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Dec 31, 2019
Ashland Q1 2020 Earnings Report
Ashland's financial performance was impacted by market weakness and the business loss from the previous year.
Key Takeaways
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.
Ashland
Ashland
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.