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For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Ashland (ASH) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.Ashland is a member of our Basic Materials group, which includes 240 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank gauges the stren ...

Ashland Global Holdings Inc. (ASH) recorded second-quarter fiscal 2024 (ending Mar 31, 2024) profits of $120 million or $2.39 per share, up from $91 million or $1.67 in the prior-year quarter.Barring one-time items, adjusted earnings came in at $1.27 per share, down from the year-ago quarter’s figure of $1.43. The bottom line surpassed the Zacks Consensus Estimate of $1.19.Sales were down 4.6% year over year to $575 million. The top line beat the Zacks Consensus Estimate of $574.2 million. Sales for the fis ...

Volumes are flat, but profitability is heading in the right direction.Basic materials provider Ashland (ASH -0.87%) had a solid quarter but trimmed its full-year estimates in response to its portfolio optimization efforts. Investors weren't sure what to think, sending Ashland shares down as much as 5.2% Wednesday before the stock recovered to trade down slightly heading into the close.Mixed results in a tough operating environmentAshland earned $1.27 per share on revenue of $575 million in its fiscal second ...

Ashland Inc. (NYSE:ASH) Q2 2024 Results Conference Call May 1, 2024 9:00 AM ET Company Participants William Whitaker - Vice President of Finance and Director of Investor Relations Guillermo Novo - Chair and Chief Executive Officer Kevin Willis - Senior Vice President and Chief Financial Officer Conference Call Participants Michael Sison - Wells Fargo Laurence Alexander - Jefferies David Begleiter - Deutsche Bank Chris Parkinson - Wolfe Research Josh Spector - UBS John Roberts - Mizuho Mike Harrison - Seapor ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 333-211719 ASHLAND INC. (a Delaware corporation) I.R.S. No. 81-2587835 8145 Blazer Drive Wilmington, Delaware 19808 Telephone Number ...

For the quarter ended March 2024, Ashland (ASH) reported revenue of $575 million, down 4.6% over the same period last year. EPS came in at $1.27, compared to $1.43 in the year-ago quarter.The reported revenue represents a surprise of +0.13% over the Zacks Consensus Estimate of $574.25 million. With the consensus EPS estimate being $1.19, the EPS surprise was +6.72%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectat ...

Ashland (ASH) came out with quarterly earnings of $1.27 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.72%. A quarter ago, it was expected that this chemical company would post earnings of $0.21 per share when it actually produced earnings of $0.45, delivering a surprise of 114.29%.Over the last four quarters, the company ...

Exhibit 99.1 Ashland reports financial results1for second quarter fiscal 2024; issues outlook for third quarter and full-year fiscal 2024 • Sales of $575 million, down five percent from the prior-year quarter • Net income (including discontinued operations) of $120 million, or $2.39 per diluted share • Income from continuing operations of $121 million, or $2.40 per diluted share • Adjusted income from continuing operations excluding intangibles amortization expense of $64 million, or $1.27 per diluted share ...

Sales of $575 million, down five percent from the prior-year quarterNet income (including discontinued operations) of $120 million, or $2.39 per diluted shareIncome from continuing operations of $121 million, or $2.40 per diluted shareAdjusted income from continuing operations excluding intangibles amortization expense of $64 million, or $1.27 per diluted shareAdjusted EBITDA of $126 millionCash flows provided by operating activities of $54 million; ongoing free cash flow2 of $4 million WILMINGTON, Del., Ap ...