Ashland posts preliminary Q4 net loss of $4M; Adj. EBITDA $74M, below expectations

ASHLAND INC.

2023-FY EPS reported $3.31 revenue$2,191,000,000

Preliminary Q4 sales $518M; full-year sales $2.19B. Net loss $4M in Q4, net income $178M in FY.
Adjusted EBITDA $74M in Q4 and $459M full year; includes ~$58M inventory-control actions in Q4.
Initiating portfolio optimization: divest nutraceuticals, optimize CMC/MC/HEC; targets ~200 bps EBITDA margin improvement.
Inventory reduction of $86M from June 30; ongoing free cash flow of $104M in Q4.
Pricing favorable except in Intermediates; volumes negative due to customer destocking.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ASHLAND INC. reported full fiscal year 2023 results: revenue $2.19 billion, net income $178 million net income.

Period: full fiscal year 2023
Revenue: $2.19 billion
Net income: $178 million net income
Result: preliminary results

Exact text from the filing

o Fiscal fourth-quarter and full-year sales of $518 million and $2.19 billion, respectively; o Net loss (including discontinued operations) of $4 million for the quarter; net income (including discontinued operations) of $178 million for the full year;

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ASHLAND INC. reported fiscal fourth-quarter 2023 results: revenue $518 million, net income $4 million net loss.

Period: fiscal fourth-quarter 2023
Revenue: $518 million
Net income: $4 million net loss
Result: preliminary results

Exact text from the filing

o Fiscal fourth-quarter and full-year sales of $518 million and $2.19 billion, respectively; o Net loss (including discontinued operations) of $4 million for the quarter;

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

ASHLAND INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-057580

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.