, Leggett & Platt is expected to operate as a separate business unit within Somnigroup, similar to Tempur Sealy, Mattress Firm, and Dreams, and to maintain its offices in Carthage, Missouri.
Leggett & Platt’s chairman and CEO, Karl Glassman, will continue to lead Leggett & Platt following the closing date and will assist with a seamless transition to a new CEO of the Leggett & Platt business unit within twelve months of the closing date.
Somnigroup and Leggett & Platt have collaborated for nearly 50 years to drive innovation in the bedding market. After giving effect to the transaction, including elimination of intercompany sales, the combined company generated 2025 net sales of around $11.2B, ~$1.7B of adjusted EBITDA, and $1.1B of operating cash flow.
The combination is expected to be accretive to adjusted EPS before synergies in the first year post close and presents cost synergy opportunities with an expected net positive impact on adjusted EBITDA of $50M on a fully implemented annual run-rate basis.
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