Ashland Global Holdings, Inc. ( (ASH) ) has released its Q1 earnings. Here is a breakdown of the information Ashland Global Holdings, Inc. presented to its investors.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Ashland Inc. is a global additives and specialty ingredients company serving various consumer and industrial markets, including pharmaceuticals, personal care, and architectural coatings. In the first quarter of fiscal 2025, Ashland reported sales of $405 million, a 14% decline from the previous year, influenced by its portfolio optimization initiatives which reduced sales by approximately $50 million. The company experienced a net loss of $165 million, or $3.50 per diluted share, contrasting with a net income in the previous year, and saw adjusted EBITDA decrease by 13% to $61 million. Despite these challenges, the company achieved growth in its Personal Care segment, with sales increasing by 4% year-over-year, and saw stability in its Specialty Additives and Intermediates segments. Ashland remains focused on executing its strategic priorities, including advancing new technology platforms and globalizing its high-quality business lines, and maintains its fiscal year outlook with expected sales between $1.90 billion and $2.05 billion and adjusted EBITDA between $430 million and $470 million.
