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Ashland Global Holdings Inc (ASH.N)

ASH.N on New York Stock Exchange

70.86USD
23 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Ashland Global Sees Q3 Earnings From Continuing Operations In Range Of $0.36 To $0.38 Per Share
Wednesday, 17 Jul 2019 

July 17 (Reuters) - Ashland Global Holdings Inc ::ASHLAND REPORTS THAT FINANCIAL RESULTS FOR THIRD QUARTER OF FISCAL 2019 WILL BE BELOW GUIDANCE; OUTLOOK FOR FISCAL YEAR 2019 REDUCED; SETS DATE TO REPORT THIRD QUARTER FINANCIAL RESULTS.SEES Q3 EARNINGS FROM CONTINUING OPERATIONS IN RANGE OF $0.36 TO $0.38 PER DILUTED SHARE.SEES Q3 SALES OF APPROXIMATELY $641 MILLION.Q3 ADJUSTED EARNINGS FROM CONTINUING OPERATIONS ARE NOW EXPECTED TO BE IN RANGE OF $0.76 TO $0.78 PER DILUTED SHARE.EXPECTS FISCAL YEAR 2019 ADJUSTED EBITDA FOR SPECIALTY INGREDIENTS TO BE IN RANGE OF $560 MILLION TO $570 MILLION.Q3 EARNINGS PER SHARE VIEW $0.86, REVENUE VIEW $668.4 MILLION -- REFINITIV IBES DATA.  Full Article

Ashland Global Entered Into Uncollared Accelerated Share Repurchase Agreement With Goldman Sachs
Tuesday, 7 May 2019 

May 7 (Reuters) - Ashland Global Holdings Inc ::ASHLAND GLOBAL - ON MAY 6, ENTERED INTO UNCOLLARED ACCELERATED SHARE REPURCHASE AGREEMENT WITH GOLDMAN SACHS TO REPURCHASE $200 MILLION OF CO'S STOCK.ASHLAND GLOBAL HOLDINGS INC - $200 MILLION REPURCHASE IS PART OF ASHLAND'S $1 BILLION STOCK REPURCHASE AUTHORIZATION APPROVED IN FISCAL 2018.ASHLAND GLOBAL HOLDINGS INC - ASR AGREEMENT IS SCHEDULED TO TERMINATE NO LATER THAN AUGUST 2019 BUT MAY BE TERMINATED EARLY IN CERTAIN CIRCUMSTANCES.ASHLAND GLOBAL - WILL MAKE $200 MILLION PAYMENT TO GOLDMAN SACHS & GET FROM GOLDMAN AN INITIAL DELIVERY OF ABOUT 2.2 MILLION SHARES OF CO'S COMMON STOCK.  Full Article

Ashland Global Holdings Expects Adjusted Earnings From Continuing Operations In Range Of $0.80-$0.90 Per Diluted Share For Q2
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Ashland Global Holdings Inc ::ASHLAND REPORTS PRELIMINARY FINANCIAL RESULTS FOR FIRST QUARTER OF FISCAL 2019 AT UPPER END OF PREVIOUS GUIDANCE; REAFFIRMS FISCAL 2019 FINANCIAL OUTLOOK.ASHLAND GLOBAL HOLDINGS - FOR Q2 OF FISCAL 2019, CO EXPECTS ADJUSTED EARNINGS FROM CONTINUING OPERATIONS IN RANGE OF $0.80-$0.90 PER DILUTED SHARE.ASHLAND GLOBAL HOLDINGS INC - QTRLY PRELIMINARY SALES DOWN 1 PERCENT YOY TO $576 MILLION, INCLUDING 2 PPT IMPACT FROM UNFAVORABLE CURRENCY.ASHLAND GLOBAL HOLDINGS INC - QTRLY PRELIMINARY REPORTED LOSS FROM CONTINUING OPERATIONS $1.14 PER DILUTED SHARE.ASHLAND GLOBAL HOLDINGS INC - QTRLY PRELIMINARY ADJUSTED INCOME FROM CONTINUING OPERATIONS WAS $0.14 PER DILUTED SHARE.ASHLAND GLOBAL HOLDINGS INC - QTRLY PRELIMINARY REPORTED NET LOSS WAS $0.76 PER DILUTED SHARE.ASHLAND GLOBAL - REMAIN FULLY ON TRACK TO ACHIEVE $120 MILLION IN TOTAL RUN-RATE SAVINGS BY END OF CALENDAR 2019 FROM COST REDUCTION PROGRAM.  Full Article

