NYSE$ASH
Ashland Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Ashland's first quarter of fiscal year 2023 financial results were reported.
Ashland reported sales of $525 million, a 3% increase year-over-year. Net income was $40 million, and income from continuing operations was $42 million, or $0.76 per diluted share. Adjusted EBITDA was $108 million, up 2% from the prior year.
- Sales increased by 3% to $525 million compared to the prior-year quarter.
- Net income was $40 million, while income from continuing operations reached $42 million, or $0.76 per diluted share.
- Adjusted income from continuing operations, excluding intangibles amortization expense, was $54 million, or $0.97 per diluted share.
- Adjusted EBITDA increased by 2% to $108 million from $106 million in the prior-year quarter.
Headline financials
Revenue & EPS history
Ashland · Revenue · Quarterly
$525M
Revenue by segment
Ashland · $542M total across 4 segments · Q1 2023
- Life Sciences$207M+21.8%38.2%
- Specialty Additives$143M-8.3%26.4%
- Personal Care$138M-6.1%25.5%
- Intermediates$54M+1.9%10.0%
Forward guidance
Ashland continues to expect sales in the range of $2.5 billion to $2.7 billion for fiscal year 2023. In addition, the company continues to expect Adjusted EBITDA to be within the prior outlook range of $600 million to $650 million, with the current forecast models indicating earnings below the mid-point of that range.
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 2023
-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
| Quarter | Report date | Reaction (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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