Ashland Reveals Executive Organization Changes To Its Personal Care And Specialty Additives Businesses

4/3/24 5:02:32 PM ET

Specialty Chemicals

Consumer Discretionary

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Jim Minicucci, senior vice president strategy, mergers and acquisitions, and portfolio management, Ashland, becomes senior vice president and general manager, personal care, Ashland. Effective April 15, 2024, Dago Caceres, will become vice president and general manager, specialty additives, Ashland. The company will announce the new leader for strategy, mergers and acquisitions, and portfolio management soon.

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Recent Analyst Ratings for
$ASH

Date	Price Target	Rating	Analyst
8/8/2024	$90.00 → $89.00	Underweight → Neutral	JP Morgan
4/11/2024	$100.00 → $112.00	Equal Weight → Overweight	Wells Fargo
3/14/2024	$100.00 → $126.00	Hold → Buy	Jefferies
3/1/2024	$108.00	Outperform	Wolfe Research
6/29/2023		Outperform → In-line	Evercore ISI
6/26/2023	$109.00 → $90.00	Outperform → Market Perform	BMO Capital Markets
2/2/2023	$104.00 → $105.00	Neutral → Underweight	JP Morgan
9/12/2022	$120.00	Outperform	Credit Suisse

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Ashland board authorizes quarterly dividend
WILMINGTON, Del., Nov. 14, 2024 (GLOBE NEWSWIRE) -- The board of directors of Ashland Inc. (NYSE:ASH) has declared a quarterly cash dividend of $0.405 cents per share on the company's common stock. The dividend is payable on December 15, 2024, to stockholders of record at the close of business on December 1, 2024. As of October 31, 2024, there were 47,109,326 shares of Ashland common stock outstanding. About Ashland Ashland Inc. (NYSE:ASH) is a global additives and specialty ingredients company with a conscious and proactive mindset for environmental, social and governance (ESG). The company serves customers in a wide range of consumer and industrial markets, including architectural coa
11/14/24 7:00:00 AM ET
$ASH
Specialty Chemicals
Consumer Discretionary
Ashland to host live 2024 strategy update event for analysts and investors
WILMINGTON, Del., Nov. 08, 2024 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE:ASH) will host a strategy update event for analysts and investors on Tuesday, December 10, 2024, in New York City. The company will provide an in-depth review of Ashland's strategic priorities, key initiatives and financial objectives while emphasizing a proactive approach to market uncertainty in fiscal year 2025. The event will include presentations and prepared remarks from members of Ashland's executive team, as well as breakout sessions for in-person attendees. There will be an opportunity for both live and webcast attendees to ask questions during moderated Q&A sessions. Participants include: Guillermo Novo, ch
11/8/24 7:00:00 AM ET
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Specialty Chemicals
Consumer Discretionary
Ashland reports financial results for fourth-quarter fiscal 20241, issues outlook for full-year fiscal 2025, provides portfolio optimization update and announces strategy update event
Financial results for fourth-quarter fiscal 20241 Sales of $522 million, up one percent from the prior-year quarterSold nutraceuticals business to Turnspire Capital Partners LLCPreviously announced carboxymethylcellulose (CMC), methylcellulose (MC) and nutraceuticals portfolio optimization initiatives reduced overall sales by approximately $24 million or five percent versus the prior-year quarterIncome from continuing operations of $19 million, or $0.39 per diluted shareAdjusted income from continuing operations excluding intangibles amortization expense of $61 million, or $1.26 per diluted shareAdjusted EBITDA of $124 million, up 68 percent from the prior-year quarterAdjusted EBITDA below
11/6/24 5:00:00 PM ET
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Turnspire Capital Partners Completes Acquisition of Pharmachem from Ashland
Turnspire Capital Partners LLC ("Turnspire") announced today that an affiliate has completed the acquisition of Pharmachem Innovations, LLC ("Pharmachem" or the "Company"), the former nutraceuticals business of Ashland Inc. (NYSE:ASH). Additionally, Turnspire Operating Partner Maurice Murphy has been appointed Executive Chairman, and Jeff Rogers has been appointed Interim Chief Executive Officer of Pharmachem. Pharmachem is a leading provider of proprietary nutrition ingredients and custom formulation services that supplies a broad portfolio of both active ingredients and formulation aids to nutritional product companies. The Company also offers custom formulation and contract manufactu
9/3/24 7:00:00 AM ET
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Specialty Chemicals
Consumer Discretionary
Pharmachem Innovations Launches as a Leading Independent Provider of Nutraceuticals Products and Solutions
Pharmachem Innovations, LLC ("Pharmachem" or the "Company"), a leading provider of nutraceuticals products and solutions, today announced its launch as an independent company, following the acquisition of the Company from Ashland, Inc. (NYSE:ASH) by Turnspire Capital Partners LLC ("Turnspire"). Headquartered in Kearny, NJ, Pharmachem has a long history of working closely with customers around the world to develop and produce a wide range of specialized nutraceuticals. From its manufacturing facilities in New Jersey and Utah in the United States and Tamaulipas, Mexico, Pharmachem produces a wide range of proprietary and private labeled products used in many applications, including hydratio
9/3/24 7:00:00 AM ET
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Specialty Chemicals
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Ashland Board appoints Ashish K. Kulkarni as new director
WILMINGTON, Del., May 08, 2024 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE:ASH) is announcing the appointment of Ashish K. Kulkarni to its Board of Directors. Kulkarni is the CEO of Kebotix, a startup company focused on commercializing artificial intelligence methods into new material commercialization. He is the former executive vice president and chief innovation officer, GAF, former chief technology and innovation officer, Avantor and former chief technology and innovation officer, Celanese Corporation. He will serve on the Board's Environmental, Health, Safety and Quality, and Compensation Committees, effective May 6, 2024. Prior to Celanese, Kulkarni held leadership positions at United Te
5/8/24 5:01:00 PM ET
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Ashland board authorizes quarterly dividend
WILMINGTON, Del., Nov. 14, 2024 (GLOBE NEWSWIRE) -- The board of directors of Ashland Inc. (NYSE:ASH) has declared a quarterly cash dividend of $0.405 cents per share on the company's common stock. The dividend is payable on December 15, 2024, to stockholders of record at the close of business on December 1, 2024. As of October 31, 2024, there were 47,109,326 shares of Ashland common stock outstanding. About Ashland Ashland Inc. (NYSE:ASH) is a global additives and specialty ingredients company with a conscious and proactive mindset for environmental, social and governance (ESG). The company serves customers in a wide range of consumer and industrial markets, including architectural coa
11/14/24 7:00:00 AM ET
$ASH
Specialty Chemicals
Consumer Discretionary
Ashland reports financial results for fourth-quarter fiscal 20241, issues outlook for full-year fiscal 2025, provides portfolio optimization update and announces strategy update event
Financial results for fourth-quarter fiscal 20241 Sales of $522 million, up one percent from the prior-year quarterSold nutraceuticals business to Turnspire Capital Partners LLCPreviously announced carboxymethylcellulose (CMC), methylcellulose (MC) and nutraceuticals portfolio optimization initiatives reduced overall sales by approximately $24 million or five percent versus the prior-year quarterIncome from continuing operations of $19 million, or $0.39 per diluted shareAdjusted income from continuing operations excluding intangibles amortization expense of $61 million, or $1.26 per diluted shareAdjusted EBITDA of $124 million, up 68 percent from the prior-year quarterAdjusted EBITDA below
11/6/24 5:00:00 PM ET
$ASH
Specialty Chemicals
Consumer Discretionary
Ashland sets date for fourth-quarter fiscal 2024 earnings release and conference call webcast
WILMINGTON, Del., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE:ASH) today announced plans to issue its fourth-quarter fiscal 2024 earnings release at approximately 5 p.m. ET on Wednesday, November 6, 2024. The company's live webcast with securities analysts will include an executive summary and detailed remarks. The live webcast will take place at 9 a.m. ET on Thursday, November 7. Simultaneously, the company will post a slide presentation in the Investor Relations section of its website at http://investor.ashland.com. Among those participating in the webcast presentation will be: Guillermo Novo, chair, and chief executive officerKevin Willis, senior vice president and chief fin
10/28/24 5:00:00 PM ET
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Specialty Chemicals
Consumer Discretionary