Ashland announces board leadership changes
Monday, 14 Jan 2019 

Jan 14 (Reuters) - Ashland Global Holdings Inc ::ASHLAND ANNOUNCES SIGNIFICANT BOARD REFRESHMENT AND BOARD LEADERSHIP CHANGES TO SUPPORT CONTINUED EXECUTION OF STRATEGIC PLAN.ASHLAND ANNOUNCES SIGNIFICANT BOARD REFRESHMENT AND BOARD LEADERSHIP CHANGES TO SUPPORT CONTINUED EXECUTION OF STRATEGIC PLAN.ASHLAND GLOBAL HOLDINGS INC - JAY IHLENFELD TO BE APPOINTED LEAD INDEPENDENT DIRECTOR.ASHLAND GLOBAL HOLDINGS INC - COMPANY TO INITIATE SEARCH FOR TWO NEW DIRECTORS.ASHLAND GLOBAL HOLDINGS INC - FOLLOWING TWO APPOINTMENTS, EIGHT OF ASHLAND'S DIRECTORS WILL HAVE BEEN ADDED TO BOARD SINCE 2015..ASHLAND GLOBAL HOLDINGS INC - NEUBERGER BERMAN ASSISTING IN PROCESS AND VOTING FOR NOMINEES FOR 2019 ANNUAL MEETING.ASHLAND GLOBAL HOLDINGS - TO INITIATE SEARCH FOR TWO NEW DIRECTORS IN CONSULTATION WITH NEUBERGER BERMAN AND WITH INPUT FROM OTHER SHAREHOLDERS.ASHLAND GLOBAL HOLDINGS INC - ACTIONS WERE TAKEN BY ASHLAND BOARD IN CONSULTATION WITH NEUBERGER BERMAN.ASHLAND GLOBAL HOLDINGS INC - KATHLEEN WILSON-THOMPSON, CURRENT DIRECTOR, WILL BE APPOINTED CHAIR OF COMPENSATION COMMITTEE.ASHLAND GLOBAL HOLDINGS INC - DOES NOT INTEND TO PERMANENTLY EXPAND SIZE OF BOARD.ASHLAND GLOBAL HOLDINGS INC - BOARD WILL APPOINT TWO NEW INDEPENDENT DIRECTORS WITH ASSISTANCE OF RUSSELL REYNOLDS ASSOCIATES.ASHLAND GLOBAL HOLDINGS INC - SEARCH FOR ONE NEW INDEPENDENT DIRECTOR TO BE ADDED TO BOARD FOLLOWING 2019 ANNUAL MEETING WILL BE INITIATED IMMEDIATELY.  Full Article

Ineos to acquire the Ashland Composites business for $ 1.1 billion
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Ashland Global Holdings Inc ::INEOS TO ACQUIRE THE ASHLAND COMPOSITES BUSINESS FOR $ 1.1 BILLION.INEOS ENTERPRISES - DEAL ALSO INCLUDES A BDO FACILITY IN GERMANY PRODUCING KEY INTERMEDIATES FOR HIGH PERFORMANCE POLYESTERS AND POLYURETHANES.INEOS ENTERPRISES - DEAL COMPRISES 20 MANUFACTURING SITES IN EUROPE, NORTH & SOUTH AMERICA, ASIA & MIDDLE EAST.  Full Article

Ashland Global Holdings Reports Preliminary Q3 Sales Grew 12 Pct To $971 Mln
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Ashland Global Holdings Inc ::PRELIMINARY Q3 SALES GREW 12 PERCENT YEAR-OVER-YEAR TO $971 MILLION.ON AN ADJUSTED BASIS, PRELIMINARY Q3 INCOME FROM CONTINUING OPERATIONS WAS $1.13 PER DILUTED SHARE.QTRLY PRELIMINARY INCOME FROM CONTINUING OPERATIONS WAS $0.56 PER DILUTED SHARE.FOR Q4, ASHLAND EXPECTS ADJUSTED EARNINGS IN THE RANGE OF $0.90-$1.00 PER DILUTED SHARE.FOR FY 2018 ASHLAND NOW EXPECTS ADJUSTED EARNINGS PER SHARE IN THE RANGE OF $3.50 TO $3.60.Q3 EARNINGS PER SHARE VIEW $1.03, REVENUE VIEW $990.0 MILLION -- THOMSON REUTERS I/B/E/S.Q4 EARNINGS PER SHARE VIEW $0.98 -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $3.46 -- THOMSON REUTERS I/B/E/S.  Full Article

Ashland Global Says Will Explore Strategic Alternatives For Its Composites Segment
Tuesday, 20 Mar 2018 

