Ashland Inc. Buyback
OLI recorded this information on 6/28/2023
Company:
Ashland Inc.
Buyback:
ASH buyback
$Amount Authorized:
$1,000,000,000
Buyback Details:
Ashland Inc. (NYSE: ASH) today provided an update for preliminary fiscal 2023 third-quarter financial results1 and its outlook for fiscal year 2023 results. The global additives and specialty ingredients company holds leadership positions in high-quality, consumer-focused markets including pharmaceuticals, personal care and architectural coatings. Today Ashland announces that its Board of Directors has approved a new $1 billion evergreen share repurchase authorization. This authorization replaces the previous $500 million evergreen authorization under which there was $200 million remaining. Since September 30, 2022, Ashland has repurchased approximately $300 million of its outstanding shares under the previous existing authorization.
Ashland Global Holdings is engaged in providing additives and specialty ingredients to customers in a range of consumer and industrial markets. Co.'s segments are: Life Sciences, which supplies excipients and tablet coating systems to the pharmaceutical, nutrition and nutraceutical industries; Personal Care and Household, which provides biofunctionals, preservatives, skin care, sun care, oral care, hair care and household products; Specialty Additives, which provides rheology additives to the coatings, construction, energy, automotive and various industrial markets; and Intermediates and Solvents, which produces 1,4 butanediol and related derivatives, including n-methylpyrrolidone.
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Buy (3.27 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: ASH Stock Forecast Based on Zacks ABR data; powered by Xignite |