---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-030444"
form_type: "8-K"
ticker: "ASH"
cik: "0001674862"
company_name: "ASHLAND INC."
filed_at: "2023-06-28T23:59:59+00:00"
generated_at: "2026-06-13T15:35:22.144061+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ashland sees Q3 sales down ~15%, EBITDA down 22-25%; cuts FY23 outlook; announces $1B buyback

## Summary
- Preliminary Q3 sales expected $545-550M (down ~15% YoY); adjusted EBITDA $130-135M (down 22-25%).
- Updated FY2023 outlook: if de-stocking persists, sales ~$2.2B and adjusted EBITDA ~$500M.
- Board approved new $1B evergreen share repurchase authorization; replaces $500M auth with $200M remaining.
- Since Sep 30, 2022, repurchased ~$300M; additional targeted restructuring actions planned.

## SEC filing metadata
- accession: 0000950170-23-030444
- form_type: 8-K
- ticker: ASH
- cik: 0001674862
- company_name: ASHLAND INC.
- filed_at: 2023-06-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674862/000095017023030444/0000950170-23-030444-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674862/000095017023030444/ash-20230628.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-030444
- JSON: https://secwatch.observer/filing/0000950170-23-030444.json
- Plain text: https://secwatch.observer/filing/0000950170-23-030444.txt

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