Ashland Global Hlds

Ashland, Inc. engages in the provision of architectural coatings, construction, energy, food and beverage, nutraceuticals, personal care, and pharmaceutical. It operates through the following segments: Life Sciences, Personal Care, Special Additives, and Intermediates. The company was founded in 1924 and is headquartered in Wilmington, DE.

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Ashland Global Hlds reports solid Q1 performance amidst regional challenges

Ashland Global Hlds' Q1 earnings call highlighted a mix of strong performance, challenges in certain regions, and opportunities for growth through strategic initiatives. The company's focus on enhancing shareholder value, addressing market uncertainties, and driving innovation positions it for future success.

Ashland Global Hlds faces Q2 challenges, eyes pharma growth

Ashland Global Hlds faced challenges in Q2 2023 from global uncertainties and destocking, impacting margins and earnings, while showing strength in the pharma and Life Sciences segments.
The company's strategic focus on M&A in growth areas and ending destocking actions in key segments present opportunities for revenue growth and value creation.
Despite challenges, Ashland's performance reflects resilience and strategic decision-making, with a positive outlook for cash flow improvement and long-term growth.
Investors should monitor the company's progress in addressing challenges, leveraging strengths, and capitalizing on opportunities to drive sustainable financial performance.

Ashland Global Hlds faces destocking challenges but emphasizes resilience and growth

Ashland Global Hlds faced challenges from customer destocking, leading to a decline in sales and adjusted EBITDA, but demonstrated resilience and strength in managing mix improvements and margins.
The company remains focused on innovation, growth opportunities, and market confidence, with investments in core assets and new technologies continuing despite market challenges.
Opportunities lie in new product initiatives, global expansion, and capacity additions in key technologies, positioning Ashland Global Hlds for future growth and success.
Despite short-term challenges, Ashland Global Hlds maintains a strategic outlook, emphasizing long-term strategies, market confidence, and a commitment to driving growth through innovation.

Ashland Global Hlds faces challenges but targets growth opportunities

Ashland Global Hlds faced challenges in Q4 and anticipates uncertainties in 2024 but remains focused on long-term growth opportunities.
The company is optimizing its portfolio, targeting new growth drivers, and managing costs effectively to navigate current market conditions.
Despite near-term challenges, Ashland is resilient and committed to maximizing upside potential while minimizing downside risks.
Management's emphasis on proactive inventory control, cost management, and strategic priorities underscores their commitment to long-term success.

Ashland Global Hlds reports mixed Q1 results, focuses on long-term growth

Ashland Global Hlds reported mixed Q1 results with sales decline and EBITDA decrease, focusing on long-term growth strategies and shareholder value creation.
Challenges include lower demand in key units, compensation adjustments, market dynamics, and cost management considerations, while opportunities lie in M&A, innovation, and market expansion.
Stability in certain business segments and strategic initiatives to optimize operations provide a foundation for future growth and profitability amidst current challenges.
Overall, Ashland's performance reflects a balancing act between short-term setbacks and long-term strategic positioning for sustainable growth and market competitiveness.

Ashland Global Hlds beats Q2 expectations, eyes growth opportunities

Ashland Global Hlds demonstrated resilience in Q2 2024, exceeding EBITDA outlook and focusing on strategic growth.
Despite challenges in pricing and market dynamics, the company maintains a strong financial position and growth focus.
Opportunities lie in innovation, segment growth, and EBITDA normalization above 2021 levels.
The company's performance reflects a balance of challenges, strengths, and a proactive approach to future growth.

Ashland reports solid Q4 results, eyes global growth opportunities

Ashland Global Hlds (ASH) delivered a resilient performance in Q4 2024, with sales and adjusted EBITDA showing positive growth trends.
Strategic priorities for fiscal year 2025 aim to address challenges, capitalize on opportunities, and drive profitable growth for the company.
Despite near-term uncertainties, Ashland remains optimistic about its long-term prospects and ability to navigate evolving market conditions.

