Welcome to our dedicated page for Ashland news (Ticker: ASH), a resource for investors and traders seeking the latest updates and insights on Ashland stock.
Ashland Inc. (NYSE: ASH) is a premier global specialty chemicals company that serves a wide range of consumer and industrial markets. With a workforce of nearly 7,000 passionate professionals, including renowned scientists, research chemists, talented engineers, and plant operators, Ashland thrives on developing practical, innovative, and elegant solutions to complex problems for customers in more than 100 countries.
Operating in four distinct segments—Life Sciences, Personal Care, Specialty Additives, and Intermediates—Ashland is a key supplier to pharmaceutical companies, manufacturers of personal care products, food and beverages, nutraceuticals, and supplements. The Life Sciences segment generates the highest revenue, reflecting the company’s strong focus on this area.
Recently, Ashland announced significant organizational changes within its finance, strategy, mergers and acquisitions (M&A), and portfolio teams. The company has also issued its first-quarter financial results for fiscal year 2024 and outlined its outlook for the second quarter and full year. Ashland's leadership positions in high-quality, consumer-focused markets such as pharmaceuticals, personal care, and architectural coatings underline its commitment to excellence.
Ashland continues to foster gender equity and empowerment by spotlighting inspirational female employees, particularly in recognition of International Women’s Day. The company recently increased its support for greenlight4girls, a global initiative to inspire girls in STEM fields.
In line with its strategic goals, Ashland has signed a definitive agreement to sell its nutraceuticals business to Turnspire Capital Partners LLC. The transaction, expected to close in the third quarter of 2024, is subject to customary closing conditions.
For the latest updates and more detailed information, visit the official Ashland website and the Investor Relations section.
Ashland Global Holdings Inc. (NYSE: ASH) announced the successful closing of a $450 million offering of 3.375% senior notes due 2031. These senior unsecured obligations will be guaranteed by Ashland Global Holdings. The funds will be primarily used to redeem existing 4.750% senior notes due 2022 and cover associated costs. Remaining proceeds will support general corporate purposes, including capital expenditures and debt repayment. The notes were offered to qualified institutional buyers and non-U.S. persons under relevant regulations, and not registered under the Securities Act.
Ashland Global Holdings Inc. (NYSE: ASH) has declared a quarterly cash dividend of $0.30 per share, payable on September 15, 2021, to stockholders of record as of September 1, 2021. As of July 31, 2021, the company has 60,734,468 shares outstanding. Ashland is recognized for its specialty materials, catering to diverse markets, including automotive, pharmaceuticals, and food and beverage.
Ashland Global Holdings Inc. (NYSE: ASH) has announced the pricing of $450 million in senior notes at 3.375%, due in 2031, through its subsidiary Ashland LLC. The offering is set to close on August 18, 2021, pending customary conditions. These unsecured notes will be guaranteed by Ashland Global Holdings. The proceeds will be used for refinancing existing senior notes due 2022, covering any associated costs, and for general corporate purposes, including working capital and capital expenditures.
Ashland Global Holdings Inc. (NYSE: ASH) announced its subsidiary Ashland LLC will offer $450 million of senior unsecured notes. The net proceeds will be used to redeem outstanding senior notes due 2022, covering premiums and associated expenses. Remaining funds will support general corporate activities, including working capital and capital expenditures. The offering is targeted at qualified institutional buyers and non-U.S. persons, and it will not be registered under the Securities Act.
Ashland Global Holdings Inc. (NYSE: ASH) reported preliminary financial results for Q3 of fiscal 2021, achieving sales of $637 million, an 11% increase year-over-year. Net income rose to $80 million, or $1.29 per diluted share, up from $37 million in the prior-year quarter. Adjusted EBITDA reached $148 million, driven by strong demand, despite challenges from supply-chain disruptions and raw material costs. Cash flows from operations totaled $233 million, with free cash flows at $210 million. The company reaffirmed its full-year expectations amidst ongoing market challenges.
Ashland Global Holdings Inc. (NYSE: ASH) will release its third-quarter earnings on July 27, 2021, at 5 p.m. ET. A live webcast for analysts and investors is scheduled for July 28, 2021, at 9 a.m. ET, featuring key executives including CEO Guillermo Novo. The webcast will include an executive summary and detailed remarks, and supporting materials will be available on the Investor Relations website. Archived versions will be accessible for 12 months thereafter.
Ashland Global Holdings (NYSE: ASH) announced preliminary financial results for Q3 and the full year of fiscal 2021, highlighting strong demand across its Life Sciences, Personal Care, and Specialty Additives sectors. However, challenges with raw material availability and supply chain inefficiencies are anticipated to pressure Adjusted EBITDA by $5 million to $10 million in Q3. Despite these challenges, the company maintains its Adjusted EBITDA guidance of $570 million to $590 million for the fiscal year. Strategic pricing actions are underway to offset rising raw material costs.
Ashland Global Holdings (NYS:ASH) announced the release of a comprehensive six-volume handbook on pyrrolidone and caprolactam based materials, authored by senior VP Osama Musa and his team. This publication aims to present the materials' synthesis, characterization, and applications across various industries, emphasizing their benefits to consumers and sustainability efforts. The handbook covers topics from the fundamental chemistry to complex applications in multiple sectors including pharmaceuticals and personal care. It is now available for purchase online.
Ashland Specialties Belgium BVBA has signed a memorandum of understanding with Dockwater BV to procure sustainable process water from the Dockwater project in Antwerp. This agreement aims to reduce drinking water consumption by up to 98% and overall water usage by 15%. Additionally, it is expected to lower water treatment chemical use by over 50%, while decreasing costs. The initiative supports sustainable water practices, improving the drinking water supply in Antwerp, and aligns with the Flemish government's Blue Deal for water conservation.
Ashland Global Holdings Inc. (NYSE: ASH) has initiated a strategic review of its performance adhesives business, considering all options including potential sale. This aligns with Ashland's strategy to focus on its core additive ingredients in pharma, personal care, and coatings. The CEO highlighted the business unit's strong performance and innovative potential. The company aims to enhance shareholder value through increased capital deployment and acquisitions in high-value sectors. The strategic review is expected to conclude by year-end 2021, assisted by Citi.
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