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 additives and specialty ingredients company serving markets such as architectural coatings, construction, energy, food and beverage, personal care and pharmaceutical. The ASH news feed on Stock Titan brings together company announcements, earnings releases and operational updates that reflect how this specialty materials business is performing and evolving across its segments.
Investors following ASH news can review detailed quarterly and annual earnings releases, where Ashland discusses sales, segment performance in Life Sciences, Personal Care, Specialty Additives and Intermediates, and the impact of portfolio optimization and manufacturing network initiatives. These releases often describe demand trends in pharmaceuticals, personal care, coatings and intermediates, along with commentary on pricing, volumes and regional dynamics.
News items also include capital allocation updates such as quarterly cash dividend declarations on Ashland common stock and information about share repurchase activity referenced in proxy materials. Governance and leadership developments, including appointments or changes in senior management and board composition, are reported through press releases and related Form 8-K filings.
Operational updates can cover topics such as production network changes or incidents at manufacturing facilities, with Ashland explaining expected effects on operations, costs and customer deliveries. The company also uses news releases to communicate scheduling details for earnings conference call webcasts and to provide access information for investors and analysts.
By monitoring the ASH news page, readers can track how Ashland’s additives and specialty ingredients business responds to market conditions, executes its Execute, Globalize, Innovate and Invest strategy, and advances ESG and sustainability priorities described in its proxy statement and public communications.
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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.
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