Ashland Reveals Executive Organization Changes To Its Personal Care And Specialty Additives Businesses

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Recent Analyst Ratings for $ASH

$ASH Press Releases

Fastest customizable press release news feed in the world

Ashland board authorizes quarterly dividend

Ashland to host live 2024 strategy update event for analysts and investors

Ashland reports financial results for fourth-quarter fiscal 20241, issues outlook for full-year fiscal 2025, provides portfolio optimization update and announces strategy update event

$ASH Leadership Updates

Live Leadership Updates

Turnspire Capital Partners Completes Acquisition of Pharmachem from Ashland

Pharmachem Innovations Launches as a Leading Independent Provider of Nutraceuticals Products and Solutions

Ashland Board appoints Ashish K. Kulkarni as new director

$ASH SEC Filings

SEC Form 10-K filed by Ashland Inc.

Ashland Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

Ashland Inc. filed SEC Form 8-K: Leadership Update

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BMO Capital Maintains Market Perform on Ashland, Raises Price Target to $105

Ashland Signs Definitive Deal To Sell Nutraceuticals Business To Turnspire Capital Partners; No Terms Disclosed

JP Morgan Maintains Underweight on Ashland, Raises Price Target to $90

SVP, Gen Counsel and Secrty. Lampkin Robin E. sold $12,237 worth of shares (162 units at $75.54), exercised 418 shares at a strike of $76.39 and covered exercise/tax liability with 125 shares, increasing direct ownership by 4% to 3,354 units (SEC Form 4)

Senior VP Operations Bostaph Karl R. exercised 418 shares at a strike of $76.39 and covered exercise/tax liability with 153 shares, increasing direct ownership by 4% to 7,012 units (SEC Form 4)

SVP and CTO Musa Osama M exercised 1,878 shares at a strike of $76.39 and covered exercise/tax liability with 679 shares, increasing direct ownership by 5% to 26,609 units (SEC Form 4)

$ASH Large Ownership Changes

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SEC Form SC 13G filed by Ashland Inc.

Amendment: SEC Form SC 13G/A filed by Ashland Inc.

SEC Form SC 13D/A filed by Ashland Inc. (Amendment)

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Ashland upgraded by JP Morgan with a new price target

Ashland upgraded by Wells Fargo with a new price target

Ashland upgraded by Jefferies with a new price target

$ASH Financials

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Ashland board authorizes quarterly dividend

Ashland reports financial results for fourth-quarter fiscal 20241, issues outlook for full-year fiscal 2025, provides portfolio optimization update and announces strategy update event

Ashland sets date for fourth-quarter fiscal 2024 earnings release and conference call webcast

Recent Analyst Ratings for
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$ASH
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Leadership Updates

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SEC Filings

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Large Ownership Changes

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