Ashland (NYSE: ASH ) reported earnings on Jan. 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Ashland met expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly and GAAP earnings per share expanded significantly.
Gross margins expanded, operating margins dropped, net margins expanded.
Ashland reported revenue of $1.90 billion. The seven analysts polled by S&P Capital IQ hoped for revenue of $1.90 billion on the same basis. GAAP reported sales were 3.2% lower than the prior-year quarter's $1.93 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.12. The nine earnings estimates compiled by S&P Capital IQ predicted $1.37 per share. GAAP EPS of $1.26 for Q1 were 64% higher than the prior-year quarter's $0.77 per share. (The prior-year quarter included $0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 28.7%, 40 basis points better than the prior-year quarter. Operating margin was 8.7%, 80 basis points worse than the prior-year quarter. Net margin was 5.4%, 220 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.13 billion. On the bottom line, the average EPS estimate is $1.97.
Next year's average estimate for revenue is $8.41 billion. The average EPS estimate is $7.64.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ashland is outperform, with an average price target of $89.60.
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