Ashland Global

Ashland drives gender parity, shines spotlight on the inspirational power of women from lab bench to real life, and announces Responsible Solvers™ speaker series

Retrieved on: 
Friday, March 8, 2024

Ashland also announced its Responsible Solvers™ employee engagement and speaker series for 2024 which includes external and internal speakers.

Key Points: 
  • Ashland also announced its Responsible Solvers™ employee engagement and speaker series for 2024 which includes external and internal speakers.
  • The series also includes information about safety, sustainable sourcing, commercial innovations and more.
  • “Through the Ashland Women’s International Network (AWIN), we are raising the visibility of exceptionally inspirational women,” said Guillermo Novo, chair and chief executive officer, Ashland.
  • Our commitment reinforces Ashland’s passion for STEM, its pervasiveness in our lives, and contributions to our business success,” concluded Novo.

Ashland reports financial results1 for first quarter fiscal 2024; issues outlook for second quarter and full-year fiscal 2024

Retrieved on: 
Tuesday, January 30, 2024

WILMINGTON, Del., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) today announced financial results1 for the first quarter of fiscal year 2024, which ended December 31, 2023, and issued its outlook for second quarter and full-year fiscal 2024. The global additives and specialty ingredients company holds leadership positions in high-quality, consumer-focused markets including pharmaceuticals, personal care and architectural coatings.

Key Points: 
  • Sales in the first quarter were $473 million, down 10 percent versus the prior-year quarter.
  • Ashland repurchased 1.2 million shares during the first quarter and now has $900 million remaining under the existing evergreen share repurchase authorization.
  • The first quarter of fiscal year 2024 cash flows provided by operating activities includes the favorable impact of the new Foreign Accounts Receivable Sales Program.
  • “Financial results in the December quarter yielded adjusted EBITDA above the outlook range we issued on November 8, 2023,” said Guillermo Novo, chair and chief executive officer, Ashland.

Alginates & Derivatives Market worth $651 million by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, January 31, 2024

By type, sodium alginate accounted for the largest share in 2023 in terms of value in the alginates and derivatives market.

Key Points: 
  • By type, sodium alginate accounted for the largest share in 2023 in terms of value in the alginates and derivatives market.
  • By applications, the food & beverage segment is estimated to grow at a higher rate in the alginates and derivatives market.
  • Europe's overall economic stability plays a significant role in determining the trajectory of the alginates and derivatives market.
  • Key players operating in the alginates and derivatives market include Cargill Inc. (US), KIMICA Corporation (Japan), FMC Corporation (US), E.I.

Alginates & Derivatives Market worth $651 million by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, January 31, 2024

By type, sodium alginate accounted for the largest share in 2023 in terms of value in the alginates and derivatives market.

Key Points: 
  • By type, sodium alginate accounted for the largest share in 2023 in terms of value in the alginates and derivatives market.
  • By applications, the food & beverage segment is estimated to grow at a higher rate in the alginates and derivatives market.
  • Europe's overall economic stability plays a significant role in determining the trajectory of the alginates and derivatives market.
  • Key players operating in the alginates and derivatives market include Cargill Inc. (US), KIMICA Corporation (Japan), FMC Corporation (US), E.I.

Ashland board authorizes quarterly dividend

Retrieved on: 
Monday, January 22, 2024

WILMINGTON, Del., Jan. 22, 2024 (GLOBE NEWSWIRE) -- The board of directors of Ashland Inc. (NYSE: ASH) has declared a quarterly cash dividend of $0.385 cents per share on the company's common stock.

Key Points: 
  • WILMINGTON, Del., Jan. 22, 2024 (GLOBE NEWSWIRE) -- The board of directors of Ashland Inc. (NYSE: ASH) has declared a quarterly cash dividend of $0.385 cents per share on the company's common stock.
  • The dividend is payable on March 15, 2024, to stockholders of record at the close of business on March 1, 2024.
  • As of December 31, 2023, there were 50,094,986 shares of Ashland common stock outstanding.

