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Ashland Global Holdings Inc (ASH.N)

ASH.N on New York Stock Exchange

79.65USD
18 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Ashland Global Holdings Expects Adjusted Earnings From Continuing Operations In Range Of $0.80-$0.90 Per Diluted Share For Q2
Wednesday, 6 Feb 2019 

Feb 5 (Reuters) - Ashland Global Holdings Inc ::ASHLAND REPORTS PRELIMINARY FINANCIAL RESULTS FOR FIRST QUARTER OF FISCAL 2019 AT UPPER END OF PREVIOUS GUIDANCE; REAFFIRMS FISCAL 2019 FINANCIAL OUTLOOK.ASHLAND GLOBAL HOLDINGS - FOR Q2 OF FISCAL 2019, CO EXPECTS ADJUSTED EARNINGS FROM CONTINUING OPERATIONS IN RANGE OF $0.80-$0.90 PER DILUTED SHARE.ASHLAND GLOBAL HOLDINGS INC - QTRLY PRELIMINARY SALES DOWN 1 PERCENT YOY TO $576 MILLION, INCLUDING 2 PPT IMPACT FROM UNFAVORABLE CURRENCY.ASHLAND GLOBAL HOLDINGS INC - QTRLY PRELIMINARY REPORTED LOSS FROM CONTINUING OPERATIONS $1.14 PER DILUTED SHARE.ASHLAND GLOBAL HOLDINGS INC - QTRLY PRELIMINARY ADJUSTED INCOME FROM CONTINUING OPERATIONS WAS $0.14 PER DILUTED SHARE.ASHLAND GLOBAL HOLDINGS INC - QTRLY PRELIMINARY REPORTED NET LOSS WAS $0.76 PER DILUTED SHARE.ASHLAND GLOBAL - REMAIN FULLY ON TRACK TO ACHIEVE $120 MILLION IN TOTAL RUN-RATE SAVINGS BY END OF CALENDAR 2019 FROM COST REDUCTION PROGRAM.  Full Article

Ashland announces board leadership changes
Monday, 14 Jan 2019 

Jan 14 (Reuters) - Ashland Global Holdings Inc ::ASHLAND ANNOUNCES SIGNIFICANT BOARD REFRESHMENT AND BOARD LEADERSHIP CHANGES TO SUPPORT CONTINUED EXECUTION OF STRATEGIC PLAN.ASHLAND ANNOUNCES SIGNIFICANT BOARD REFRESHMENT AND BOARD LEADERSHIP CHANGES TO SUPPORT CONTINUED EXECUTION OF STRATEGIC PLAN.ASHLAND GLOBAL HOLDINGS INC - JAY IHLENFELD TO BE APPOINTED LEAD INDEPENDENT DIRECTOR.ASHLAND GLOBAL HOLDINGS INC - COMPANY TO INITIATE SEARCH FOR TWO NEW DIRECTORS.ASHLAND GLOBAL HOLDINGS INC - FOLLOWING TWO APPOINTMENTS, EIGHT OF ASHLAND'S DIRECTORS WILL HAVE BEEN ADDED TO BOARD SINCE 2015..ASHLAND GLOBAL HOLDINGS INC - NEUBERGER BERMAN ASSISTING IN PROCESS AND VOTING FOR NOMINEES FOR 2019 ANNUAL MEETING.ASHLAND GLOBAL HOLDINGS - TO INITIATE SEARCH FOR TWO NEW DIRECTORS IN CONSULTATION WITH NEUBERGER BERMAN AND WITH INPUT FROM OTHER SHAREHOLDERS.ASHLAND GLOBAL HOLDINGS INC - ACTIONS WERE TAKEN BY ASHLAND BOARD IN CONSULTATION WITH NEUBERGER BERMAN.ASHLAND GLOBAL HOLDINGS INC - KATHLEEN WILSON-THOMPSON, CURRENT DIRECTOR, WILL BE APPOINTED CHAIR OF COMPENSATION COMMITTEE.ASHLAND GLOBAL HOLDINGS INC - DOES NOT INTEND TO PERMANENTLY EXPAND SIZE OF BOARD.ASHLAND GLOBAL HOLDINGS INC - BOARD WILL APPOINT TWO NEW INDEPENDENT DIRECTORS WITH ASSISTANCE OF RUSSELL REYNOLDS ASSOCIATES.ASHLAND GLOBAL HOLDINGS INC - SEARCH FOR ONE NEW INDEPENDENT DIRECTOR TO BE ADDED TO BOARD FOLLOWING 2019 ANNUAL MEETING WILL BE INITIATED IMMEDIATELY.  Full Article

Ineos to acquire the Ashland Composites business for $ 1.1 billion
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Ashland Global Holdings Inc ::INEOS TO ACQUIRE THE ASHLAND COMPOSITES BUSINESS FOR $ 1.1 BILLION.INEOS ENTERPRISES - DEAL ALSO INCLUDES A BDO FACILITY IN GERMANY PRODUCING KEY INTERMEDIATES FOR HIGH PERFORMANCE POLYESTERS AND POLYURETHANES.INEOS ENTERPRISES - DEAL COMPRISES 20 MANUFACTURING SITES IN EUROPE, NORTH & SOUTH AMERICA, ASIA & MIDDLE EAST.  Full Article

Ashland Global Holdings Reports Preliminary Q3 Sales Grew 12 Pct To $971 Mln
Wednesday, 1 Aug 2018 

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 

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
Thursday, 7 Dec 2017 

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
Tuesday, 7 Nov 2017 

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 

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
Thursday, 24 Aug 2017 

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
Thursday, 15 Jun 2017 

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 settles proxy fight with hedge fund Cruiser Capital

BOSTON, Jan 22 Ashland Global Holdings and Cruiser Capital settled their proxy contest on Tuesday with a deal allowing the hedge fund to help select two new board members at the specialty chemicals company while one of its board nominees becomes a consultant there.