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Last $100.82 USD
Change Today -1.67 / -1.63%
Volume 922.1K
ASH On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

ashland inc (ASH) Snapshot

Open
$101.21
Previous Close
$102.49
Day High
$101.59
Day Low
$100.03
52 Week High
05/11/15 - $132.38
52 Week Low
10/15/14 - $95.21
Market Cap
6.8B
Average Volume 10 Days
709.9K
EPS TTM
$4.83
Shares Outstanding
67.6M
EX-Date
08/19/15
P/E TM
20.9x
Dividend
$1.56
Dividend Yield
1.45%
Current Stock Chart for ASHLAND INC (ASH)

ashland inc (ASH) Related Businessweek News

No Related Businessweek News Found

ashland inc (ASH) Details

Ashland Inc. operates as a specialty chemicals company worldwide. The company’s Specialty Ingredients segment provides products, technologies, and resources for solving formulation and product-performance challenges. It offers solutions using natural, synthetic, and semisynthetic polymers derived from plant and seed extract, cellulose ethers, and vinyl pyrrolidones, as well as acrylic and polyurethane-based adhesives for consumer and industrial applications. This segment serves pharmaceutical companies; makers of personal and home care products, food, and beverages; manufacturers of paint, coatings, and construction materials; packaging and converting markets; and oilfield service companies. Its Performance Materials offers composites, intermediates and solvents, and elastomers, including polyester and vinyl ester resins, as well as gelcoats, maleic anhydride, butanediol, tetrahydrofuran, n-methylpyrolidone, emulsion styrene butadiene rubber, and other intermediates and solvents. This segment serves manufacturers of residential and commercial building products; infrastructure engineers; wind blade and pipe manufacturers; auto, truck, and tire makers; boat builders; adhesives, engineered plastics, and electronic producers; and specialty chemical manufacturers. The company’s Valvoline segment produces and distributes automotive, commercial, and industrial lubricants, automotive chemicals, and car-care products. It also markets lubricants and automotive chemicals under the Valvoline brand name; lubricants for higher-mileage engines under the MaxLife brand name; motor oil under the NextGen brand name; synthetic motor oil under the SynPower brand name; automotive appearance products under the Car Brite brand name; and antifreeze products under the Zerex brand name. In addition, this segment operates and franchises approximately 920 Valvoline Instant Oil Change centers in the United States. The company was formerly known as Ashland Oil Inc and changed its name to Ashland Inc. in 1995. The company was founded in 1924 and is headquartered in Covington, Kentucky.

10,000 Employees
Last Reported Date: 07/30/15
Founded in 1924

ashland inc (ASH) Top Compensated Officers

Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $421.2K
Senior Vice President and President of Ashlan...
Total Annual Compensation: $516.5K
Senior Vice President and President of Chemic...
Total Annual Compensation: $456.5K
Senior Vice President and President of Valvol...
Total Annual Compensation: $388.5K
Chief Compliance Officer, Senior Vice Preside...
Total Annual Compensation: $481.7K
Compensation as of Fiscal Year 2014.

ashland inc (ASH) Key Developments

Ashland Inc. Plans to Construct New $35 Million Office Building

Ashland Inc. is planning to construct a new $35 million office building on its Lexington campus. The company will house employees of its Valvoline unit in the 145,000-square-foot building that will be constructed on its existing Palumbo Drive campus along with other employees who work in supporting functions in Lexington. It currently leases two office buildings there that were developed in the early 1980s.

Ashland Mulls Acquisitions

Ashland Inc. (NYSE:ASH) is seeking acquisitions. Luis Fernandez-Moreno, Senior Vice President of Ashland, said, “we believe that while there are many attractive acquisition targets which fit our core criteria, the multiples are high in the market today.”

Ashland Inc. Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year 2015

Ashland Inc. reported consolidated unaudited earnings results for the third quarter and nine months ended June 30, 2015. For the quarter, the company reported operating income of $196 million against $143 million a year ago. Sales were $1,367 million against $1,605 million a year ago. Income from continuing operations before income taxes was $142 million against $99 million a year ago. Income from continuing operations was $115 million against $71 million a year ago. Net income was $107 million against $99 million a year ago. Diluted net earnings per share were $1.56 against $1.25 a year ago. Diluted net earnings from continuing operations per share were $1.68 against $0.90 a year ago. Total cash used by operating activities from continuing operations was $255 million against total cash provided by operating activities from continuing operations of $211 million a year ago. Additions to property, plant and equipment were $61 million against $56 million a year ago. EBITDA was $271 million against $257 million a year ago. Adjusted EBITDA was $290 million against $298 million a year ago. Adjusted EPS from continuing operations was $1.91 against $1.63 a year ago. Sales were negatively affected by macroeconomic factors including foreign exchange rates and reduced demand in the North American energy market. In addition, Ashland's strategic decision to divest non-core product lines also negatively affected sales. These factors reduced sales by a total of approximately $200 million. Adjusted operating income was $207 million against $212 million a year ago. Net income was up 8% from the same time last year because of fewer expenses. For the nine months, the company reported operating income of $559 million against $222 million a year ago. Sales were $4,107 million against $4,583 million a year ago. Income from continuing operations before income taxes was $305 million against $101 million a year ago. Income from continuing operations was $250 million against $98 million a year ago. Net income was $363 million against $165 million a year ago. Diluted net earnings per share were $5.24 against $2.09 a year ago. Diluted net earnings from continuing operations per share were $3.61 against $1.24 a year ago. Total cash used by operating activities from continuing operations was $159 million against total cash provided by operating activities from continuing operations of $404 million a year ago. Additions to property, plant and equipment were $147 million against $152 million a year ago. The company now expects the full fiscal year 2015 tax rate to be in the range of 23% to 25%. Corporate income is expected to be $25 million to $30 million for the full year, in line with previous expectations. The company now expects capital expenditures for the full year to be approximately $265 million to $275 million, down roughly $20 million from prior expectations. This is primarily due to actual project costs coming in below original estimates. The company's full-year expectation for free cash flow remains $225 million to $250 million.

 

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Industry Analysis

ASH

Industry Average

Valuation ASH Industry Range
Price/Earnings 32.3x
Price/Sales 1.2x
Price/Book 2.2x
Price/Cash Flow 16.1x
TEV/Sales 0.4x
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