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ASHLAND INC.

ASHLAND INC.ASHEarnings & Financial Report

NYSE · industrial manufacturing

Ashland, Inc., is an American chemical company headquartered in Wilmington, Delaware. The company began as an oil refinery in the city of Ashland, Kentucky, in 1924, before moving to Wilmington in 1994. The company has five wholly owned divisions, which include Chemical Intermediates and Solvents, composites, industrial specialties, personal and home care, pharmaceuticals, food and beverage, and agriculture. Until 2017, the company was the primary manufacturer of Valvoline.

NextMay 1, 2026

ASH Q1 2026 Key Financial Metrics

Revenue

$386.0M

Gross Profit

$105.0M

Operating Profit

$-6.0M

Net Profit

$-12.0M

Gross Margin

27.2%

Operating Margin

-1.6%

Net Margin

-3.1%

YoY Growth

-4.7%

EPS

$-0.26

Financial Flow

ASHLAND INC. Q1 2026 Financial Summary

ASHLAND INC. reported revenue of $386.0M for Q1 2026, with a net profit of $-12.0M (-3.1% margin). Cost of goods sold was $281.0M, operating expenses totaled $111.0M.

Key Financial Metrics

Total Revenue$386.0M
Net Profit$-12.0M
Gross Margin27.2%
Operating Margin-1.6%
Report PeriodQ1 2026

ASHLAND INC. Annual Revenue by Year

ASHLAND INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.8B).

YearAnnual Revenue
2025$1.8B
2024$2.1B
2023$2.2B
2022$2.4B

Income Statement

Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026
Revenue$575.0M$544.0M$521.0M$405.0M$479.0M$463.0M$477.0M$386.0M
YoY Growth-4.6%-0.4%0.8%-14.4%-16.7%-14.9%-8.4%-4.7%

Balance Sheet

Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026
Assets$5.95B$5.75B$5.64B$5.23B$5.23B$4.62B$4.61B$4.52B
LiabilitiesN/AN/AN/AN/AN/AN/AN/AN/A
Equity$3.13B$2.97B$2.87B$2.59B$2.56B$1.89B$1.90B$1.88B

Cash Flow

Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026
Operating CF$54.0M$127.0M$80.0M$-30.0M$9.0M$115.0M$40.0M$125.0M