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.

Robin Lampkin named senior vice president, general counsel and secretary Robin Lampkin named senior vice president, general counsel and secretary

Ashland announces new general counsel

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.

Ashland reports financial results1 for third quarter of fiscal year 2023

Ashland (ASH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Ashland (ASH) to Report a Decline in Earnings: What to Look Out for

WILMINGTON, Del., July 14, 2023 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) today announced plans to issue its fiscal-third quarter earnings release at approximately 5 p.m. ET on Tuesday, July 25, 2023. 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, July 26, 2023. 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 2023 third-quarter earnings release and conference call webcast

Ashland (ASH) faces challenges stemming from customer de-stocking and macroeconomic uncertainties, as reflected in its Q3 preliminary results and updated outlook for fiscal year 2023.

Ashland (ASH) Provides Key Updates on Q3 and FY23 Outlook

WILMINGTON, Del., June 28, 2023 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) today provided an update for preliminary fiscal 2023 third-quarter financial results1 and its outlook for fiscal year 2023 results. The global additives and specialty ingredients company holds leadership positions in high-quality, consumer-focused markets including pharmaceuticals, personal care and architectural coatings.

Ashland provides update on projected fiscal 2023 third-quarter earnings and financial outlook for fiscal year 2023; announces new $1 billion evergreen share repurchase authorization

WILMINGTON, Del., June 26, 2023 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) today announced the appointment of Sergio Pedreiro, former chief operating officer, Revlon, to its Board of Directors, effective July 1, 2023.

Ashland Board appoints Sergio Pedreiro, former chief operating officer, Revlon, as new director effective July 1, 2023

Ashland Inc. has seen a softer start to 2023. The company's performance has been rather stable in the first half of the year, while growth was anticipated. Investors have priced in these setbacks, with valuations coming down amidst lower expectations.

Ashland Stock: A Tougher 2023

Investors need to pay close attention to Ashland (ASH) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Ashland (ASH) Stock?

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

Why Is Ashland (ASH) Down 6% Since Last Earnings Report?

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The latter half of May was disappointing for dividend growth investors, as Lowe's pulled back on its dividend growth rate and Union Pacific skipped its annual increase. The big increases came from smaller companies. The only double-digit boost came from chemical company Ashland, while staffing firm Insperity and regional bank TowneBank announced 9% boosts. The announcements of dividend increases will slow down as summer approaches, but we should still see double-digit boosts from Kroger, UnitedHealth and Great Southern Bancorp.

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Sales are stabilizing after a long restructuring process, but demand remains weak as customers hold high inventories. Profit margins have increased significantly in recent years thanks to the divestment of less profitable businesses.

Ashland: Strong Performance Despite Macroeconomic Headwinds

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15 Upcoming Dividend Increases, Including 1 Dividend King

Ashland's (ASH) goal is to have an annual dividend payout ratio of about 30% of adjusted income from continuing operations.

Ashland (ASH) Raises Dividend, Announces Share Buyback Plan

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Dividend Champion, Contender, And Challenger Highlights: Week Of May 14

WILMINGTON, Del., May 11, 2023 (GLOBE NEWSWIRE) -- The board of directors of Ashland Inc. (NYSE: ASH) has declared a quarterly cash dividend of $0.385 cents per share on the company's common stock representing a 15 percent increase from the previous quarter. The dividend is payable on June 15, 2023, to stockholders of record at the close of business on June 1, 2023. As of April 30, 2023, there were 52,353,681 shares of Ashland common stock outstanding.

Ashland announces 15 percent increase in quarterly dividend, new dividend policy and $100 million share repurchase program

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Ashland and Ingevity both came up short of analysts' expectations regarding quarterly earnings reports. Management teams for Ashland and Ingevity both see a less auspicious 2023.

Why Shares of Ashland, Ingevity, and Mativ Are Falling This Week

Demand weakness in personal care and specialty additives and customer inventory destocking hurt Ashland's (ASH) Q2 results.

Ashland's (ASH) Earnings and Revenues Lag Estimates in Q2

Ashland Inc. (NYSE:ASH ) Q2 2023 Earnings Conference Call May 3, 2023 9:00 AM ET Company Participants Seth Mrozek - Director, Investor Relations Guillermo Novo - Chair & Chief Executive Officer Kevin Willis - Senior Vice President & Chief Financial Officer Conference Call Participants Christopher Parkinson - Mizuho Securities Lucas Beaumont - UBS Michael Sison - Wells Fargo John McNulty - BMO Mike Harrison - Seaport Research Partners David Begleiter - Deutsche Bank John Roberts - Credit Suisse Laurence Alexander - Jefferies Jeffrey Zekauskas - JPMorgan Operator Good day, and thank you for standing by. Welcome to the Ashland Second Quarter 2023 Earnings Call.

Ashland Inc. (ASH) Q2 2023 Earnings Call Transcript

Ashland (ASH) came out with quarterly earnings of $1.43 per share, missing the Zacks Consensus Estimate of $1.53 per share. This compares to earnings of $1.50 per share a year ago.

Ashland (ASH) Misses Q2 Earnings and Revenue Estimates

WILMINGTON, Del., May 02, 2023 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) today announced financial results1 for the second quarter of fiscal year 2023, which ended March 31, 2023. 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 second quarter of fiscal year 2023 and updates fiscal year 2023 financial outlook; announces completion of $200 million share repurchase

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