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) 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.
Ashland Global Holdings Inc. (NYSE: ASH) announced a definitive agreement to acquire the personal care business from Schülke & Mayr GmbH for €262.5 million in an all-cash deal. The acquisition, expected to close by the end of the June quarter, aims to enhance Ashland's position in specialty additives and expand its biotechnology and microbiology capabilities. This transaction is anticipated to be immediately accretive to earnings per share, aligning with Ashland's ESG goals and the 'clean beauty' trend in personal care.
On November 18, 2020, Ashland Global Holdings Inc. (NYSE: ASH) announced a quarterly cash dividend of $0.275 per share. This dividend will be payable on December 15, 2020, to stockholders recorded by December 1, 2020. With 60,578,546 shares outstanding as of October 31, 2020, the declaration reflects the company's commitment to returning value to its shareholders while continuing its operations across various consumer and industrial markets globally.
Ashland Global Holdings Inc. (NYSE: ASH) reported preliminary results for Q4 FY2020, with sales of $609 million, unchanged year-over-year but up 6% sequentially. Net income fell to $5 million or $0.07 per diluted share, down significantly from $411 million in the prior year. However, adjusted income from continuing operations increased to $76 million, or $1.25 per diluted share, reflecting a strong adjusted EBITDA of $154 million. Cash flows from operations reached $160 million, leading to free cash flows of $116 million.
Ashland Global Holdings Inc. (NYSE: ASH) announced plans to release its fourth-quarter earnings on November 10, 2020, at 5 p.m. ET. A live webcast with analysts and investors will occur on November 11, 2020, at 9 a.m. ET, featuring an executive summary and detailed remarks. Key executives participating include CEO Guillermo Novo and CFO Kevin Willis. Supporting materials will be available on the Investor Relations section of Ashland's website. The archived webcast will remain accessible for 12 months.
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