March 20 (Reuters) - Ashland Global Holdings Inc ::ASHLAND GLOBAL SAYS WILL EXPLORE STRATEGIC ALTERNATIVES FOR ITS COMPOSITES SEGMENT - SEC FILING.ASHLAND GLOBAL HOLDINGS SAYS BOARD AUTHORIZED NEW $1 BILLION COMMON STOCK REPURCHASE PROGRAM, EFFECTIVE IMMEDIATELY - SEC FILING.ASHLAND GLOBAL - WILL EXPLORE STRATEGIC ALTERNATIVES ALSO FOR BDO MANUFACTURING FACILITY IN MARL, GERMANY, RELATED MERCHANT I&S PRODUCTS​.ASHLAND GLOBAL HOLDINGS INC - NEW STOCK REPURCHASE AUTHORIZATION REPLACES PREVIOUS REPURCHASE PROGRAM, WHICH HAD $500 MILLION REMAINING.ASHLAND GLOBAL - INTENDS TO EVALUATE ALL OPTIONS FOR COMPOSITES SEGMENT, BDO MANUFACTURING FACILITY IN GERMANY​, INCLUDING A POTENTIAL SALE​.ASHLAND GLOBAL - ‍INTENDS TO TAKE ACTIONS TO ELIMINATE STRANDED COSTS FROM POTENTIAL SALE OF COMPOSITES, BDO MANUFACTURING FACILITY IN MARL, GERMANY​.ASHLAND - EXPECTS TO USE NET PROCEEDS FROM POTENTIAL SALE OF COMPOSITES, BDO MANUFACTURING FACILITY IN GERMANY TO REPAY DEBT AND REPURCHASE SHARES.ASHLAND GLOBAL - ‍PLANS TO RETAIN ITS BDO PLANT IN LIMA, OHIO, TO ENSURE CONSISTENT SUPPLY FOR ASHLAND'S INTERNAL NEEDS​.ASHLAND GLOBAL HOLDINGS INC - ‍OUTLOOK FOR YEAR HAS NOT CHANGED​.ASHLAND GLOBAL - RETAINED CITI TO ASSIST IN THE STRATEGIC REVIEW PROCESS.ASHLAND GLOBAL - GIVEN STRONG PERFORMANCE OF BUSINESSES AND RECENT TAX REFORM CHANGES, "WE BELIEVE IT IS THE RIGHT TIME TO INITIATE THIS REVIEW".  Full Article

Ashland Global Says CEO's FY 2017 Total Compensation Was $7.2 Mln Versus $13 Mln Last Year
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Ashland Global Holdings Inc ::ASHLAND GLOBAL HOLDINGS INC SAYS CEO WILLIAM A. WULFSOHN'S FY 2017 TOTAL COMPENSATION WAS $7.2 MILLION VERSUS $13.0 MILLION IN FY 2016 - SEC FILING.ASHLAND GLOBAL HOLDINGS INC SAYS CFO KEVIN WILLIS' FY 2017 TOTAL COMPENSATION WAS $2.36 MILLION VERSUS $6.5 MILLION IN FY 2016.  Full Article

Ashland Global sees Q1 2018 adjusted earnings per share $0.35 to $0.45
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Ashland Global Holdings Inc :Sees Q1 2018 adjusted earnings per share $0.35 to $0.45.Ashland Global Holdings Inc qtrly preliminary sales grew 17 percent year-over-year to $880 million.Ashland Global Holdings Inc - qtrly preliminary loss from continuing operations was $0.84 per diluted share‍​.Ashland Global Holdings Inc - qtrly preliminary adjusted income from continuing operations was $0.78 per diluted share.Ashland Global Holdings Inc sees FY 2018 adjusted earnings per share of $3.20 to $3.40‍​.Q4 earnings per share view $0.68, revenue view $870.0 million -- Thomson Reuters I/B/E/S.FY2018 earnings per share view $3.28 -- Thomson Reuters I/B/E/S.Q1 earnings per share view $0.47 -- Thomson Reuters I/B/E/S.  Full Article

Ashland Global manufacturing facilities resumed operations after shutting due to hurricane
Monday, 18 Sep 2017 

Sept 18 (Reuters) - Ashland Global Holdings Inc :Ashland Global - manufacturing facilities in Texas City, Texas, Marl, Germany, resumed operations after shutting down last month due to Hurricane Harvey.Ashland Global Holdings Inc - ‍ resumed normal operations in its manufacturing facilities after previously announced fire at german plant​.  Full Article

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