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.
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.
Visualization of income flow from segment revenue to net income