NYSE$ASH

Ashland Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Ashland's financial performance was impacted by market weakness and the business loss from the previous year.

Ashland reported sales of $533 million, a 7% decrease compared to the prior-year quarter. Net income was $32 million, and adjusted EBITDA was $88 million. The company faced challenges due to weaker demand in consumer and industrial end markets, as well as the impact of a prior-year business loss.

  • Sales decreased by 7% to $533 million due to weaker demand in consumer and industrial markets.
  • Net income was $32 million, compared to a loss of $48 million in the prior-year quarter.
  • Adjusted income from continuing operations was $8 million, down from $9 million in the prior-year quarter.
  • Adjusted EBITDA was $88 million, down from $100 million in the prior-year quarter.

Headline financials

Total Revenue

$533M

Previous: $576M-7.5%
EPS (adj)

$0.13

Previous: $0.14-7.1%
Capital Expenditures

-$29M

Previous: -$33M+12.1%
Free Cash Flow

$3M

Previous: -$81M+103.7%
Net Income

$32M

Previous: -$48M+166.7%
Operating Income

$17M

Previous: -$7M+342.9%
Gross Profit

$153M

Previous: $152M+0.7%
Cash & Equivalents

$157M

Previous: $149M+5.4%
Total Assets

$7.33B

Previous: $7.94B-7.8%
Stock-Based Comp

$4M

Previous: $7M-42.9%

Revenue & EPS history

Ashland · Revenue · Quarterly

$533M

Q1 2020-7.5%vs Q1 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Ashland · $530M total across 4 segments · Q4 2023

  • Life Sciences
    $203M-4.7%
  • Personal Care
    $146M-22.3%
  • Specialty Additives
    $144M-23.0%
  • Intermediates
    $37M-42.2%

Forward guidance

Chairman and CEO Guillermo Novo will provide commentary on the outlook for Ashland during the conference call with securities analysts on Tuesday, January 28, 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.4%

Avg return

Earnings day

-0.7%

Avg return

5 days after

+0.8%

Avg return

30 days after

45%

29 / 64 earnings

Positive

+15.9%

Q1 2024

Best reaction

-10.2%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+8.4%+6.3%+17.7%
Q1 2026-0.8%+4.2%-6.8%
Q4 2025-1.0%-1.3%+15.5%
Q2 2025-9.9%-11.5%-9.0%
Q1 2025-9.8%-14.4%-14.5%
Q4 2024-5.0%-7.3%-11.2%
Q3 2024-3.2%-6.5%-7.4%
Q2 2024-2.6%-1.2%+2.7%
Q1 2024+15.9%+13.4%+15.9%
Q4 2023-4.8%+0.8%+7.3%
Q3 2023+0.1%+1.3%-6.9%
Q2 2023-10.2%-9.5%-15.0%
Q1 2023+1.5%-1.4%-3.8%
Q4 2022+7.9%+8.0%+11.9%
Q3 2022-2.5%-4.3%+1.5%
Q2 2022+4.7%+3.5%+4.3%
Q1 2022+1.2%-0.8%-5.9%
Q4 2021+1.4%+7.4%+5.3%
Q3 2021-3.9%-3.1%-2.3%
Q2 2021-7.0%-7.3%+1.2%
Q1 2021+1.3%+2.3%+3.0%
Q4 2020-2.4%+3.9%-2.5%
Q3 2020-2.5%-5.2%-5.1%
Q2 2020-0.1%+5.3%+20.8%
Q1 2020+1.1%-1.8%+0.8%
Q4 2019-3.8%-8.6%-3.8%
Q3 2019+0.0%-3.5%-8.7%
Q2 2019-5.4%-4.9%-5.0%
Q1 2019+2.7%+2.0%+1.8%
Q4 2018+9.0%+8.5%+2.6%
Q3 2018+2.5%+3.9%+2.6%
Q2 2018+7.7%+10.6%+17.4%
Q1 2018+0.3%+2.0%-2.2%
Q4 2017-3.6%-3.9%+2.5%
Q3 2017-2.4%-2.3%-4.5%
Q2 2017-1.4%-2.5%+7.6%
Q1 2017+2.1%+2.2%+4.6%
Q4 2016-4.1%-5.3%+1.3%
Q3 2016-6.4%-6.7%-4.3%
Q2 2016-0.7%
Q1 2016-1.9%
Q4 2015-0.1%
Q3 2015-3.2%
Q2 2015-1.4%
Q1 2015+1.3%
Q4 2014+2.9%
Q3 2014-5.1%
Q2 2014+4.5%
Q1 2014-1.0%
Q4 2013-5.8%
Q3 2013+0.4%
Q2 2013-0.1%
Q1 2013+6.9%
Q4 2012+0.4%
Q3 2012-0.4%
Q2 2012+1.5%
Q1 2012+1.3%
Q4 2011-4.8%
Q3 2011+4.0%
Q2 2011+0.8%
Q1 2010+3.1%
Q4 2010-1.2%
Q3 2010-5.7%
Q2 2010+2.8%

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