Ashland beats estimates, confirms water treatment sale
12:13 PM MST | November 5, 2013
Ashland today reported fiscal fourth-quarter net income from continuing operations of $404 million, or $5.13/share, compared with a $272 million net loss in the year-ago quarter. One-time gains, particularly an actuarial gain on pensions, added $283 million, or $3.59/share, to fourth-quarter results. Excluding these gains, adjusted earnings totaled $1.54/share, beating analystsâ€™ consensus estimate of $1.50/share, as reported by Thomson Reuters. Sales declined 7% year-on-year (YOY), to $1.9 billion. Ashlandâ€™s fiscal fourth-quarter ended on 30 September...
Access is for Chemweek 24/7 PLUS Members ONLY
This information is only available to Chemweek 24/7 PLUS members who have subscribed to Chemweek’s Business Daily. If you are a member, please log in, OR if you have a trial membership, please use your trial membership account information.
Forgot your user ID or password? Click here to have it sent to you.