$250+ Billion Specialty Food Ingredients Market: Analysis by Type, Source, Application - Global Forecast to 2030 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, January 17, 2024

The "Specialty Food Ingredients Market by Type, Source, Application - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Specialty Food Ingredients Market by Type, Source, Application - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
  • The global specialty food ingredients market is projected to reach $250.44 billion by 2030, at a CAGR of 5.6% during the forecast period of 2023-2030.
  • Moreover, the growing demand for natural, organic, and clean-label ingredients is a prominent trend in the specialty food ingredients market.
  • In 2023, the food segment is expected to account for a larger share of the global specialty food ingredients market.

World Specialty Food Ingredients Market Report 2023-2030: Demand for Natural, Organic, and Clean-Label Ingredients Gaining Momentum in the Multi-Billion Burgeoning Industry

Retrieved on: 
Friday, January 19, 2024

The growth of the specialty food ingredients market is driven by the consumers' changing preferences, driving the demand for specialty ingredients in the food & beverage sector, growing health consciousness among consumers, the growing adoption of convenience foods, and increasing partnerships and distribution agreements among specialty food ingredients manufacturers.

Key Points: 
  • The growth of the specialty food ingredients market is driven by the consumers' changing preferences, driving the demand for specialty ingredients in the food & beverage sector, growing health consciousness among consumers, the growing adoption of convenience foods, and increasing partnerships and distribution agreements among specialty food ingredients manufacturers.
  • However, specialty food ingredients' short shelf life and low stability hamper the growth of this market to some extent.
  • Moreover, the growing demand for natural, organic, and clean-label ingredients is a prominent trend in the specialty food ingredients market.
  • In 2023, the food segment is expected to account for a larger share of the global specialty food ingredients market.

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

Retrieved on: 
Tuesday, January 16, 2024

WILMINGTON, Del., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) today announced plans to issue its first-quarter earnings release at approximately 5 p.m.

Key Points: 
  • WILMINGTON, Del., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) today announced plans to issue its first-quarter earnings release at approximately 5 p.m.
  • The company’s live webcast with securities analysts will include an executive summary and detailed remarks.
  • To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time.
  • Following the live event, an archived version of the webcast and supporting materials will be available on the Ashland website for 12 months.

Ashland announces organization changes to finance and strategy, M&A and portfolio teams

Retrieved on: 
Tuesday, January 9, 2024

Seth Mrozek, director of investor relations (IR), Ashland, becomes director, portfolio strategy, Ashland, reporting to Jim Minicucci, senior vice president strategy, M&A and portfolio management, Ashland.

Key Points: 
  • Seth Mrozek, director of investor relations (IR), Ashland, becomes director, portfolio strategy, Ashland, reporting to Jim Minicucci, senior vice president strategy, M&A and portfolio management, Ashland.
  • William Whitaker, vice president, treasury, Ashland, becomes vice president finance and director of investor relations, Ashland, reporting to Kevin Willis, chief financial officer, Ashland.
  • Michael Coppola, finance director, personal care and specialty additives, becomes treasurer, Ashland, reporting to Willis.
  • Michael Miragliotta, senior manager, financial planning and analysis (FP&A) becomes finance director, personal care and specialty additives, Ashland, reporting to Willis.

Ashland announces validation of comprehensive science-based greenhouse gas emissions reductions targets

Retrieved on: 
Thursday, November 30, 2023

WILMINGTON, Del., Nov. 30, 2023 (GLOBE NEWSWIRE) -- The Science Based Targets initiative (SBTi) has validated the science-based greenhouse gas (GHG) emissions reductions targets submitted by Ashland Inc. (NYSE: ASH) as conforming with the SBTi Criteria and Recommendations.

Key Points: 
  • WILMINGTON, Del., Nov. 30, 2023 (GLOBE NEWSWIRE) -- The Science Based Targets initiative (SBTi) has validated the science-based greenhouse gas (GHG) emissions reductions targets submitted by Ashland Inc. (NYSE: ASH) as conforming with the SBTi Criteria and Recommendations.
  • The company has joined more than 6,500 businesses who have committed to the SBTi to reduce emissions in line with climate science.
  • “Ashland is proud to announce our ambitious science-based targets that reflect our purpose to responsibly solve for a better world,” said Guillermo Novo, chair and chief executive officer, Ashland.
  • Reducing our GHG emissions helps mitigate climate change and our actions contribute to our customers sustainability goals.”
    The Science Based Targets initiative (SBTi) is a global body enabling companies and financial institutions to set ambitious emissions reduction targets in line with the latest climate science.