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Ashland ASH Specialty Additives — Depreciation

Other segment segments

Personal Care And Household
$7M0.0%
Intermediates And Solvents
$1M-66.7%
Unallocated And Other
$1M

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Other financials

Income statement

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Revenue$497.0M+7.3%
Gross profit$170.0M+28.8%
Operating income$43.0M+106%
Net income$16.0M+102%
EPS (diluted)$0.35+102%

Balance sheet

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Cash & equivalents$440.0M+113%
Total debt$1.5B-0.6%
Total equity$1.9B-1.0%
Total assets$4.6B-0.9%

Cash flow

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Operating cash flow$120.0M+4.3%
CapEx$20.0M0.0%
Free cash flow$100.0M+5.3%

Valuation

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Market cap$3.32B+40.6%
Enterprise value$4.35B+19.7%
P/E165.9×
P/S1.8×+0.5×

Profitability

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Gross margin31.5%+1.4pp
Operating margin4.1%
Net margin1.1%+0.5pp
FCF margin13.6%+9.7pp

Returns & leverage

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Return on equity1.1%+0.5pp
Debt / equity0.8×0.0×
Current ratio+0.4×

Where this comes from

Reported directly by Ashland in its filing.

Tagged under the XBRL concept us-gaap:Depreciation.

The source filing: Ashland’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 5:17 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-324226
(In millions - unaudited)Three months ended / June 30 / 2026Three months ended / June 30 / 2025Nine months ended / June 30 / 2026Nine months ended / June 30 / 2025
Depreciation expense
Life Sciences(d)$10$17$29$48
Personal Care(e)772123
Specialty Additives(e)13344060
Intermediates1349
Total operating segments316194140
Unallocated and other(f)11
$32$61$95$140

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Ashland's specialty additives — depreciation?
Ashland (ASH) reported specialty additives — depreciation of $13M in Q2 2026.
How has Ashland's specialty additives — depreciation changed year-over-year?
Ashland's specialty additives — depreciation decreased by 61.8% year-over-year, from $34M to $13M.
What is the long-term trend for Ashland's specialty additives — depreciation?
Over 4 years (2021 to 2025), Ashland's specialty additives — depreciation has grown at a 4.0% compound annual growth rate (CAGR), from $65M to $76M.
What does specialty additives — depreciation mean?
This represents the systematic allocation of the cost of tangible assets over their useful lives within the specialty additives segment. It reflects the wear and tear or obsolescence of manufacturing equipment and facilities used to produce specialty materials. Monitoring this helps investors understand the capital intensity and asset replacement requirements of the segment.

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