---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-008958"
form_type: "8-K"
ticker: "ASH"
cik: "0001674862"
company_name: "ASHLAND INC."
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T15:04:24.184290+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-008958
- form_type: 8-K
- ticker: ASH
- cik: 0001674862
- company_name: ASHLAND INC.
- filed_at: 2024-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1674862/000095017024008958/0000950170-24-008958-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674862/000095017024008958/ash-20240130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-008958
- JSON: https://secwatch.observer/filing/0000950170-24-008958.json
- Plain text: https://secwatch.observer/filing/0000950170-24-008958.txt

## Key facts
- Earnings Releases
  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
  source text: (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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674862/000095017024008958/0000950170-24-008958-index.htm

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