Ashland Stock Price, News & Analysis

Ashland Inc. (NYSE: ASH) announced plans to release its second-quarter earnings on May 2, 2023, at 5 p.m. ET. The company will host a live webcast for analysts on May 3, 2023, at 9 a.m. ET, featuring an executive summary and detailed remarks. Participants in the event include CEO Guillermo Novo, CFO Kevin Willis, and Director of Investor Relations Seth Mrozek. A slide presentation will be available on Ashland's Investor Relations website. The archived version of the webcast and supporting materials will be accessible for 12 months after the event. Ashland is a global provider of additives and specialty ingredients, with a focus on ESG practices, serving numerous markets including food and beverage and pharmaceuticals.

Ashland Inc. (NYSE: ASH) reported Q1 2023 sales of $525 million, reflecting a 3% increase year-over-year, primarily driven by strong demand for pharmaceutical ingredients. Net income decreased to $40 million, or $0.73 per diluted share, while income from continuing operations rose to $42 million, or $0.76 per diluted share. Adjusted EBITDA reached $108 million but faced pressures from foreign currency impacts and planned maintenance costs. Operating cash flow was negative $29 million, leading to ongoing free cash flow also remaining negative at $21 million. The company maintains its fiscal year 2023 sales guidance of $2.5 billion to $2.7 billion.

Ashland Inc. (NYSE: ASH) announced preliminary financial results for Q1 2023, reporting sales of approximately $525 million, a 3% year-over-year increase. Key factors influencing results included strong demand for pharmaceutical ingredients and resilient margins despite challenges in the Specialty Additives and Personal Care segments, primarily due to COVID-19 impacts and economic slowdowns in Europe. Expected income from continuing operations is around $42 million, or $0.76 per diluted share. Despite ongoing uncertainties, Ashland maintains its FY 2023 sales outlook of $2.5 billion to $2.7 billion and Adjusted EBITDA guidance of $600 million to $650 million.

The board of directors of Ashland has declared a quarterly cash dividend of $0.335 per share on its common stock. This dividend will be payable on March 15, 2023, to stockholders of record as of March 1, 2023.

As of December 31, 2022, Ashland had 54,271,587 shares of common stock outstanding. Ashland operates globally in additives and specialty ingredients, serving various markets including construction, energy, and pharmaceuticals, with a focus on environmental, social, and governance (ESG) practices.

Ashland Inc. (NYSE: ASH) has declared a quarterly cash dividend of $0.335 per share on its common stock. This dividend is scheduled for payment on December 15, 2022, to shareholders on record as of December 1, 2022. As of October 31, 2022, Ashland has 54,147,528 outstanding shares. Ashland is a global leader in additives and specialty ingredients, serving diverse markets including automotive, food and beverage, and pharmaceuticals, while emphasizing a commitment to environmental, social, and governance (ESG) principles.

Ashland Inc. (NYSE: ASH) reported Q4 fiscal 2022 results with sales of $631 million, a 7% increase year-over-year. Net income rose to $57 million, reflecting growth from $43 million in Q4 2021. Adjusted EBITDA was $147 million, slightly down from $149 million amid foreign currency challenges. The company expects 2023 sales between $2.5 billion and $2.7 billion, with adjusted EBITDA projected at $600 million to $650 million.

Ashland Inc. (NYSE: ASH) has received the Commitment to Life Award in the Human Rights category from Natura & Co for its Responsible Solvers™ program. This initiative promotes sustainable guar farming and aims to educate farmers in Rajasthan, India, utilizing STEM principles. Natura & Co emphasizes collaboration with suppliers to address environmental and social challenges. The Commitment to Life Awards evaluate suppliers' positive impact projects, showcasing Ashland's commitment to corporate social responsibility and its role in global sustainability efforts.

Ashland Inc. (NYSE: ASH) has achieved EcoVadis Gold, highlighting its commitment to environmental, social, and governance (ESG) practices. This recognition places Ashland in the top 5% of over 100,000 evaluated companies. The rating reflects the company's management systems across several non-financial areas, including labor, ethics, and sustainable procurement. This award follows the launch of Ashland's ESG Report and an enhanced ESG online presence, emphasizing transparency and the company's mission to foster a better world.