NYSE$ASH

Ashland Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Ashland's financial results for Q4 2020 were announced, showing flat sales compared to the prior-year quarter but increased adjusted EBITDA and free cash flow.

Ashland reported flat sales of $609 million compared to the prior-year quarter. Net income was $5 million, or $0.07 per diluted share. Adjusted income from continuing operations excluding intangibles amortization expense was $76 million, or $1.25 per diluted share. Adjusted EBITDA was $154 million, and free cash flow was $116 million.

  • Sales were flat compared to the prior-year quarter at $609 million.
  • Net income was $5 million, or $0.07 per diluted share.
  • Adjusted income from continuing operations excluding intangibles amortization expense was $76 million, or $1.25 per diluted share.
  • Free cash flows totaled $116 million, driven by increased earnings and inventory reduction efforts.

Headline financials

Total Revenue

$609M

Previous: $609M+0.0%
EPS (adj)

$1.25

Previous: $0.77+62.3%
Capital Expenditures

$44M

Previous: $51M-13.7%
Free Cash Flow

$116M

No prior period
Net Income

$5M

Previous: $411M-98.8%
Operating Income

$15M

Previous: $85M-82.4%
Gross Profit

$161M

Previous: $209M-23.0%
Cash & Equivalents

$454M

Previous: $232M+95.7%
Total Assets

$6.88B

Previous: $7.25B-5.2%
Stock-Based Comp

$3M

Previous: $4M-25.0%

Revenue & EPS history

Ashland · Revenue · Quarterly

$609M

Q4 2020+0%vs Q4 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Ashland · $532M total across 4 segments · Q4 2020

  • Life Sciences
    $180M+2.3%
  • Personal Care
    $164M+5.1%
  • Specialty Additives
    $160M+0.0%
  • Intermediates
    $28M-33.3%

Forward guidance

I look forward to sharing additional thoughts on our plans and the progress we have made during the conference call with securities analysts tomorrow morning.

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 Q4 2020

Historical avgQ4 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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