Ashland Q1 sales down 10% YoY to $473M; adj. EBITDA falls 35% to $70M

ASHLAND INC.

2024-Q1 EPS reported $0.51 revenue$473,000,000

Net income from continuing ops $28M ($0.54 diluted EPS) vs $42M ($0.76) a year ago; adjusted EPS excl. intangibles $0.45 vs $0.97.
Sales $473M, down 10% YoY; adjusted EBITDA $70M, down 35% from $108M, above prior outlook range.
Operating cash flow $201M; ongoing free cash flow $66M vs negative $21M a year ago, helped by inventory reduction.
Repurchased 1.2M shares for $100M in Q1; $900M remaining under evergreen buyback authorization.

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 first quarter of fiscal year 2024, which ended December 31, 2023 results: revenue $473 million, net income $26 million, EPS $0.51 per diluted share.

Period: first quarter of fiscal year 2024, which ended December 31, 2023
Revenue: $473 million
Net income: $26 million
EPS: $0.51 per diluted share
Result: preliminary results

Exact text from the filing

(EX-99.1) --- EX-99.1 Exhibit 99.1 Ashland reports financial results 1 for first quarter fiscal 2024; issues outlook for second quarter and full-year fiscal 2024 • Sales of $473 million, down 10 percent from the prior-year quarter • Net income (including discontinued operations) of $26 million, or $0.51 per diluted share • Income from continuing operations of

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 0000950170-24-008958

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.