Ashland reports financial results1 for first quarter fiscal 2024; issues outlook for second quarter and full-year fiscal 2024

Sales of $473 million, down 10 percent from the prior-year quarterNet income (including discontinued operations) of$26 million, or $0.51 per diluted shareIncome from continuing operations of$28 million, or $0.54 per diluted shareAdjusted income from continuing operations excluding intangibles amortization expense of$23 million, or $0.45 per diluted shareAdjusted EBITDA of$70 millionCash flows provided by operating activities of $201 million; ongoing free cash flow2 of$66 million WILMINGTON, Del., Jan ...