Ashland Stock Price, News & Analysis

Ashland Global Holdings Inc. (NYSE: ASH) celebrated International Women’s Day by honoring female employees through its Ashland Women’s International Network (AWIN) and its annual Business Impact Award. Seventeen women were recognized for their contributions to the company's success, leading to a donation of $20,000 to the non-profit organization greenlight for girls, which aims to inspire girls to pursue STEM. CEO Guillermo Novo emphasized Ashland's commitment to increasing STEM opportunities, particularly for women and minorities, and vowed to share further success stories from their philanthropic program.

Ashland Global Holdings Inc. (NYSE: ASH) announced the launch of the Responsible Solvers™ program, enhancing its commitment to STEM education through increased funding and a paid employee volunteer initiative. This program aims to align with Ashland's mission of responsible solutions and address local community challenges. CEO Guillermo Novo emphasized that integrating ESG issues into their business model is essential for long-term success. The program will enable local customization to better address regional needs, fostering employee engagement and community impact.

Ashland Global Holdings Inc. (NYSE: ASH) has successfully concluded the sale of its Performance Adhesives business to Arkema for approximately $1.65 billion in cash. The company anticipates net proceeds between $1.2 billion and $1.3 billion and plans to utilize these funds for growth in core businesses, balance sheet optimization, and shareholder rewards. CEO Guillermo Novo highlighted the sale as a pivotal step towards focusing on their core additive and specialty ingredients operations across key markets.

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.