Ashland Inc. (AHT.F)
- Zacks
Ashland's (ASH) Earnings Beat Estimates in Q1, Revenues Lag
While Ashland (ASH) gains on disciplined pricing actions, weaker demand in China and significant inventory destocking weigh on its Q1 performance.
- GlobeNewswire
Ashland reports financial results1 for first quarter of fiscal year 2023 consistent with previous update
Sales of $525 million, up three percent from the prior-year quarterNet income (including discontinued operations) of $40 million, or $0.73 per diluted shareIncome from continuing operations of $42 million, or $0.76 per diluted shareAdjusted income from continuing operations excluding intangibles amortization expense of $54 million, or $0.97 per diluted shareAdjusted EBITDA of $108 millionCash flows used by operating activities of $29 million; ongoing free cash flow2 of negative $21 million WILMI
- GlobeNewswire
Ashland provides update on fiscal 2023 first-quarter earnings and maintains its financial outlook for fiscal year 2023; sets date for fiscal 2023 first-quarter earnings release
WILMINGTON, Del., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) today provided an update for preliminary fiscal 2023 first-quarter financial results1 and maintained its outlook for fiscal year 2023 results. Additional information regarding first-quarter fiscal 2023 earnings and full-year outlook will be shared during a conference call webcast with securities analysts on Wednesday, February 1, 2023. Preliminary fiscal 2023 first-quarter financial resultsAshland’s financial results du
