Welcome to our dedicated page for Ashland news (Ticker: ASH), a resource for investors and traders seeking the latest updates and insights on Ashland stock.
Ashland Inc. reports developments for a global additives and specialty ingredients business serving pharmaceuticals, personal care, food and beverage, architectural coatings, construction, energy and other industrial markets. Company updates commonly cover quarterly results and outlook, segment demand across Life Sciences, Personal Care, Specialty Additives and Intermediates, pricing actions tied to raw-material and logistics conditions, and capital returns through common-stock dividends.
Other Ashland news includes product and regulatory developments for specialty ingredients such as agrimer™ eco-coat polymer seed coating from the Transformed Vegetable Oils technology platform, as well as distribution relationships for cellulose ethers and PVPP in food and beverage applications.
Ashland Global Holdings (NYSE: ASH) announced the completion of a $200 million share repurchase program and provided preliminary fiscal 2022 second-quarter financial results. Sales reached approximately $604 million, a 19% increase year-over-year. The company expects income from continuing operations of about $38 million, or $0.66 per diluted share. Adjusted EBITDA is projected at approximately $163 million, up 41%. Despite challenges from supply-chain issues and a potential economic impact from global events, the sales outlook remains steady at $2.25-$2.35 billion for the fiscal year.
Ashland Global Holdings has unveiled new sustainable personal care innovations at in-cosmetics Global in Paris, emphasizing its commitment to ESG principles. Highlighted products include Styleze™ es-dura, a plant-based hair care ingredient, and Caressense™ biofunctional, a phytofermented skin care extract. The company's Responsible Solvers™ program focuses on sustainable farming practices in India, improving farmer income by 30% while promoting gender equality. With expansion goals targeting 5,000 farms by 2025, Ashland is integrating sustainability into its growth strategy.
Ashland Global Holdings Inc. (NYSE: ASH) launched its Responsible Solvers™ initiative, aimed at enhancing sustainable farming practices in India. The initiative, in collaboration with the SM Sehgal Foundation, focuses on increasing guar crop yields and supporting local farmers. A pilot program involving 250 farms demonstrated a 30% increase in crop yield and reduced production costs. Plans are underway to scale the initiative to 5,000 farms by 2025, while also promoting gender equality through training.
Ashland Global Holdings Inc. (NYSE: ASH) will implement a price increase of up to 15% on all products starting April 1, 2022. This adjustment aims to mitigate the impacts of inflation affecting raw materials, energy, freight, and labor costs. The price hike encompasses Ashland’s entire product range across various markets, including life sciences, personal care, and specialty additives.
The company emphasizes its commitment to sustainability while serving a diverse client base worldwide.
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.