earnings
confidence high
sentiment neutral
materiality 0.75
Ashland Q3 adjusted EBITDA up 5% to $139M; adjusted EPS $1.49 beats prior year $1.23
ASHLAND INC.
2024-Q3 EPS reported
$3.01
revenue$1,591,000,000
- Sales $544M flat YoY; adjusted EBITDA $139M (+5%) on volume gains, favorable mix, and deflationary raw materials.
- GAAP continuing ops EPS $0.60 vs $0.79; adjusted EPS excl. intangibles amortization $1.49 vs $1.23.
- Repurchased 1.3M shares during Q3; $770M remaining under authorization.
- Operating cash flow $128M; ongoing free cash flow $112M, up from $97M in prior-year quarter.
- Personal Care and Specialty Additives volume growth offset by weaker Life Sciences; June softer than expected.