Ashland — Jul 28, 2026 release

Recent pricing actions are contributing to results and are expected to provide greater benefit in the fourth quarter as realization increases. Raw material and freight costs are expected to remain elevated amid geopolitical supply pressures, although Ashland expects pricing actions to offset these impacts over time.   Updated guidance • Sales: $1,835 to $1,870 million (no change) • Adjusted EBITDA: $385 million to $400 million (no change) • Adjusted Diluted Earnings Per Share Excluding Intangibles Amortization: low-to-mid single-digit growth • Ongoing Free Cash Flow Conversion: greater than 50 percent of Adjusted EBITDA with capital expenditures of approximately $~90 million “As we look ahead, our full year expectations reflect the underlying strength of our portfolio and the momentum we are seeing across the business,” concluded Guillermo Novo, chair and chief executive officer, Ashland. “Our globalize and innovate strategies continue to exceed expectations, demand remains resilient in our core franchise, and our teams are executing well against our innovative Technology Platforms and other priorities that support long term value creation. We expect continued sequential improvement in the fourth quarter as operational performance steadily improves. Combined with strong cash generation and disciplined execution, these actions position Ashland to carry improving earnings momentum into fiscal 2027.“   Conference Call Webcast The company’s live webcast with securities analysts will include an executive summary and detailed remarks. The live webcas