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Ashland Inc. - ASH STOCK NEWS

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.

Rhea-AI Summary
Ashland Inc. (NYSE: ASH) announces organization changes in finance and strategy, mergers and acquisitions, and portfolio teams. Seth Mrozek, director of investor relations, becomes director of portfolio strategy. William Whitaker, vice president of treasury, becomes vice president of finance and director of investor relations. Michael Coppola, finance director, becomes treasurer, and Michael Miragliotta, senior manager of financial planning and analysis, becomes finance director for personal care and specialty additives. Kevin Willis, the chief financial officer, expresses gratitude and excitement for the continuing contributions and promotions within the company.
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Ashland Global Holdings Inc. (ASH) Vice President Carolmarie Brown receives yearly award for her impactful contributions to the business community in Delaware
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Ashland Inc. (NYSE: ASH) has had its science-based greenhouse gas emissions reductions targets validated by the Science Based Targets initiative (SBTi), committing to reduce absolute scope 1 and 2 GHG emissions by 50.4% from a FY2022 baseline year by FY2032, as well as reduce absolute scope 3 GHG emissions by the same percentage within the same timeframe. The company's commitment is aligned with the United Nations (UN) compact sustainable development goals (SDGs) and demonstrates a strong environmental, social, and governance (ESG) commitment.
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Ashland Inc. (ASH) has published its 2022 Environmental, Social and Governance (ESG) Report, highlighting its commitment to ESG practices, progress across materiality assessment, and alignment with the UN Global Compact and Science-Based Targets initiative. The report demonstrates improvements in GHG emissions, water, energy, and hazardous waste intensity, as well as the company's focus on sustainable sourcing, safe manufacturing, and philanthropic initiatives.
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Ashland Inc. (NYSE: ASH) appoints Sanat Chattopadhyay from Merck & Company to its Board of Directors, increasing the Board's size to 11 members until January 2024. Chattopadhyay brings extensive global executive experience in manufacturing, distribution, and supply chain, particularly in the biopharmaceutical industry.
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Ashland Inc. (NYSE: ASH) Declares $0.385 Quarterly Cash Dividend
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ASH - Ashland Inc. Reports Q4 FY2023 Sales of $518M, Down 18% YoY, Net Loss of $4M, Adjusted EBITDA of $74M. Company announces Q1 FY2024 outlook, focusing on pharmaceuticals, personal care, and architectural coatings markets.
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Ashland Inc. provided an update for preliminary fiscal 2023 fourth-quarter results, full-year sales, and Adjusted EBITDA. Sales for the quarter were $518 million, with a net loss of $4 million. Adjusted EBITDA was $74 million, including $58 million of inventory-control actions. The company is taking portfolio-optimization actions to improve resilience and profitability, including divesting the nutraceuticals business and optimizing industrial businesses. These actions are expected to result in improved margins and returns.
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Ashland Inc. changes start time of Innovation Day event on September 12, 2023 from 9:00 a.m. ET to 9:30 a.m. ET.
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Ashland Inc. appoints Robin Lampkin as senior vice president, general counsel, and secretary.
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FAQ

What is the current stock price of Ashland (ASH)?

The current stock price of Ashland (ASH) is $71.85 as of December 20, 2024.

What is the market cap of Ashland (ASH)?

The market cap of Ashland (ASH) is approximately 3.4B.

What does Ashland Inc. specialize in?

Ashland Inc. is a global specialty chemicals company that serves a variety of consumer and industrial markets, including pharmaceuticals, personal care, food and beverage, and more.

How many employees does Ashland Inc. have?

Ashland Inc. employs nearly 7,000 passionate professionals who work in various scientific, engineering, and operational roles.

What are the main business segments of Ashland Inc.?

Ashland Inc. operates in four main segments: Life Sciences, Personal Care, Specialty Additives, and Intermediates.

Who are some of Ashland Inc.'s key customers?

Key customers include pharmaceutical companies, manufacturers of personal care products, food and beverages, and nutraceuticals and supplements.

What recent organizational changes has Ashland Inc. announced?

Ashland Inc. announced changes to its finance, strategy, mergers and acquisitions (M&A), and portfolio teams, effective immediately.

How does Ashland Inc. support gender equity?

Ashland Inc. supports gender equity by recognizing inspirational female employees and increasing its support for initiatives like greenlight4girls.

What strategic transaction did Ashland Inc. recently announce?

Ashland Inc. announced a definitive agreement to sell its nutraceuticals business to Turnspire Capital Partners LLC, expected to close in the third quarter of 2024.

Where can I find Ashland Inc.'s financial updates?

Financial updates are available in the Investor Relations section of the Ashland website at http://investor.ashland.com.

What is Ashland Inc.'s ticker symbol and where is it listed?

Ashland Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol ASH.

What are some key markets served by Ashland Inc.?

Ashland Inc. serves key markets including adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care, and pharmaceutical.

Ashland Inc.

NYSE:ASH

ASH Rankings

ASH Stock Data

3.40B
46.67M
0.67%
96.56%
2.13%
Specialty Chemicals
Wholesale-chemicals & Allied Products
Link
United States of America
WILMINGTON