Ashland reports financial results1 for first quarter fiscal 2024; issues outlook for second quarter and full-year fiscal 2024
ASHAshland(ASH) Newsfilter·2024-01-31 06:01

o Sales of 473million,down10percentfromtheprioryearquarterNetincome(includingdiscontinuedoperations)of473 million, down 10 percent from the prior-year quarter Net income (including discontinued operations) of 26 million, or 0.51perdilutedshareIncomefromcontinuingoperationsof0.51 per diluted share Income from continuing operations of 28 million, or 0.54perdilutedshareAdjustedincomefromcontinuingoperationsexcludingintangiblesamortizationexpenseof0.54 per diluted share Adjusted income from continuing operations excluding intangibles amortization expense of 23 million, or 0.45perdilutedshareAdjustedEBITDAof0.45 per diluted share Adjusted EBITDA of 70 million Cash flows provided by operating activities of 201million;ongoingfreecashflow2of201 million; ongoing free cash flow2 of 66 million o WILMINGTON, De ...