Ashland Q4 sales drop 8% to $478 million; issues fiscal 2026 EBITDA outlook
Ashland reported fourth-quarter fiscal 2025 sales of $478 million, down 8% from $522 million, and adjusted EBITDA of $119 million, down 4%, with portfolio optimization actions cutting sales by about $38 million. The company also issued fiscal 2026 guidance of $1,835 million to $1,905 million in sales and $400 million to $430 million in adjusted EBITDA, and said it received a $103 million tax refund in October.
Key points
- Q4 sales $478 million, down 8% from $522 million; pricing declined 2%
- Q4 adjusted EBITDA $119 million, down 4% from $124 million; adjusted diluted EPS excluding intangibles amortization $1.08 versus $1.26
- Fiscal 2026 guidance: sales $1,835 million to $1,905 million; adjusted EBITDA $400 million to $430 million
- Fiscal 2025 net loss $845 million, including a $706 million goodwill impairment; $103 million tax refund received in October
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.