Ashland Inc.

ASH

$73.20

-1.37%

2026-09-03 16:00:03 EDT-$1.02

Basic Materials

Chemicals - Specialty

NYSE

Active Trading

Ashland Inc. operates as a global supplier of specialized chemicals and additives. Its business activities are structured into four main divisions: Life ...

Price Action of ASH

$73.20

-1.37%-$1.02

High—

Low—

52W High-5.9%

Rel. vol—

Interval

Range6.1h

Volume—SMA5SMA10

—

Ashland Inc. (NYSE: ASH) is a leading global supplier of specialized chemicals and additives, with a rich history dating back to 1924 when it was founded as Ashland Refining Company in Catlettsburg, Kentucky, by Paul G. Blazer. The company has evolved from an oil refinery into a diversified specialty chemicals ...Ashland Inc. (NYSE: ASH) is a leading global supplier of specialized chemicals and additives, with a rich history dating back to 1924 when it was founded as Ashland Refining Company in Catlettsburg, Kentucky, by Paul G. Blazer. The company has evolved from an oil refinery into a diversified specialty chemicals firm, headquartered in Wilmington, Delaware. Operating through four main divisions—Life Sciences; Personal Care & Household; Specialty Additives; and Intermediates and Solvents—Ashland serves a wide range of consumer and industrial markets, including architectural coatings, construction, energy, food and beverage, nutraceuticals, personal care, and pharmaceuticals. The Life Sciences division offers pharmaceutical excipients, controlled-release polymers, tablet coatings, and nutritional ingredients, while the Personal Care & Household segment produces biodegradable, natural ingredients for personal care products and household cleaning solutions. The Specialty Additives segment supplies rheology modifiers, foam control agents, and advanced ceramic materials for applications like catalytic converters and solar cells. The Intermediates and Solvents division manufactures 1,4-butanediol and n-methylpyrrolidone. Ashland has approximately 2,900 employees globally and reported a market capitalization of around $3.5 billion as of the latest data. The company generates revenue from diverse product lines, with a gross profit margin of 29.4% and an EBITDA margin of 19.4%. Financially, Ashland maintains a moderate debt level with a debt-to-equity ratio of 0.789 and a current ratio of 3.047, indicating solid liquidity. Under the leadership of CEO Guillermo Novo, who joined the board in 2019 and became CEO in December 2019, Ashland emphasizes innovation, sustainability, and customer-centric solutions. The company is committed to ESG principles, aiming to create value for stakeholders while reducing environmental impact. With a focus on high-growth markets and strategic investments in R&D, Ashland is well-positioned for future growth.ExpandCollapse

Founded

1924

Employees

2900

CEO

Guillermo Novo

Full Name

Ashland Inc.

Sector

Basic Materials

Industry

Chemicals - Specialty

ROE

2.77%

Market Cap

$3.35B

Current Ratio

3.05

WACC

5.49%

ROIC

3.41%

Contact Information

https://www.ashland.com

302 995 3000

8145 Blazer Drive, Wilmington, DE 19808

Key Metrics of ASH

Snapshot

Latest / TTM · 6 periods

Market Cap

$3.35B

ROCE

3.2%

EV / EBITDA

11.25x

+21.8% YoY

FCF Yield

9.6%

+9.8% YoY

Cash Conversion Cycle

132.6d

Current Ratio

3.05

Quick take

TTM —

Positive CCC

Financial Highlights of ASH

Profitability trend

Latest / TTM · 6 periods

Gross Margin

29.4%

Net Margin

2.8%

P/E Ratio

64.21x

n/a

Debt / Equity

0.79

n/a

Current Ratio

3.05

Dividend Yield

2.3%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of ASH

Upcoming

Sep 15, 2026In 11 days
Dividend payment
$1.67 per share
Sep 30, 2026In 26 days
FY2026 · Estimated annual results
Est. EPS $3.53 · Revenue $1.86B · 6 analysts
Dec 30, 2026
Q1 FY2027 · Estimated results
Est. EPS $0.36 · Revenue $404.35M · 3 analysts
Mar 30, 2027
Q2 FY2027 · Estimated results
Est. EPS $1.20 · Revenue $504.88M · 1 analysts

