Ashland Q2 sales $575M, adjusted EBITDA $126M beats outlook; volumes improve first time since June 2022

ASHLAND INC.

2024-Q2 EPS reported $2.88 revenue$1,048,000,000

Sales $575M, down 5% YoY; net income $120M ($2.39 diluted), up from $91M.
Adjusted EBITDA $126M, down 13% from $145M but above prior outlook range.
Adjusted EPS ex-intangibles $1.27 vs $1.43; diluted shares down to 51M vs 55M.
Ongoing free cash flow $4M vs $37M; cash from ops $54M.
Personal Care and Specialty Additives volumes improving; $900M remaining under 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. updated its second quarter of fiscal year 2024 guidance (reaffirmed).

Period: second quarter of fiscal year 2024
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

On April 30, 2024, Ashland Inc. (“Ashland”) announced preliminary second quarter results, which are discussed in more detail in the news release (the “News Release”) attached to this Current Report on Form 8-K (“Form 8-K”) as Exhibit 99.1, which is incorporated herein by reference into this Item 2.02.

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Source: SEC EDGAR

accession 0000950170-24-050629

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