Ashland (NYSE: ASH) reported Q1 EPS of $1.41, $0.02 better than the analyst estimate of $1.39.

Outlook
Wulfsohn added: "Looking ahead, we should begin to lap some of the headwinds we have been facing as we enter the June quarter. In addition, Valvoline expects continued year-over-year earnings growth and margin improvement. We expect ASI to continue expanding its positions in higher-margin, core growth end markets. At the same time, in line with recent global dynamics, we are seeing lower-than-expected March quarter demand in Industrial Specialties markets in emerging regions. In this context, ASI is accelerating productivity and sales pipeline initiatives."

He concluded: "We have a great team, aligned around a clear strategy and vision, with a proven track record of taking the actions required to drive operating and financial results that will create value for our shareholders. We are making important gains within ASI's core growth end markets, Valvoline and with the separation into two great companies."

For earnings history and earnings-related data on Ashland (ASH) click here.