ASHLAND INC.ASHEarnings & Financial Report
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.
Revenue
$544.0M
Gross Profit
$186.0M
Operating Profit
$-61.0M
Net Profit
$6.0M
Gross Margin
34.2%
Operating Margin
-11.2%
Net Margin
1.1%
YoY Growth
-0.4%
EPS
$0.12
Financial Flow
ASHLAND INC. Q3 2024 Financial Summary
ASHLAND INC. reported revenue of $544.0M (down 0.4% YoY) for Q3 2024, with a net profit of $6.0M (down 88.0% YoY) (1.1% margin). Cost of goods sold was $358.0M, operating expenses totaled $247.0M.
Key Financial Metrics
| Total Revenue | $544.0M |
|---|---|
| Net Profit | $6.0M |
| Gross Margin | 34.2% |
| Operating Margin | -11.2% |
| Report Period | Q3 2024 |
Revenue Breakdown
ASHLAND INC. Q3 2024 revenue of $544.0M breaks down across 7 segments, led by Personal Care And Household at $175.0M (32.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Personal Care And Household | $175.0M | 32.2% |
| Other | $153.0M | 28.1% |
| Life Sciences | $56.0M | 10.3% |
| Personal Care | $51.0M | 9.4% |
| Specialty Additives | $49.0M | 9.0% |
| Intermediates And Solvents | $36.0M | 6.6% |
| Intermediates | $24.0M | 4.4% |
ASHLAND INC. Revenue by Segment — Quarterly Trend
ASHLAND INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Personal Care And Household and Other) has evolved quarter over quarter.
| Segment | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|
| Personal Care And Household | $123.0M | — | $147.0M | $146.0M |
| Other | $120.0M | — | $149.0M | $154.0M |
| Life Sciences | $27.0M | — | $31.0M | $30.0M |
| Personal Care | $30.0M | — | $35.0M | $41.0M |
| Specialty Additives | $36.0M | — | $47.0M | $46.0M |
ASHLAND INC. Annual Revenue by Year
ASHLAND INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.8B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.8B |
| 2024 | $2.1B |
| 2023 | $2.2B |
| 2022 | $2.4B |
ASHLAND INC. Quarterly Revenue & Net Profit History
ASHLAND INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 2026 | $386.0M | -4.7% | $-12.0M | -3.1% |
| Q4 2025 | $477.0M | -8.4% | $31.0M | 6.5% |
| Q3 2025 | $463.0M | -14.9% | $-742.0M | -160.3% |
| Q2 2025 | $479.0M | -16.7% | $31.0M | 6.5% |
| Q1 2025 | $405.0M | -14.4% | $-165.0M | -40.7% |
| Q4 2024 | $521.0M | +0.8% | $17.0M | 3.3% |
| Q3 2024 | $544.0M | -0.4% | $6.0M | 1.1% |
| Q2 2024 | $575.0M | -4.6% | $120.0M | 20.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 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 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $5.95B | $5.75B | $5.64B | $5.23B | $5.23B | $4.62B | $4.61B | $4.52B |
| Liabilities | $2.81B | $2.78B | $2.78B | $2.64B | $2.67B | $2.73B | $2.71B | N/A |
| Equity | $3.13B | $2.97B | $2.87B | $2.59B | $2.56B | $1.89B | $1.90B | $1.88B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $54.0M | $127.0M | $80.0M | $-30.0M | $9.0M | $115.0M | $40.0M | $125.0M |