Ashland Net Income Declines on Charges

Ashland reported net income of $61 million for its fiscal first quarter ended December 31, down 38% from the same year-ago quarter. Results include $53 million in pretax charges for inventory adjustments related to its acquisition of International Specialty Products (ISP) as well as severance costs. Adjusted earnings from continuing operations excluding significant items was $1.20/share, up 30% from the year-ago quarter, Ashland says. Sales increased 6%, to $1.93 billion....

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers