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Ashland Global Holdings Inc (ASH.N)

ASH.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ashland Global Holdings Reports Preliminary Q3 Sales Grew 12 Pct To $971 Mln
Tuesday, 31 Jul 2018 05:49pm EDT 

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 10:01am EDT 

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 04:01pm EST 

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 05:53pm EST 

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 08:16am EDT 

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

Ashland Global provides update on impact to operations result of fire at manufacturing facility in Germany
Wednesday, 23 Aug 2017 05:08pm EDT 

Aug 23 (Reuters) - Ashland Global Holdings Inc :Ashland Global - provided update on impact to operations result of fire at manufacturing facility in germany, led to shutdown of production operations on Aug. 10.Ashland Global Holdings Inc - now expects adjusted EBITDA for the I&S segment to be in the range of $5 - $10 million during the fiscal fourth quarter‍​.Ashland Global Holdings - ‍company currently estimates that production at the manufacturing facility​ will be suspended until late September at earliest.Ashland Global Holdings - currently estimates ‍volume at the manufacturing facility​ is expected to remain "somewhat constrained" into Q1 of fiscal 2018.  Full Article

Ashland Global says entered into amendment no. 2 to credit agreement
Wednesday, 14 Jun 2017 04:32pm EDT 

June 14 (Reuters) - Ashland Global Holdings Inc ::Ashland Global Holdings Inc - on june 14, unit entered into amendment no. 2 to credit agreement, dated as of may 17, 2017 - sec filing.Ashland Global Holdings - amendment provides for a new $600 million seven-year senior secured term loan b facility under credit agreement.Ashland Global Holdings-in connection with tlb facility, issued notice of redemption in respect of all its outstanding 3.875 pct senior notes due 2018.Ashland Global Holdings - proceeds of borrowings under tlb facility, together with cash on hand, will be used to pay for redemption.Ashland Global Holdings - redemption of outstanding 3.875 pct senior notes due 2018 scheduled to occur on june 26, 2017.Ashland Global Holdings-loans issued under tlb facility to bear interest at either libor plus 2.00 pct per annum or alternate base rate plus 1.00 pct/annum.  Full Article

Ashland Global Unit enters into amendment no. 1 to credit agreement
Monday, 22 May 2017 04:37pm EDT 

May 22 (Reuters) - Ashland Global Holdings Inc :On May 19, 2017, co's unit entered into amendment no. 1 to credit agreement - SEC filing.Amendment increased aggregate commitments under revolving credit facility provided under credit agreement from $680 million to $800 million.  Full Article

Ashland LLC unit of Ashland Global Holdings entered into credit agreement with lenders
Thursday, 18 May 2017 12:47pm EDT 

May 18 (Reuters) - Ashland Global Holdings Inc :Ashland Global Holdings Inc - Ashland LLC entered into a credit agreement with lenders.Ashland Global Holdings - Credit agreement provides for $250 million three-year term loan a facility, $250 million five-year term loan A facility.Ashland Global Holdings - Credit agreement provides for a $680 million five-year revolving credit facility.Ashland Global Holdings - Expects to increase aggregate commitments under revolving facility from $680 million to $800 million.Ashland Global Holdings Inc - Proceeds of borrowings under TLA facilities were used on closing date solely to finance acquisition of shares of Pharmachem Laboratories,.  Full Article

Ashland Global's board declares cash dividend of 22.5 cents
Wednesday, 17 May 2017 05:40pm EDT 

May 17 (Reuters) - Ashland Global Holdings Inc :Ashland Global Holdings says board has declared a quarterly cash dividend of 22.5 cents per share on company's common stock - SEC filing.Ashland Global Holdings Inc - quarterly cash dividend represents a reduction from previous quarterly dividend of 39 cents per share.Ashland Global Holdings Inc - reduction in dividend was as a result of recently completed separation of Valvoline Inc.  Full Article