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Ashland ASH Q3 2024 earnings

Reported August 6, 2024 · After market close

Revenue$544.0MMiss by $30.7M
EPS$1.49Beat by $0.02
Revenue estimate$574.7M
EPS estimate$1.47

Next report

Date not yet announced

Financials

Q3 2024

Income statement

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Revenue$544.0M-0.4%
Gross profit$186.0M+4.5%
Operating income-$61.0M-198%
Net income$6.0M-88.0%
EPS (diluted)$0.12-87.2%

Balance sheet

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Cash & equivalents$399.0M+14.3%
Total debt$1.4B-0.8%
Total equity$3.0B-5.8%
Total assets$5.7B-4.7%

Cash flow

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Operating cash flow$127.0M-6.6%
CapEx$29.0M-32.6%
Free cash flow$98.0M+5.4%

Valuation & ratios

Valuation

as of 06/30/24
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Market cap$4.74B+4.1%
Enterprise value$5.78B+2.2%
P/E31.2×+12.0×
P/S2.2×+0.3×

Profitability

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Gross margin27.2%-5.4pp
Operating margin-2.8%-15.9pp
Net margin7.2%-3.1pp
FCF margin16.4%+7.9pp

Returns & leverage

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Return on equity5%-2.4pp
Debt / equity0.5×0.0×
Current ratio-0.5×

Segments

By segment

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Life Sciences$195.0M-11.0%
Personal Care And Household$175.0M+19.9%
Specialty Additives$150.0M-1.3%
Intermediates And Solvents$36.0M-16.3%

By geography

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Europe$192.0M+1.1%
North America$180.0M-1.1%
Asia Pacific$137.0M+3.0%
Latin America And Other$47.0M-14.5%

Versus estimates

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Questions, answered.

When did Ashland report Q3 2024 earnings?
Ashland (ASH) reported Q3 2024 earnings on August 6, 2024 after market close.
What were Ashland's Q3 2024 revenue and EPS?
Ashland reported revenue of $544.0M and eps of $1.49 for Q3 2024.
Did Ashland beat estimates in Q3 2024?
Revenue missed the consensus estimate of $574.7M by $30.7M. EPS beat the consensus estimate of $1.47 by $0.02.
Where can I find Ashland's Q3 2024 SEC filings?
You can read the 10-Q periodic report (0000950170-24-092587) directly on SEC EDGAR. The filing index links above go to sec.gov.