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.
The board of directors of Ashland Global Holdings has declared a quarterly cash dividend of $0.30 per share on common stock. This dividend will be paid on March 15, 2022, to stockholders of record as of March 1, 2022. As of December 31, 2021, Ashland had 56,923,767 shares outstanding. The company focuses on providing innovative solutions in various consumer markets, ensuring sustainability through its products and practices.
Ashland Global Holdings Inc. (NYSE: ASH) reported preliminary Q1 fiscal 2022 results, indicating a 9% sales increase to approximately $512 million. However, challenges such as supply-chain issues led to delays in $20 million of confirmed orders. Expected income from operations is about $32 million ($0.55/share), with adjusted earnings of $51 million ($0.88/share). Adjusted EBITDA is anticipated at $106 million, a 5% rise. The company maintains its full-year sales outlook of $2.25B to $2.35B despite uncertainties in inflation and costs.
The board of directors of Ashland Global Holdings has declared a quarterly cash dividend of $0.30 per share on common stock, payable on December 15, 2021. Shareholders of record as of December 1, 2021 will receive the dividend. The company has 56,838,804 shares outstanding as of October 31, 2021. Ashland focuses on producing specialty ingredients for various sectors, including pharmaceuticals and food.
Ashland Global Holdings Inc. (NYSE: ASH) reported Q4 fiscal 2021 sales of $591 million, a 12% increase year-over-year. Net income rose to $43 million or $0.72 per diluted share. Adjusted EBITDA reached $149 million, up from $131 million the previous year. Cash flows from operating activities were $151 million, with free cash flows of $120 million. The company anticipates fiscal 2022 sales between $2.25 billion and $2.35 billion and adjusted EBITDA of $550 million to $570 million.
Ashland Global Holdings Inc. (NYSE: ASH) reported fiscal year sales of approximately $2.1 billion and fourth-quarter sales of $591 million, representing a decline from prior year's figures due to the divestiture of the Performance Adhesives business. Adjusted EBITDA for the fiscal year is expected to be around $495 million and for the fourth quarter, approximately $149 million. Discontinued operations accounting reflects this divestiture, with income statements restated for prior years. Upcoming earnings release is set for November 9, 2021, followed by a virtual Investor Day on November 12, 2021.
Ashland Global Holdings Inc. (NYSE: ASH) will host a virtual investor day on November 12, 2021, at 9 a.m. ET. CEO Guillermo Novo and executives will present an updated company profile and future strategies aimed at enhancing shareholder value. The agenda includes insights into life sciences, personal care, and specialty additives, emphasizing innovation and sustainable practices. Participants will have access to a live Q&A session and a virtual tradeshow showcasing new technologies. Registration details and live access will be available on Ashland's investor website.
Ashland Global Holdings Inc. (NYSE: ASH) reported updates for preliminary fiscal 2021 results, highlighting strong demand across its markets due to economic recovery. However, ongoing shipping and logistics challenges may result in Adjusted EBITDA being up to $10 million below the previously estimated range of $570 million to $590 million. Despite these challenges, CEO Guillermo Novo noted operational resilience and maintained optimism for fiscal year 2022. Additionally, Ashland has agreed to sell its Performance Adhesives business to Arkema for $1.65 billion, with results reported as discontinued operations.
Ashland Global Holdings Inc. (NYSE: ASH) has established a renewable annual trust for environmental remediation, following its alignment with the Paris Climate Accord. The trust, funded with $90 million from corporate-owned life insurance and $35 million in cash, aims to address legacy environmental liabilities. Ashland will allocate net proceeds from sales of remediated real estate, projected to total $300 million. This initiative is expected to cover annual remediation costs of approximately $35 million and future liabilities, enhancing the company’s commitment to ESG principles.
Ashland Global Holdings (NYSE: ASH) has announced an accelerated share repurchase (ASR) agreement with JPMorgan Chase Bank, committing to buy back $450 million of its common stock. This initiative is part of a broader $1 billion share repurchase program, with $800 million still available. The ASR is expected to enhance shareholder value through disciplined capital allocation and reflects the board's confidence in the company’s strong balance sheet and free cash flow generation.
Ashland Global Holdings Inc. (NYSE: ASH) announced the sale of its performance adhesives business to Arkema for approximately $1.65 billion. The cash transaction, which values the business at 20 times LTM EBITDA, is expected to close by year-end 2021, subject to regulatory approval. Ashland anticipates net proceeds will be between $1.2 billion and $1.3 billion, which will be utilized for growth investments, optimizing the balance sheet, and rewarding shareholders. This move aligns with Ashland’s strategy to focus on its core additive and ingredients portfolio.
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