STOCK TITAN

Ashland rings opening bell at NYSE recognizes 100-year anniversary

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Positive)
Tags

Ashland Inc. (NYSE: ASH) marked its 100-year anniversary by ringing the opening bell at the New York Stock Exchange on December 9, 2024. CEO Guillermo Novo and company executives participated in this historic tradition that dates back to 1792.

The company has evolved from an oil and refining company to a focused additives and specialty ingredients company. One year ago, Ashland introduced seven new technology platforms aligned with its pharmaceutical, personal care, and specialty additives core, offering sustainable innovations to customers worldwide.

Ashland announced a strategy update event scheduled for December 10, 2024, in New York City. The event will provide an in-depth review of strategic priorities, initiatives, and financial objectives for fiscal year 2025. Despite challenges from inventory destocking in the materials sector, the company achieved margin expansion and high-quality free cash flow.

Ashland Inc. (NYSE: ASH) ha celebrato il suo centenario suonando la campanella di apertura alla Borsa di New York il 9 dicembre 2024. Il CEO Guillermo Novo e i dirigenti dell'azienda hanno preso parte a questa tradizione storica che risale al 1792.

L'azienda è evoluta da un'impresa petrolifera e di raffinazione a una società concentrata su additivi e ingredienti specializzati. Un anno fa, Ashland ha lanciato sette nuove piattaforme tecnologiche allineate con il suo core business farmaceutico, per la cura personale e gli additivi speciali, offrendo innovazioni sostenibili ai clienti in tutto il mondo.

Ashland ha annunciato un evento di aggiornamento della strategia programmato per il 10 dicembre 2024, a New York City. L'evento fornirà una revisione approfondita delle priorità strategiche, delle iniziative e degli obiettivi finanziari per l'anno fiscale 2025. Nonostante le sfide derivanti dalla destoccaggio delle scorte nel settore dei materiali, l'azienda ha ottenuto un'espansione dei margini e un flusso di cassa libero di alta qualità.

Ashland Inc. (NYSE: ASH) celebró su centenario al son de la campana de apertura en la Bolsa de Nueva York el 9 de diciembre de 2024. El CEO Guillermo Novo y los ejecutivos de la empresa participaron en esta histórica tradición que se remonta a 1792.

La compañía ha evolucionado de ser una empresa de petróleo y refinación a una empresa enfocada en aditivos e ingredientes especiales. Hace un año, Ashland introdujo siete nuevas plataformas tecnológicas alineadas con su núcleo en farmacéuticos, cuidado personal y aditivos especiales, ofreciendo innovaciones sostenibles a clientes en todo el mundo.

Ashland anunció un evento de actualización de estrategia programado para el 10 de diciembre de 2024, en la ciudad de Nueva York. El evento proporcionará un análisis exhaustivo de las prioridades estratégicas, iniciativas y objetivos financieros para el año fiscal 2025. A pesar de los desafíos derivados del desabastecimiento de inventarios en el sector de materiales, la empresa logró una expansión de márgenes y un flujo de caja libre de alta calidad.

Ashland Inc. (NYSE: ASH)는 2024년 12월 9일 뉴욕 증권 거래소에서 개장 벨을 울리며 100주년 기념일을 축하했습니다. CEO 기예르모 노보와 회사 임원들이 1792년으로 거슬러 올라가는 이 역사적인 전통에 참여했습니다.

회사는 석유 및 정유 회사에서 첨가제 및 특수 성분에 집중하는 회사로 발전했습니다. 1년 전, Ashland는 제약, 개인 관리 및 특수 첨가제의 핵심에 맞춰 7개의 새로운 기술 플랫폼을 도입하여 전 세계 고객에게 지속 가능한 혁신을 제공했습니다.

