The company said, "Based on current expectations and considering external uncertainties, Ashland continues to expect sales in the range of $2.5B-$2.7B for FY23, consistent with prior expectations. In addition, the company continues to expect Adjusted EBITDA to be within the prior outlook range of $600M-$650M, with the current forecast models indicating earnings below the mid-point of that range. Although external uncertainties remain high, the company expects improved market-trend visibility by the end of the Q2. By this time, the company expects to have more clarity on any additional inventory destocking dynamics, conditions in Europe and the China re-opening."
Published first on TheFly
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- Ashland reports financial results1 for first quarter of fiscal year 2023 consistent with previous update
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