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Ashland ASH Q2 2024 earnings

Reported April 30, 2024 · After market close

Revenue$575.0MBeat by $358.3K
EPS$1.27Beat by $0.13
Revenue estimate$574.6M
EPS estimate$1.14

Next report

Date not yet announced

Financials

Q2 2024

Income statement

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Revenue$575.0M-4.6%
Gross profit$161.0M-18.3%
Operating income$21.0M-74.7%
Net income$120.0M+31.9%
EPS (diluted)$2.39+43.1%

Balance sheet

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Cash & equivalents$439.0M+10.0%
Total debt$1.5B-0.4%
Total equity$3.1B-4.1%
Total assets$5.9B-3.8%

Cash flow

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Operating cash flow$54.0M-3.6%
CapEx$34.0M-2.9%
Free cash flow$20.0M-4.8%

Valuation & ratios

Valuation

as of 03/31/24
See full
Market cap$4.88B-12.5%
Enterprise value$5.89B-11.2%
P/E24.9×0.0×
P/S2.3×0.0×

Profitability

See full
Gross margin26.8%-7.0pp
Operating margin3.1%-10.1pp
Net margin9.3%0.0pp
FCF margin16.1%+13.8pp

Returns & leverage

See full
Return on equity6.1%-0.6pp
Debt / equity0.5×0.0×
Current ratio3.2×-0.3×

Segments

By segment

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Life Sciences$222.0M-7.5%
Personal Care And Household$169.0M+1.2%
Specialty Additives$157.0M-2.5%
Intermediates And Solvents$40.0M-21.6%

By geography

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Europe$210.0M-6.3%
North America$191.0M-3.0%
Asia Pacific$134.0M-0.7%
Latin America And Other$53.0M-15.9%

Versus estimates

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Questions, answered.

When did Ashland report Q2 2024 earnings?
Ashland (ASH) reported Q2 2024 earnings on April 30, 2024 after market close.
What were Ashland's Q2 2024 revenue and EPS?
Ashland reported revenue of $575.0M and eps of $1.27 for Q2 2024.
Did Ashland beat estimates in Q2 2024?
Revenue beat the consensus estimate of $574.6M by $358.3K. EPS beat the consensus estimate of $1.14 by $0.13.
Where can I find Ashland's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0000950170-24-051148) directly on SEC EDGAR. The filing index links above go to sec.gov.