Ashland reports strong financial results1 for third quarter of fiscal year 2022 consistent with previous update
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Ashland (ASH) Tops Q3 EPS by 33c, Offers Guidance
July 26, 2022 5:01 PM EDTAshland (NYSE: ASH) reported Q3 EPS of $1.89, $0.33 better than the analyst estimate of $1.56. Revenue for the quarter came in at $644 million versus the consensus estimate of $608.24 million.
GUIDANCE:
Ashland sees FY2022 revenue of $2.35-2.4 billion, versus the consensus of $2.37 billion.
As communicated in the earnings update issued on July 18, Ashland now expects greater sales and Adjusted EBITDA in fiscal year 2022 compared to its previous outlook. For the full fiscal year, the company now expects sales in the range of $2.35 billion to $2.40... More