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Ashland, Inc. is an additives and specialty ingredients company, which engages in the provision of architectural coatings, construction, energy, food and beverage, nutraceuticals, personal care, and pharmaceutical products. It operates through the following segments: Life Sciences, Personal Care, Specialty Additives, and Intermediates. The Life Sciences segment is involved in pharmaceuticals, nutrition, nutraceuticals, agricultural chemicals, diagnostic films, and fine chemicals. The Personal Care segment consists of biofunctionals, microbial protectants, skin care, sun care, oral care, hair care, and household solutions. The Specialty Additives segment focuses on rheology and performance-enhancing additives serving the architectural coatings, construction, energy, automotive, and various industrial markets. The Intermediates segment refers to production of 1,4 butanediol and related derivatives, including n-methylpyrrolidone. The company was founded in 1924 and is headquartered in Wilmington, DE.

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Ashland easily beat earnings estimates to start its new fiscal year. The specialty materials company also issued strong forward revenue guidance, citing improving demand trends.

Why Ashland Stock Popped Today

Ashland Inc. (ASH) Q1 2024 Earnings Call Transcript

Ashland's (ASH) first-quarter earnings top estimates while sales lag on volume weakness.

Ashland's (ASH) Q1 Earnings Beat Estimates, Revenues Miss

Although the revenue and EPS for Ashland (ASH) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Ashland (ASH) Reports Q1 Earnings: What Key Metrics Have to Say

Ashland (ASH) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.97 per share a year ago.

Ashland (ASH) Q1 Earnings Surpass Estimates

Sales of $473 million, down 10 percent from the prior-year quarter Net income (including discontinued operations) of $26 million, or $0.51 per diluted share Income from continuing operations of $28 million, or $0.54 per diluted share Adjusted income from continuing operations excluding intangibles amortization expense of $23 million, or $0.45 per diluted share Adjusted EBITDA of $70 million Cash flows provided by operating activities of $201 million; ongoing free cash flow2 of $66 million WILMINGTON, Del., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) today announced financial results1 for the first quarter of fiscal year 2024, which ended December 31, 2023, and issued its outlook for second quarter and full-year fiscal 2024.

Ashland reports financial results1 for first quarter fiscal 2024; issues outlook for second quarter and full-year fiscal 2024

Get a deeper insight into the potential performance of Ashland (ASH) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Insights Into Ashland (ASH) Q1: Wall Street Projections for Key Metrics

WILMINGTON, Del., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) today announced plans to issue its first-quarter earnings release at approximately 5 p.m. ET on Tuesday, January 30, 2024. The company's live webcast with securities analysts will include an executive summary and detailed remarks. The live webcast will take place at 9 a.m. ET on Wednesday, January 31, 2024. Simultaneously, the company will post a slide presentation in the Investor Relations section of its website at http://investor.ashland.com .

Ashland sets date for fiscal 2024 first-quarter earnings release and conference call webcast

WILMINGTON, Del., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH), the global additives and specialty ingredients company today announced organization changes to its finance and strategy, mergers and acquisitions (M&A) and portfolio teams, effective immediately.

Ashland announces organization changes to finance and strategy, M&A and portfolio teams

Ashland (ASH) reported earnings 30 days ago. What's next for the stock?

Why Is Ashland (ASH) Up 14.7% Since Last Earnings Report?

WILMINGTON, Del., Nov. 30, 2023 (GLOBE NEWSWIRE) -- The Science Based Targets initiative (SBTi) has validated the science-based greenhouse gas (GHG) emissions reductions targets submitted by Ashland Inc. (NYSE: ASH) as conforming with the SBTi Criteria and Recommendations. The company has joined more than 6,500 businesses who have committed to the SBTi to reduce emissions in line with climate science.

Ashland announces validation of comprehensive science-based greenhouse gas emissions reductions targets

WILMINGTON, Del., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) has announced the appointment of Sanat Chattopadhyay, executive vice president of Merck & Company (NYSE: MRK) to its Board of Directors. Chattopadhyay will serve on the Board's Environmental, Health, Safety, and Quality and Governance and Nominating Committees, effective November 13, 2023.  Prior to Merck, Chattopadhyay held leadership positions at Wyeth Pharmaceuticals, Aventis, Hoechst Marion Roussel and Hoechst India.

