Dow Inc.'s Chief Financial Officer, Jeff Tate, indicated on March 13, 2025, that confidential draft decisions regarding the company's NOVA judgment have been received. Mr. Tate stated that the total amount awarded to Dow is expected to significantly surpass the prior expectations of approximately $500 million. This favorable outcome is anticipated to be a substantial cash flow item for Dow in 2025.
The judgment stems from a decades-long legal process, and the positioning of this case allows Dow to recover its associated costs. While the exact final damages are still subject to further calculations, the initial confidential data suggests a payout well above previous estimates. A public decision is expected to be released in the coming weeks, at which time more details will be shared.
This significant litigation win provides an additional cash tailwind for Dow, bolstering its financial flexibility. The proceeds will support the company's capital allocation priorities and strategic initiatives, contributing to its ability to navigate current market conditions and invest in future growth opportunities.
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