Ashland Inc. (ASH)

Ashland Income Statement

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	2,113	2,113	2,191	2,391	2,111	2,016
Revenue Growth (YoY)	-3.56%	-3.56%	-8.36%	13.26%	4.71%	-6.15%
Cost of Revenue	1,495	1,495	1,523	1,561	1,438	1,417
Gross Profit	618	618	668	830	673	599
Selling, General & Admin	426	426	358	371	343	345
Research & Development	55	55	51	55	50	56
Other Operating Expenses	-	-	-	-	-5	-5
Operating Expenses	557	557	502	520	478	480
Operating Income	61	61	166	310	195	119
Interest Expense	-	-	-54	-62	-69	-88
Interest & Investment Income	24	24	12	4	1	1
Earnings From Equity Investments	6	6	7	3	-	-
Other Non Operating Income (Expenses)	-	-	-6	-5	-5	7
EBT Excluding Unusual Items	91	91	125	250	122	39
Merger & Restructuring Charges	-	-	-10	-5	-13	-58
Impairment of Goodwill	-	-	-	-	-	-530
Gain (Loss) on Sale of Investments	-	-	42	-86	33	20
Gain (Loss) on Sale of Assets	-	-	6	42	15	5
Asset Writedown	-	-	-4	-	-10	-
Other Unusual Items	-115	-115	-	-	-16	-59
Pretax Income	-24	-24	160	206	135	-577
Income Tax Expense	-223	-223	-8	25	-38	-22
Earnings From Continuing Operations	199	199	168	181	173	-555
Earnings From Discontinued Operations	-30	-30	10	746	47	47
Net Income to Company	169	169	178	927	220	-508
Net Income	169	169	178	927	220	-508
Net Income to Common	169	169	178	927	220	-508
Net Income Growth	-5.06%	-5.06%	-80.80%	321.36%	-	-
Shares Outstanding (Basic)	50	50	53	55	60	61
Shares Outstanding (Diluted)	50	50	54	56	61	61
Shares Change (YoY)	-7.41%	-7.41%	-3.57%	-8.20%	-	-1.61%
EPS (Basic)	3.38	3.38	3.36	16.85	3.67	-8.33
EPS (Diluted)	3.35	3.35	3.32	16.52	3.59	-8.39
EPS Growth	1.05%	1.05%	-79.93%	360.14%	-	-
Free Cash Flow	274	274	73	-326	455	70
Free Cash Flow Per Share	5.48	5.48	1.35	-5.82	7.46	1.15
Dividend Per Share	1.580	1.580	1.440	1.270	1.150	1.100
Dividend Growth	9.72%	9.72%	13.39%	10.43%	4.55%	4.76%
Gross Margin	29.25%	29.25%	30.49%	34.71%	31.88%	29.71%
Operating Margin	2.89%	2.89%	7.58%	12.97%	9.24%	5.90%
Profit Margin	8.00%	8.00%	8.12%	38.77%	10.42%	-25.20%
Free Cash Flow Margin	12.97%	12.97%	3.33%	-13.63%	21.55%	3.47%
EBITDA	335	335	409	551	439	354
EBITDA Margin	15.85%	15.85%	18.67%	23.04%	20.80%	17.56%
D&A For EBITDA	274	274	243	241	244	235
EBIT	61	61	166	310	195	119
EBIT Margin	2.89%	2.89%	7.58%	12.97%	9.24%	5.90%
Effective Tax Rate	-	-	-	12.14%	-	-
Advertising Expenses	-	-	2	2	1	2

Source: S&P Capital IQ. Standard template. Financial Sources.