---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-001503"
form_type: "8-K"
ticker: "ASH"
cik: "0001674862"
company_name: "ASHLAND INC."
filed_at: "2023-01-31T23:59:59+00:00"
generated_at: "2026-06-20T05:29:28.145501+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ashland Q1 sales $525M (+3% YoY), adj. EPS $0.97, EBITDA $108M, reaffirms FY guidance

## Summary
- Net income $40M ($0.73 diluted), income from continuing ops $42M ($0.76 diluted).
- Adjusted income excl. intangibles amortization $54M ($0.97 diluted), up from $0.88 prior year.
- Adjusted EBITDA $108M, up 2% YoY; negative impact of $14M from FX and $12M from maintenance turnarounds.
- Cash flows used by operating activities -$29M; ongoing free cash flow -$21M, driven by higher working capital.
- Results consistent with Jan 25 update; FY 2023 guidance remains within original ranges despite China/Europe headwinds.

## SEC filing metadata
- accession: 0000950170-23-001503
- form_type: 8-K
- ticker: ASH
- cik: 0001674862
- company_name: ASHLAND INC.
- filed_at: 2023-01-31T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674862/000095017023001503/0000950170-23-001503-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674862/000095017023001503/ash-20230131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-001503
- JSON: https://secwatch.observer/filing/0000950170-23-001503.json
- Plain text: https://secwatch.observer/filing/0000950170-23-001503.txt

## Key facts
- Earnings Releases
  ASHLAND INC. reported the first quarter of fiscal year 2023, which ended December 31, 2022 results: revenue $525 million, net income $40 million, EPS $0.73 per diluted share. Guidance reaffirmed.
  - Period: the first quarter of fiscal year 2023, which ended December 31, 2022
  - Revenue: $525 million
  - Net income: $40 million
  - EPS: $0.73 per diluted share
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: Ashland reports financial results 1 for first quarter of fiscal year 2023 consistent with previous update • Sales of $525 million, up three percent from the prior-year quarter • Net income (including discontinued operations) of $40 million, or $0.73 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674862/000095017023001503/0000950170-23-001503-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.