Print
Email
Ashland Inc. (ASH) filed Quarterly Report for the period ended 2011-12-31.
Ashland Inc. has a market cap of $5.04 billion; its shares were traded at around $64.5 with a P/E ratio of 16.17 and P/S ratio of 0.77. The dividend yield of Ashland Inc. stocks is 1.09%.
This is the annual revenues and earnings per share of ASH over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of ASH.
Highlight of Business Operations:
Sales for the current quarter increased $497 million, or 35%, compared to the prior year quarter primarily as a result of the acquisition of ISP in August 2011 and increases in pricing, implemented to recover the effects of increases in raw material costs, which increased sales $450 million and $146 million, respectively, or 42%, in total. Favorable mix of product sold increased sales an additional $20 million, or 1%. Volume decreased sales $58 million, or 4%, while the contribution of the Casting Solutions business in November 2010 to the expanded global joint venture with Süd-Chemie reduced sales by $60 million, or 4%. Unfavorable currency exchange rates decreased sales $1 million.Cost of sales for the current quarter increased $373 million, or 36%, compared to the prior year quarter primarily due to the acquisition of ISP and escalating raw material costs that increased cost of sales $305 million and $127 million, respectively, or 42%, in total. Change in product mix increased cost of sales by an additional $10 million, or 1%. Decreased volume reduced cost of sales $46 million, or 4%, while the net contribution of the Casting Solutions business in November 2010 to the expanded global joint venture with Süd-Chemie caused a decrease of $48 million, or 5%. The current quarter also includes a noncash charge of $25 million related to the fair value assessment of inventory acquired from ISP at the date of acquisition.
Specialty Ingredients sales increased 191% to $628 million in the current quarter compared to $216 million in the prior year quarter, primarily as a result of the acquisition of ISP, which increased sales $358 million, or 166%. Higher pricing increased sales $26 million, or 12%, while the mix of product sold increased sales an additional $19 million, or 9%. Volume increased sales $8 million, or 4%, during the current quarter as metric tons sold increased to 98.2 thousand. Favorable currency exchange added $1 million to sales.
Performance Materials sales increased 16% to $378 million in the current quarter compared to $326 million in the prior year quarter. The acquisition of ISP s Elastomers business contributed $92 million, or 28%, in sales, while the exclusion of sales from December 2010 forward, related to the contribution of the Casting Solutions business into an expanded global joint venture, reduced sales $60 million, or 18%. Higher product pricing increased sales an additional $25 million, or 8%, primarily as a result of pricing increases in the composites line of business that were announced to fully offset increases in raw material costs. Volume decreased sales by $3 million, or 1%, excluding acquisitions and divestitures, while change in product mix and unfavorable currency exchange decreased sales an additional $2 million, or 1%.
Consumer Markets sales increased 8% to $475 million in the current quarter compared to $440 million in the prior year quarter. Higher product pricing was the primary factor in sales growth between quarters, resulting in a $59 million, or 13%, increase in sales, while changes in product mix sold resulted in an additional $2 million, or 1%, increase in sales. Volume decreased sales by $26 million, or 6%, in the current quarter as lubricant gallons sold declined to 36.7 million gallons during the current quarter compared to 40.4 million gallons in the prior year quarter.
Subscribe RSS
