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. (NYSE: ASH) is a global leader in specialty chemicals and advanced additives serving industries from pharmaceuticals to sustainable construction. This page provides investors and professionals with essential updates on corporate developments, financial results, and market innovations.
Discover official press releases alongside curated analysis of Ashland's strategic initiatives in life sciences, personal care ingredients, and industrial solutions. Our repository includes updates on product launches, sustainability efforts, and operational milestones that shape the company's trajectory.
Key content categories include quarterly earnings reports, merger and acquisition activity, leadership changes, and technological breakthroughs in specialty chemicals. All materials are sourced from verified channels to ensure accuracy and relevance for decision-makers.
Bookmark this page for streamlined access to Ashland's evolving story. Check regularly for new developments that demonstrate the company's commitment to solving complex material science challenges through innovation.
Ashland Global Holdings Inc. (NYSE: ASH) has completed the acquisition of the personal care business from Schülke & Mayr GmbH for €262.5 million in cash. This acquisition is expected to be immediately accretive to Ashland's earnings per share and will enhance its consumer business portfolio and specialty additives position. The move aligns with Ashland's ESG goals and 'clean beauty' trend, appealing to a new generation of consumers. The acquisition supports their strategy for growth in the personal care sector, with a focus on sustainable solutions.
Ashland Global Holdings Inc. (NYSE: ASH) announced preliminary financial results for Q2 fiscal 2021, revealing sales of $598 million, a 2% decline year-on-year. Net income stood at $41 million or $0.66 per diluted share, a recovery from a previous loss. Adjusted income from continuing operations was $64 million or $1.05 per diluted share. While adjusted EBITDA dropped to $134 million, cash flow from operations improved to $64 million, with free cash flow of $40 million. Weather-related disruptions and changing consumer habits impacted sales.
Ashland Global Holdings Inc. (NYSE: ASH) is set to release its second-quarter earnings on April 28, 2021, at 5 p.m. ET. A live webcast for securities analysts and investors will follow on April 29, 2021, at 10 a.m. ET, featuring remarks from CEO Guillermo Novo and CFO Kevin Willis. The event will include an executive summary along with a slide presentation, available in the Investor Relations section of Ashland's website. An archived version of the webcast will be accessible for 12 months post-event.
Ashland Global Holdings Inc. (NYSE: ASH) announced plans to expand the production capacity of Natrosol™ hydroxyethylcellulose (HEC) at its Nanjing, China facility. This decision is driven by unprecedented demand for HEC, a key ingredient in various industries including paints and coatings, driven by a shift towards sustainable, water-based solutions. The expansion aligns with Ashland's growth strategy and commitment to customer needs and supply security.
Ashland Global Holdings Inc. (NYSE: ASH) reported preliminary financial results for Q1 FY2021, with sales reaching $552 million, up 4% year-over-year. The net income stood at $56 million or $0.91 per diluted share, significantly higher than $32 million last year. Income from continuing operations was $61 million or $0.99 per diluted share. Adjusted EBITDA rose to $124 million from $88 million the previous year. Operating cash flows were $106 million, improving from a deficit of $34 million in the prior-year quarter.
The board of directors of Ashland Global Holdings has declared a quarterly cash dividend of $0.275 per share on its common stock. This dividend is payable on March 15, 2021, to stockholders of record by the close of business on February 26, 2021. As of December 31, 2020, the company had 60,667,388 shares outstanding. Ashland operates in various markets, including adhesives, automotive, and pharmaceuticals, and serves customers in over 100 countries.
Ashland Global Holdings Inc. (NYSE: ASH) will announce its first-quarter earnings on February 3, 2021, at 5 p.m. ET, followed by a live webcast on February 4, 2021, at 9 a.m. ET. The event will feature insights from key executives, including CEO Guillermo Novo and CFO Kevin Willis. An executive summary and detailed remarks will be part of the presentation. Archived materials will be available on the investor relations website for 12 months.
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