Ashland Board appoints Sanat Chattopadhyay, executive vice president, Merck & Company, as new director effective November 13, 2023

Sales of Ashland (ASH) are adversely impacted by lower volumes from customer inventory destocking, partly offset by favorable pricing in Q4.

Ashland's (ASH) Q4 Earnings Miss Estimates, Revenues Meet

WILMINGTON, Del., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) today announced financial results1 for the fourth quarter of fiscal year 2023, which ended September 30, 2023, together with its fiscal year 2023 results summary and first-quarter fiscal 2024 outlook. The global additives and specialty ingredients company holds leadership positions in high-quality, consumer-focused markets including pharmaceuticals, personal care and architectural coatings.

Ashland reports financial results1 for fourth-quarter fiscal 2023; issues outlook for first-quarter fiscal 2024

WILMINGTON, Del., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) today provided an update for preliminary fiscal 2023 fourth-quarter results, full-year sales and Adjusted EBITDA.1 Ashland's financial results during the quarter reflect market-demand dynamics and underlying business performance that were generally consistent with previously communicated expectations. Earnings for the quarter were most directly impacted by additional inventory-reduction actions taken to better position the company for more conservative demand scenarios.

Ashland provides update on fiscal 2023 fourth-quarter and full-year earnings1 and announces upcoming portfolio-optimization actions; sets date for fiscal 2023 fourth-quarter earnings release

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WILMINGTON, Del., Aug. 28, 2023 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) has changed the start time of the company's Innovation Day being held on Tuesday, September 12, 2023. The event will now begin at 9:30 a.m. ET instead of 9:00 a.m. ET for both in-person attendees as well as those participating by webcast.

Ashland changes start time for 2023 Innovation Day

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Ashland Inc. (NYSE:ASH ) Q3 2023 Earnings Conference Call July 26, 2023 9:00 AM ET Company Participants Seth Mrozek - Director, Investor Relations Guillermo Novo - Chief Executive Officer Kevin Willis - Chief Financial Officer Conference Call Participants David Begleiter - Deutsche Bank Christopher Parkinson - Mizuho Securities USA LLC Michael Sison - Wells Fargo Securities, LLC John McNulty - BMO Capital Markets Joshua Spector - UBS Group AG John Roberts - Credit Suisse Jeff Zekauskas - JPMorgan Chase & Co. Mike Harrison - Seaport Research Partners Kevin Estok - Jefferies Group LLC Operator Good day, and thank you for standing by. Welcome to the Ashland Inc. Third Quarter 2023 Earnings Call.

Ashland Inc. (ASH) Q3 2023 Earnings Call Transcript

The sales of Ashland (ASH) are adversely impacted by lower volumes from customer inventory destocking, partly offset by favorable pricing in Q3.

Ashland's (ASH) Earnings and Sales Miss Estimates in Q3

Although the revenue and EPS for Ashland (ASH) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Ashland (ASH) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Ashland (ASH) came out with quarterly earnings of $1.23 per share, missing the Zacks Consensus Estimate of $1.40 per share. This compares to earnings of $1.89 per share a year ago.

Ashland (ASH) Lags Q3 Earnings and Revenue Estimates

Sales of $546 million, down 15 percent compared to the prior-year quarter Net income (including discontinued operations) of $50 million, or $0.94 per diluted share Income from continuing operations of $42 million, or $0.79 per diluted share Adjusted income from continuing operations excluding intangibles amortization expense of $65 million, or $1.23 per diluted share Adjusted EBITDA of $133 million Cash flows provided by operating activities of $137 million; ongoing free cash flow2 of $97 million WILMINGTON, Del., July 25, 2023 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) today announced financial results1 for the third quarter of fiscal year 2023, which ended June 30, 2023.

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