Ashland (ASH) Reaffirms FY14 Expectations into Analyst Day
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In connection with Ashland’s (NYSE: ASH) previously announced analyst day presentation today, Ashland will be providing an overview of fiscal 2012 performance, a more in-depth review of the Ashland Specialty Ingredients (“ASI”) commercial unit, and a financial review of Ashland and its expectations regarding fiscal 2014 targets. The presentation will include, among other things, the following information:
* Ashland’s reaffirmation of its expectation to achieve overall fiscal 2014 adjusted earnings per share and adjusted EBITDA targets, as announced in November 2011;
* An update on Ashland’s expectations concerning the likelihood that each of its four commercial units will achieve their respective fiscal 2014 EBITDA targets, as announced in November 2011;
* Ashland’s expectations regarding free cash flow for fiscal 2013;
* An update regarding a potential loss resulting from straight-guar inventory impairment charges;
* An update regarding Ashland’s expectations for ASI’s performance for the first quarter of 2013; and
* Ashland’s expectations concerning the growth of each of the ASI business units as compared to the anticipated growth in their respective markets.
The supporting materials for the presentation are available on Ashland’s investor website at http://investor.ashland.com and will remain available for a period of twelve months. The supporting materials are to be considered in the context of Ashland’s filings with the Securities and Exchange Commission (“SEC”) and other public announcements. Information contained on Ashland’s website, including the supporting materials, is not part of this Current Report on Form 8-K and is not incorporated herein by reference.
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* Ashland’s reaffirmation of its expectation to achieve overall fiscal 2014 adjusted earnings per share and adjusted EBITDA targets, as announced in November 2011;
* An update on Ashland’s expectations concerning the likelihood that each of its four commercial units will achieve their respective fiscal 2014 EBITDA targets, as announced in November 2011;
* Ashland’s expectations regarding free cash flow for fiscal 2013;
* An update regarding a potential loss resulting from straight-guar inventory impairment charges;
* An update regarding Ashland’s expectations for ASI’s performance for the first quarter of 2013; and
* Ashland’s expectations concerning the growth of each of the ASI business units as compared to the anticipated growth in their respective markets.
The supporting materials for the presentation are available on Ashland’s investor website at http://investor.ashland.com and will remain available for a period of twelve months. The supporting materials are to be considered in the context of Ashland’s filings with the Securities and Exchange Commission (“SEC”) and other public announcements. Information contained on Ashland’s website, including the supporting materials, is not part of this Current Report on Form 8-K and is not incorporated herein by reference.
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