Ashland (ASH) Misses Q2 EPS by 3c; Guides FY23 Revenues Lower
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Ashland reports financial results1 for second quarter of fiscal year 2023 and updates fiscal year 2023 financial outlook; announces completion of $200 million share repurchase
May 2, 2023 5:15 PM EDTSales of $603 million consistent with the prior-year quarterNet income (including discontinued operations) of $91 million, or $1.67 per diluted shareIncome from continuing operations of $92 million, or $1.68 per diluted shareAdjusted income from continuing operations excluding intangibles amortization expense of $78 million, or $1.43 per diluted shareAdjusted EBITDA of $145 millionCash flows provided by operating activities of $56 million; ongoing free cash flow2 of $37 million
WILMINGTON, Del., May 02, 2023 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) today announced financial results1 for the second quarter of fiscal year 2023, which ended March 31, 2023. The global additives and specialty ingredients company... More
