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 (NYSE: ASH) has announced that its board of directors has declared a quarterly cash dividend of $0.405 per share on the company's common stock. The dividend will be paid on March 15, 2025, to stockholders of record as of March 1, 2025. The company reported 47,182,862 outstanding shares of common stock as of December 31, 2024.
Ashland Inc. (NYSE: ASH) has announced it will release its first-quarter fiscal 2025 earnings report on Tuesday, January 28, 2025, at approximately 5 p.m. ET. The company will host a live webcast with securities analysts on Wednesday, January 29 at 9 a.m. ET, featuring an executive summary and detailed remarks.
Key executives participating in the presentation include Chair and CEO Guillermo Novo, CFO Kevin Willis, and several senior vice presidents. A slide presentation will be available simultaneously on the company's Investor Relations website. Participants are encouraged to register for phone access and dial in fifteen minutes before the scheduled start time. The webcast and supporting materials will remain accessible on Ashland's website for 12 months following the live event.
Ashland Inc. (NYSE: ASH) has announced a definitive agreement to sell its Avoca business to Mane. The transaction is expected to close in Q1 2025, subject to customary closing conditions. Avoca, which represents the final entity from Ashland's previous Pharmachem acquisition, operates two production facilities in North Carolina and Wisconsin, specializing in Sclareolide (a fragrance fixative) and contract manufacturing capabilities. Squire Patton Boggs is serving as Ashland's legal advisor for this transaction.
Ingevity (NYSE:NGVT) has elected J. Kevin Willis to its board of directors, expanding the board to nine members, with eight being independent. Willis currently serves as senior vice president and CFO at Ashland Inc. (NYSE:ASH), where he oversees worldwide financial functions and participates in global strategy setting. During his 37-year tenure at Ashland, Willis has accumulated extensive experience in accounting, finance, and treasury management, including international operations. His expertise includes driving shareholder value through capital allocation planning, operating efficiencies, and business portfolio separations, notably Ashland's separation from Valvoline.
Ashland Inc. (NYSE: ASH) marked its 100-year anniversary by ringing the opening bell at the New York Stock Exchange on December 9, 2024. CEO Guillermo Novo and company executives participated in this historic tradition that dates back to 1792.
The company has evolved from an oil and refining company to a focused additives and specialty ingredients company. One year ago, Ashland introduced seven new technology platforms aligned with its pharmaceutical, personal care, and specialty additives core, offering sustainable innovations to customers worldwide.
Ashland announced a strategy update event scheduled for December 10, 2024, in New York City. The event will provide an in-depth review of strategic priorities, initiatives, and financial objectives for fiscal year 2025. Despite challenges from inventory destocking in the materials sector, the company achieved margin expansion and high-quality free cash flow.
Ashland Inc. (NYSE: ASH) has announced a strategic partnership with the Arbor Day Foundation to plant 15,200 native trees, marking the company's 100-year anniversary. The initiative spans across Brazil, Mexico, and several U.S. states including Kentucky, West Virginia, Alabama, Mississippi, Georgia, and Florida.
The project includes specific focuses: Amazon rainforest reforestation (2,500 trees), wildlife corridor creation in Mexico (2,000 trees), former coal mine land restoration in the Central Appalachian Region (2,700 trees), and hurricane and flooding restoration in Gulf Coastal Forests (8,000 trees).
This initiative aligns with Ashland's recent commitment to Science based Targets initiative (SBTi) and their October 2023 formal approval of science-based targets addressing scope one, two and three emissions. The company emphasizes sustainable sourcing and innovation in personal care, architectural coatings, and life sciences through natural raw materials like cellulose and guar.
Ashland (NYSE: ASH) has announced its board of directors has declared a quarterly cash dividend of $0.405 per share on common stock. The dividend will be paid on December 15, 2024, to stockholders of record as of December 1, 2024. The company reported 47,109,326 outstanding shares of common stock as of October 31, 2024.
Ashland (NYSE: ASH) has announced a strategy update event for analysts and investors scheduled for December 10, 2024, in New York City. The event will feature presentations from Ashland's executive team, focusing on strategic priorities, key initiatives, and financial objectives for fiscal year 2025.
The session will run from 9:00 AM to 11:00 AM ET, followed by breakout sessions until noon for in-person attendees. Both in-person and webcast participants will have opportunities to engage in Q&A sessions.
Key presenters include Chair and CEO Guillermo Novo, CFO Kevin Willis, and senior leadership from specialty additives, life sciences, and personal care divisions. Registration is required, with in-person seating available. A webcast replay will be accessible for 12 months on Ashland's investor website.
Ashland Inc. (NYSE: ASH) reported Q4 fiscal 2024 financial results with sales of $522 million, up 1% year-over-year. Income from continuing operations was $19 million ($0.39 per diluted share), while adjusted EBITDA increased 68% to $124 million. The company faced challenges including HEC operating issues ($5 million impact) and softer coatings demand in China. Notable developments include the sale of nutraceuticals business to Turnspire Capital Partners and portfolio optimization initiatives that reduced overall sales by $24 million. The company repurchased 1.7 million shares and generated $88 million in ongoing free cash flow. For fiscal 2025, Ashland expects sales between $1.90-2.05 billion and adjusted EBITDA of $430-470 million.
Ashland Inc. (NYSE: ASH) has announced it will release its fourth-quarter fiscal 2024 earnings on Wednesday, November 6, 2024, at approximately 5 p.m. ET. The company will host a live webcast with securities analysts at 9 a.m. ET on Thursday, November 7, featuring an executive summary and detailed remarks. A slide presentation will be available in the Investor Relations section of the company's website. Key executives participating include Chair and CEO Guillermo Novo, CFO Kevin Willis, and other senior management team members. The webcast and supporting materials will be accessible through Ashland's website for 12 months after the event.