secwatch.observer — SEC 8-K summary
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Issuer:     ASHLAND INC. (ASH)
CIK:        0001674862
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0000950170-23-001503
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674862/000095017023001503/0000950170-23-001503-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674862/000095017023001503/ash-20230131.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-001503

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer