Ashland (ASH) sees third quarter sales below consensus

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Go back to Ashland (ASH) sees third quarter sales below consensus

Ashland provides update on projected fiscal 2023 third-quarter earnings and financial outlook for fiscal year 2023; announces new $1 billion evergreen share repurchase authorization

June 28, 2023 5:00 PM EDT

WILMINGTON, Del., June 28, 2023 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) today provided an update for preliminary fiscal 2023 third-quarter financial results1 and its outlook for fiscal year 2023 results. The global additives and specialty ingredients company holds leadership positions in high-quality, consumer-focused markets including pharmaceuticals, personal care and architectural coatings.

Preliminary projected fiscal 2023 third-quarter financial results
Ashlands projected financial results for the third quarter reflect the following:

The continuation and intensification of customer de-stocking across many of the companys end markets with continued uncertainty about when the... More