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Ashland (ASH) Q4 FY2026 earnings: revenue $498 million, up 4.4% on the year

Ashland Inc. (ASH) announced its results for Q4 FY2026, the quarter ended 30 September 2026, on 3 November 2026. Revenue was $498 million, up 4.4% on the same quarter a year earlier. Net income was -$16 million, and diluted earnings per share -$0.35. The figures are from the company's earnings press release; the 10-Q with the full statements is not filed yet, and this page fills in when it is.

Revenue
$498 million
+4.4% on the year · +0.2% on the quarter
Q1 FY2025Q4 FY2026
Net income
-$16 million
Q1 FY2025Q4 FY2026
Diluted EPS
-$0.35
Q1 FY2025Q4 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 9 new.

  • Fourth-quarter sales up four percent: Sales were $498 million, up from $478 million. Volumes rose three percent and pricing two percent, while foreign currency reduced sales by about $3 million.
  • Net loss against prior-year profit: Net loss was $16 million, or ($0.35) per diluted share, against net income of $32 million a year earlier. Loss from continuing operations was $17 million, or ($0.36) per share.
  • Adjusted EBITDA rose two percent: Adjusted EBITDA was $121 million, with a 24.3 percent margin versus 24.9 percent. Adjusted EPS excluding intangibles amortization was $1.12, against $1.08.
Read the earnings call summary

The quarter, against the one before and a year earlier

LineQ4 FY2026Q3 FY2026Q4 FY2025Change on the year
Revenue498497477+4.4%
Net income-16.016.031.0n/a
Diluted EPS-$0.35$0.35$0.71n/a
$ million except per share.
Read moreQ4 FY2026 is from the company's press release of 3 November 2026; the other columns are from its 10-Q and 10-K filings. A release figure is shown when the release's own figure for an earlier quarter matches the filed one, so the line and its units are read right.

Quarterly results, the last 20 quarters filed

Q4 FY2021 * †Q1 FY2022Q2 FY2022 †Q3 FY2022 †Q4 FY2022 * †Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue591512604644631525603546517473575544521405479463477386482497
Cost of revenue401351384404422360406368389375414358348294332331318281335327
Gross profit19016122024020916519717812898.0161186173111147132159105147170
Gross margin32%31%36%37%33%31%33%33%25%21%28%34%33%27%31%29%33%27%30%34%
R&D13.013.013.014.015.013.012.012.014.012.014.015.014.013.014.013.014.013.014.015.0
SG&A85.082.090.012794.093.079.084.010983.010611410178.085.010675.086.079.099.0
Operating income7.042.010011279.037.083.062.0-10.0-18.021.0-61.032.0-17951.0-70861.0-6.039.043.0
Operating margin1%8%17%17%13%7%14%11%-2%-4%4%-11%6%-44%11%-153%13%-2%8%9%
Pre-tax income31.037.058.052.059.050.091.057.0-38.04.017.0-70.025.0-20939.0-70465.0-15.020.056.0
Tax rate-6%14%34%2%-2%16%-1%26%n/a-600%-612%n/a24%n/a23%n/a49%n/a25%27%
Net income43.048.078636.057.040.091.050.0-3.026.01206.017.0-16531.0-74231.0-12.016.016.0
Net margin7%9%130%6%9%8%15%9%-1%5%21%1%3%-41%6%-160%6%-3%3%3%
Diluted EPS$0.73$0.83$13.69$0.65$1.04$0.73$1.67$0.94-$0.07$0.51$2.39$0.12$0.33-$3.50$0.65-$16.21$0.71-$0.26$0.34$0.35
Capital expenditure28.015.022.030.046.023.035.043.069.036.034.029.038.023.021.020.034.014.017.020.0
Buybacksn/an/an/a45.0n/a0.01421580.01000.01301500.01000.00.0n/an/a0.0
Dividends paid18.017.017.018.018.018.018.020.020.020.019.020.019.019.019.019.019.019.019.019.0
Shares outstanding57m57m55m54m54m54m53m51m51m50m50m49m47m47m46m46m46m46m46m46m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Earnings press release for the quarter ended 30 September 2026, filed with the SEC on 3 November 2026 with a Form 8-K: the release.