Ashland는 2024년 12월 10일 뉴욕에서 예정된 전략 업데이트 이벤트를 발표했습니다. 이 이벤트는 2025 회계연도의 전략 우선 사항, 이니셔티브 및 재무 목표에 대한 심층 검토를 제공할 것입니다. 자재 부문에서 재고 축소로 인한 어려움에도 불구하고 회사는 마진 확대와 높은 품질의 잉여 현금을 달성했습니다.

Ashland Inc. (NYSE: ASH) a célébré son centenaire en sonnant la cloche d'ouverture de la Bourse de New York le 9 décembre 2024. Le PDG Guillermo Novo et les dirigeants de l'entreprise ont participé à cette tradition historique datant de 1792.

L'entreprise a évolué d'une société pétrolière et de raffinage à une entreprise axée sur les additifs et les ingrédients spéciaux. Il y a un an, Ashland a introduit sept nouvelles plateformes technologiques alignées sur son cœur de métier en pharmacie, soins personnels et additifs spéciaux, offrant des innovations durables à ses clients à travers le monde.

Ashland a annoncé un événement de mise à jour de la stratégie prévu pour le 10 décembre 2024, à New York. L'événement fournira un examen approfondi des priorités stratégiques, des initiatives et des objectifs financiers pour l'exercice fiscal 2025. Malgré les défis liés à la déstockage des inventories dans le secteur des matériaux, l'entreprise a réussi à élargir ses marges et à générer un flux de trésorerie libre de haute qualité.

Ashland Inc. (NYSE: ASH) feierte sein 100-jähriges Jubiläum, indem es am 9. Dezember 2024 die Eröffnungsbörse an der New Yorker Börse läutete. CEO Guillermo Novo und die Führungskräfte des Unternehmens nahmen an dieser historischen Tradition teil, die bis ins Jahr 1792 zurückreicht.

Das Unternehmen hat sich von einem Öl- und Raffinerieunternehmen zu einem Unternehmensfokus auf Additive und Spezialzutaten entwickelt. Vor einem Jahr stellte Ashland sieben neue Technologieplattformen vor, die auf seinem Kernbereich Pharmazie, Körperpflege und Spezialadditive ausgerichtet sind und nachhaltige Innovationen für Kunden weltweit anbieten.

Ashland gab ein Strategie-Update-Event bekannt, das für den 10. Dezember 2024 in New York City geplant ist. Bei der Veranstaltung wird eine umfassende Überprüfung der strategischen Prioritäten, Initiativen und finanziellen Ziele für das Geschäftsjahr 2025 stattfinden. Trotz der Herausforderungen durch den Rückgang der Bestände im Materialsektor erzielte das Unternehmen eine Margenausweitung und einen hochwertigen freien Cashflow.

Positive
  • None.
Negative
  • None.

Company to hold investor strategy update event on December 10, 2024

Wilmington, Del., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Participating in a tradition that has evolved since 1792, today, employees from Ashland Inc. (NYSE: ASH) gathered on the floor of the New York Stock Exchange as Guillermo Novo, chair and chief executive officer, Ashland, joined by company executives, rang the trading day’s opening bell. The event signifies a decade of evolution, resilience and sustainable solutions for the additives and specialty ingredients company and recognizes its 100-year anniversary.

“I want to thank our employees for their dedication, our customers for their trust and our shareholders for their support over the years which continues to be the foundation of our success,” said Guillermo Novo, chair and chief executive officer, Ashland.

From its origin of gavel banging to the modern workday bell ringing, the ritual marks the start and end of trading through the years and has come to celebrate economic growth and progress. One year ago, Ashland introduced seven new technology platforms aligned to the company’s pharmaceutical, personal care and specialty additives core, that extend to secondary markets with new and differentiated capabilities to unlock organic growth for Ashland and its customers worldwide. The platform solutions bring “new to the world” sustainable innovations, offering tunable choices to customers to enable the reshaping of their product portfolios, answering global megatrends, and responding to various regulatory landscapes.

