Ashland Stock Price, News & Analysis

Ashland Global Holdings Inc. (NYSE: ASH) reported its Q1 fiscal 2022 results, achieving sales of $512 million, a 9% increase year-over-year. The company’s net income was $48 million or $0.83 per diluted share, down from $56 million in the prior year due to logistics challenges and rising material costs. Adjusted EBITDA reached $106 million. Cash flows from operating activities totaled $14 million, significantly lower than the previous $81 million. For FY 2022, Ashland expects sales between $2.25 billion and $2.35 billion.

The board of directors of Ashland Global Holdings has declared a quarterly cash dividend of $0.30 per share on common stock. This dividend will be paid on March 15, 2022, to stockholders of record as of March 1, 2022. As of December 31, 2021, Ashland had 56,923,767 shares outstanding. The company focuses on providing innovative solutions in various consumer markets, ensuring sustainability through its products and practices.

Ashland Global Holdings Inc. (NYSE: ASH) reported preliminary Q1 fiscal 2022 results, indicating a 9% sales increase to approximately $512 million. However, challenges such as supply-chain issues led to delays in $20 million of confirmed orders. Expected income from operations is about $32 million ($0.55/share), with adjusted earnings of $51 million ($0.88/share). Adjusted EBITDA is anticipated at $106 million, a 5% rise. The company maintains its full-year sales outlook of $2.25B to $2.35B despite uncertainties in inflation and costs.

The board of directors of Ashland Global Holdings has declared a quarterly cash dividend of $0.30 per share on common stock, payable on December 15, 2021. Shareholders of record as of December 1, 2021 will receive the dividend. The company has 56,838,804 shares outstanding as of October 31, 2021. Ashland focuses on producing specialty ingredients for various sectors, including pharmaceuticals and food.

Ashland Global Holdings Inc. (NYSE: ASH) reported Q4 fiscal 2021 sales of $591 million, a 12% increase year-over-year. Net income rose to $43 million or $0.72 per diluted share. Adjusted EBITDA reached $149 million, up from $131 million the previous year. Cash flows from operating activities were $151 million, with free cash flows of $120 million. The company anticipates fiscal 2022 sales between $2.25 billion and $2.35 billion and adjusted EBITDA of $550 million to $570 million.

Ashland Global Holdings Inc. (NYSE: ASH) reported fiscal year sales of approximately $2.1 billion and fourth-quarter sales of $591 million, representing a decline from prior year's figures due to the divestiture of the Performance Adhesives business. Adjusted EBITDA for the fiscal year is expected to be around $495 million and for the fourth quarter, approximately $149 million. Discontinued operations accounting reflects this divestiture, with income statements restated for prior years. Upcoming earnings release is set for November 9, 2021, followed by a virtual Investor Day on November 12, 2021.

Ashland Global Holdings Inc. (NYSE: ASH) will host a virtual investor day on November 12, 2021, at 9 a.m. ET. CEO Guillermo Novo and executives will present an updated company profile and future strategies aimed at enhancing shareholder value. The agenda includes insights into life sciences, personal care, and specialty additives, emphasizing innovation and sustainable practices. Participants will have access to a live Q&A session and a virtual tradeshow showcasing new technologies. Registration details and live access will be available on Ashland's investor website.

Ashland Global Holdings Inc. (NYSE: ASH) reported updates for preliminary fiscal 2021 results, highlighting strong demand across its markets due to economic recovery. However, ongoing shipping and logistics challenges may result in Adjusted EBITDA being up to $10 million below the previously estimated range of $570 million to $590 million. Despite these challenges, CEO Guillermo Novo noted operational resilience and maintained optimism for fiscal year 2022. Additionally, Ashland has agreed to sell its Performance Adhesives business to Arkema for $1.65 billion, with results reported as discontinued operations.

Ashland Global Holdings Inc. (NYSE: ASH) has established a renewable annual trust for environmental remediation, following its alignment with the Paris Climate Accord. The trust, funded with $90 million from corporate-owned life insurance and $35 million in cash, aims to address legacy environmental liabilities. Ashland will allocate net proceeds from sales of remediated real estate, projected to total $300 million. This initiative is expected to cover annual remediation costs of approximately $35 million and future liabilities, enhancing the company’s commitment to ESG principles.