Ashland (ASH) Misses Q1 EPS by 5c, Guides In-Line

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Go back to Ashland (ASH) Misses Q1 EPS by 5c, Guides In-Line

Ashland reports financial results1 for first quarter of fiscal year 2023 consistent with previous update

January 31, 2023 5:01 PM EST

Sales of $525 million, up three percent from the prior-year quarterNet income (including discontinued operations) of $40 million, or $0.73 per diluted shareIncome from continuing operations of $42 million, or $0.76 per diluted shareAdjusted income from continuing operations excluding intangibles amortization expense of $54 million, or $0.97 per diluted shareAdjusted EBITDA of $108 millionCash flows used by operating activities of $29 million; ongoing free cash flow2 of negative $21 million

WILMINGTON, Del., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) today announced financial results1 for the first quarter of fiscal year 2023, which ended December 31, 2022. The global additives and specialty ingredients... More