Ashland (ASH) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this chemical company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trend ...

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Shares of Ashland (ASH 15.91%) jumped 15.9% on Wednesday after the specialty materials company delivered better-than-feared quarterly results and encouraging forward guidance.Ashland delivers amid improving demand trendsFor its fiscal first quarter of 2024 ended Dec. 31, 2023, Ashland's sales declined 10% year over year to $473 million, translating to adjusted (non-GAAP) net income of $0.45 per share (down from $0.97 per share a year earlier). Analysts, on average, were expecting adjusted earnings of only $ ...

Call Start: 9:00 January 1, 0000 10:23 AM ET Ashland Inc. (NYSE:ASH) Q1 2024 Earnings Conference Call January 31, 2024 9:00 AM ET Company Participants Seth Mrozek - Director, Investor Relations Guillermo Novo - Chair of the Board and Chief Executive Officer Kevin Willis - Senior Vice President and Chief Financial Officer Conference Call Participants David Begleiter - Deutsche Bank Joshua Spector - UBS Group AG Mike Harrison - Seaport Research Partners Jeff Zekauskas - JP Morgan Laurence Alexander - Jefferie ...

Ashland Global Holdings Inc. (ASH) recorded first-quarter fiscal 2024 (ending Dec 31, 2023) adjusted earnings of 45 cents per share, down from 97 cents in the prior-year quarter. The bottom line beat the Zacks Consensus Estimate of 21 cents.Sales declined by 9.9% year over year to $473 million, falling short of the Zacks Consensus Estimate of $478.4 million. The decline is attributed to weaker volumes, partly offset by improved pricing within the Life Sciences and Personal Care segments. Segment HighlightsL ...

Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Ashland has identified some of these forward-looking statements with words such as “anticipates,” “believes,” “expects,” “estimates,” “is likely,” “predicts,” “projects,” “forecasts,” “objectives,” “may,” “will,” “should,” “plans” and “intends” and the negative of these words or other c ...

For the quarter ended December 2023, Ashland (ASH) reported revenue of $473 million, down 9.9% over the same period last year. EPS came in at $0.45, compared to $0.97 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $478.44 million, representing a surprise of -1.14%. The company delivered an EPS surprise of +114.29%, with the consensus EPS estimate being $0.21.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...

Ashland (ASH) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 114.29%. A quarter ago, it was expected that this chemical company would post earnings of $0.47 per share when it actually produced earnings of $0.41, delivering a surprise of -12.77%.Over the last four quarters, the compan ...

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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 333-211719 (a Delaware corporation) I.R.S. No. 81-2587835 8145 Blazer Drive Wilmington, Delaware 19808 Telephone Number (302) 995 ...