Recent history

Sep 1, 2026
Ex-dividend date
$1.67 per share
Jul 29, 2026
Q3 FY2026 · Results reported
EPS $0.35 · Revenue $497.00M
View filing
Apr 29, 2026
Q2 FY2026 · Results reported
EPS $0.34 · Revenue $482.00M
View filing
Feb 3, 2026
Q1 FY2026 · Results reported
EPS $-0.26 · Revenue $386.00M
View filing
Nov 20, 2025
FY2025 · Annual results
EPS $-18.37 · Revenue $1.82B
View filing
Jul 30, 2025
Q3 FY2025 · Results reported
EPS $-16.13 · Revenue $463.00M
View filing

Financial Statements of ASH

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$1.8B	-13.7%	+3.1%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$-845.0M	-600.0%	0.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+30.1%	+2.9%	+2.3%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	-42.5%	-3353.1%	+2.0%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	-46.3%	-679.2%	-3.0%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$-4.0M	-101.5%	+325.0%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	-0.2%	-101.7%	+312.2%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	82.7%	+61.6%	-0.3%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	2.85x	+16.8%	-0.4%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$4.6B	-18.3%	+1.8%

Actual vs Estimate

A Sep 30Q Jun 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	-18.37 vs 3.55	-617.0%	0.35 vs 0.98	-64.5%
Revenue Surprise	$1.8B vs $1.8B	-0.2%	$497.0M vs $486.0M	+2.3%

Insider Transactions of ASH

Acquisitions (A)

Since Jul 27, 2026

Disposals (D)

Since Jul 27, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 11, 2026	LAMPKIN ROBIN E.	officer: SVP, GC & Secretary	Common Stock	A	1,806	$74.58
Aug 11, 2026	LAMPKIN ROBIN E.	officer: SVP, GC & Secretary	Common Stock	D	526	$74.58
Aug 11, 2026	LAMPKIN ROBIN E.	officer: SVP, GC & Secretary	Restricted Stock Unit	A	1,806	—
Jul 29, 2026	MUSA OSAMA M	officer: SVP and CTO	Common Stock	A	1,267	$57.96
Jul 29, 2026	MUSA OSAMA M	officer: SVP and CTO	Stock Appreciation Rights	D	9,793	$57.96

Earnings Call Transcript of ASH

1 transcript segments

Q3 2026

Unknown Speaker

Operator: Good day, and thank you for standing by. Welcome to the Ashland Third Quarter Conference Earnings Call. At this time, all participants are in a listen-only mode. To ask a question during the session, you will need to press *11 on your telephone. You will hear an automated message advising that your hand is raised. To withdraw your question, please press *11 again. Please be advised that today's conference call is being recorded. I would now like to hand the conference over to your first speaker today, Sandy Klugman, Director of Investor Relations. Sandy Klugman: Thank you, Sandy. Thank you. Hello, everyone, and welcome to Ashland's third quarter fiscal year 26 Earnings Conference Call and Webcast. My name is Sandy Klugman, and I am Ashland's Director of Investor Relations. Joining me on the call today are Guillermo Novo, Chairman and CEO; William Whittaker, CFO; as well as our business unit leaders. Alessandra Faccin, life sciences and Intermediates; James Minicucci, Personal Care; and Dago Caceres, Specialty Additives. Please note that we will be referencing slides during today's call. We encourage you to follow along with webcast materials available at ashland.com under Investor Relations. Please turn to Slide 2. As a reminder, today's presentation contains forward looking statements regarding our fiscal 26 outlook, and other matters as detailed on Slide 2, And in our Form 10 Q. These statements are subject to risks and uncertainties that could cause future results to differ materially from today's projections. We believe any such statements are based on reasonable assumptions, but there is no assurance these expectations will be achieved. We will also reference certain adjusted financial metrics. Both actual and projected, which are non GAAP measures. Present these adjusted figures to provide additional insight into our ongoing business performance. GAAP reconciliations are available on our website and in the appendix of these slides. Guillermo Novo: I will now hand the call over to Guillermo for his opening remarks. Thanks, Sandy, and welcome to everyone joining us. Please turn to slide 5. Overall, we delivered a strong third quarter that reflected strong demand, disciplined commercial execution and healthy free cash flow generation. James increased across all business units and our performance was in line with the expectations we outlined at the beginning of the quarter. These results reflect the team's strong execution and reinforce the momentum we are building across the businesses. Life Sciences delivered double digit sales growth, benefiting from broad contributions across pharma end markets and ongoing momentum within our Globalize and Innovate strategies. Pharma achieved its 5th consecutive quarter of volume growth supported by strength in high purity excipients, injectables, and innovation growth momentum. Personal care generated another quarter of solid performance. Led by biofunctionals actives, high single digits growth …

