earnings
confidence medium
sentiment neutral
materiality 0.65
Ashland Q4 sales $522M (+1% YoY), adj. EBITDA $124M (+68%), issues FY2025 outlook
ASHLAND INC.
2024-FY EPS reported
$3.36
revenue$2,113,000,000
- Sales $522M, up 1% YoY; nutraceuticals divestiture and CMC/MC curtailments reduced sales ~$24M (5%).
- Adjusted EBITDA $124M (+68% YoY); below expectations due to HEC startup issues (~$5M) and weak China coatings demand.
- Net income $16M vs $(4)M; adjusted EPS ex-intangibles $1.26, up from $0.41 YoY.
- Bought back 1.7M shares in Q4; $620M remains under evergreen authorization. Cash from ops $80M; ongoing FCF $88M.
- Sold nutraceuticals to Turnspire Capital; production at U.S. cellulosic site normalized early October.