Ashland (ASH) Tops Q1 EPS by 25c

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Go back to Ashland (ASH) Tops Q1 EPS by 25c

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

January 30, 2024 5:01 PM EST

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. 30, 2024 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) today announced financial results1 for the first quarter of fiscal year 2024, which ended December 31, 2023, and issued its... More