Leadership Team of ASH

10 executives

Name	Title	Compensation	Gender	Year Born	Status
Guillermo Novo	Chairman & Chief Executive Officer	USD 2,673,560	Male	1962	Active
Alessandra Faccin	Senior Vice President and GM of Life Sciences & Intermediates	USD 1,309,381	Female	1980	Active
Wayne Muil	Senior Vice President of Operations	USD 1,119,511	Male	—	Active
Osama Musa	Senior Vice President & Chief Technology Officer	USD 936,184	—	1968	Active
James Minicucci	Senior Vice President & GM of Personal Care	USD 829,662	Male	1982	Active
William C. Whitaker	Senior Vice President, Chief Financial Officer & Director of Investor Relations	USD 601,710	Male	1989	Active
Eileen Drury	Senior Vice President & Chief HR Officer	—	Female	1968	Active
Robin E. Lampkin	Senior Vice President, General Counsel & Secretary	—	Female	1963	Active
Carolmarie C. Brown	Vice President of Corporate Affairs, Global Marketing, Brand & Business Communications	—	—	—	Active
Samuel A. Richardson	VP, Controller & Principal Accounting Officer	—	Male	1979	Active

Recent News of ASH

Zacks Investment Research8/27/2026Neutral

Ashland (ASH) Up 2% Since Last Earnings Report: Can It Continue?

Ashland (ASH) reported earnings 30 days ago. What's next for the stock?

Zacks Investment Research8/25/2026Neutral

ASH Launches Permexa Sodium Caprate to Support Oral Biologics Growth

Ashland launches Permexa sodium caprate to support oral peptide and biologic development with enhanced processing and permeability.

Defense World8/25/2026Neutral

Deutsche Bank AG Buys Shares of 83,987 Ashland Inc. $ASH

Deutsche Bank AG purchased a new stake in Ashland Inc. (NYSE: ASH) in the undefined quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 83,987 shares of the basic materials company's stock, valued at approximately $5,534,000. Deutsche Bank AG owned 0.18% of Ashland

GlobeNewsWire8/24/2026Neutral

Ashland advances high-growth oral biologics delivery applications with launch of permexa™ sodium caprate

WILMINGTON, Del., Aug. 24, 2026 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH), is announcing the launch of permexa™ sodium caprate, a high-performance intestinal permeation enhancer designed to support the scalable development and commercialization of oral peptide, biologic and low-permeability drug products, including rapidly expanding GLP-1 agonists and related therapeutic pipelines.

Defense World8/18/2026Neutral

Bank of America Corp DE Sells 22,944 Shares of Ashland Inc. $ASH

Bank of America Corp DE cut its holdings in shares of Ashland Inc. (NYSE: ASH) by 4.9% during the undefined quarter, according to its most recent Form 13F filing with the SEC. The firm owned 445,596 shares of the basic materials company's stock after selling 22,944 shares during the period. Bank of America

Historical Employee Count of ASH

Current

2,900

Change

-9.38%

Minimum

2,900

Maximum

4,100

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Sep 30, 2025	2,900	10-K	Nov 20, 2025	View
Sep 30, 2024	3,200	10-K	Nov 18, 2024	View
Sep 30, 2023	3,800	10-K	Nov 17, 2023	View
Sep 30, 2022	3,900	10-K	Nov 21, 2022	View
Sep 30, 2021	4,100	10-K	Nov 22, 2021	View

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Ashland Inc.