Ashland Global Holdings, Inc. ( (ASH) ) has released its Q2 earnings. Here is a breakdown of the information Ashland Global Holdings, Inc. presented to its investors.
Ashland Global Holdings, Inc. is a global additives and specialty ingredients company, serving diverse markets including pharmaceuticals, personal care, and architectural coatings. The company recently released its second-quarter fiscal 2025 earnings report, showing a 17% decline in sales to $479 million compared to the previous year, influenced by portfolio optimization efforts. Despite these challenges, Ashland reported a net income of $31 million and adjusted EBITDA of $108 million, reflecting a 14% decrease from the prior year. The company has completed its portfolio optimization and is focusing on cost savings initiatives, which are expected to enhance profitability in the coming quarters. Looking forward, Ashland anticipates stable raw material costs and aims to achieve full-year sales between $1.825 billion and $1.9 billion, with adjusted EBITDA projected to range from $400 million to $420 million.