“As the stock market has demonstrated resilience through devastating lows and exuberant highs over time, Ashland has consistently transformed itself ahead of market trends from an oil and refining company to a matrixed chemical company, and from a broad chemicals and materials provider to the focused additives and specialty ingredients company we are today; integrating environmental, social and governance (ESG) in our operating plans to responsibly solve for a better world,” said Novo.

strategy update event
Ashland is hosting a strategy update event for analysts and investors on December 10, 2024, in New York City. The company will provide an in-depth review of Ashland’s strategic priorities, key initiatives and financial objectives while emphasizing a proactive approach to market uncertainty in fiscal year 2025. The event includes presentations and prepared remarks from members of Ashland’s executive team, as well as breakout sessions for in-person attendees and an opportunity for both live and webcast attendees to ask questions during moderated Q&A sessions.

“This was a year marked by recovery from prolonged inventory destocking in the materials sector, yet Ashland was able to deliver strategic progress, margin expansion, high-quality free cash flow, and disciplined execution across our global portfolio,” continued Novo. “Despite a complex operating environment, we demonstrated our ability to drive value through portfolio optimization, commercial excellence, and focused growth in our core markets. As we execute our strategy, we remain focused on delivering sustainable, profitable growth and long-term shareholder value. I look forward to providing more context during our upcoming event,” concluded Novo.

To participate in Ashland’s strategy update event, interested participants must register for the event and have the option to attend via live webcast or in person. Presentations are expected to begin at 9:00 a.m. ET and conclude following Q&A sessions at 11:00 a.m. ET. After Q&A, in-person attendees will have the opportunity to discuss key initiatives with business line leaders and scientists in breakout sessions until 12:00 p.m ET. To register, participants should use the following link: registration page.

Registration information and further event details will be posted on Ashland’s investor website at http://investor.ashland.com.

A webcast of the event will be available live and can be accessed, along with supporting materials, through the Ashland website. A replay will be available within 24 hours of the live event and will be archived, along with supporting materials, on Ashland’s website for 12 months. Copies of the presentation may also be requested by sending an email to investor_relations@ashland.com

About Ashland 
Ashland Inc. (NYSE: ASH) is a global additives and specialty ingredients company with a conscious and proactive mindset for environmental, social and governance (ESG). The company serves customers in a wide range of consumer and industrial markets, including architectural coatings, construction, energy, food and beverage, personal care and pharmaceutical. Approximately 3,200 passionate, tenacious solvers thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries. Visit ashland.com and ashland.com/ESG to learn more. 

Trademark, Ashland or its subsidiaries, registered in various countries.

FOR FURTHER INFORMATION:

Investor Relations:Media Relations:
William C. Whitaker Carolmarie C. Brown
+1 (614) 790-2095+1 (302) 995-3158
wcwhitaker@ashland.comccbrown@ashland.com

 

Attachments


FAQ

Why did Ashland (ASH) ring the NYSE opening bell on December 9, 2024?

Ashland rang the NYSE opening bell to celebrate its 100-year anniversary and mark a decade of evolution in providing sustainable solutions as an additives and specialty ingredients company.

What are the key points of Ashland's (ASH) December 10, 2024 strategy update event?

The strategy update event will cover Ashland's strategic priorities, key initiatives, and financial objectives for fiscal year 2025, featuring presentations from executive team members and breakout sessions with business line leaders and scientists.

What technology platforms did Ashland (ASH) introduce in 2023?

Ashland introduced seven new technology platforms focused on pharmaceutical, personal care, and specialty additives, designed to provide sustainable innovations and help customers reshape their product portfolios.

How has Ashland (ASH) transformed its business over the years?

Ashland has transformed from an oil and refining company to a matrixed chemical company, and then to a focused additives and specialty ingredients company, integrating ESG principles into its operations.

Ashland Inc.

NYSE:ASH

ASH Rankings

ASH Latest News

ASH Stock Data

3.51B
46.67M
0.67%
96.56%
2.13%
Specialty Chemicals
Wholesale-chemicals & Allied Products
Link
United States of America
WILMINGTON