Ashland Half-Year Report 2022

Ashland reports financial results for second quarter of fiscal year 2022 consistent with previous update

• Sales of $604 million, up nineteen percent from the prior-year quarter
• Net income (including discontinued operations) of $786 million, or $13.69 per diluted share Income from continuing operations of $38 million, or $0.66 per diluted share
• Adjusted income from continuing operations excluding intangibles amortization expense of $86 million, or $1.50 per diluted share
• Adjusted EBITDA of $163 million Cash flows provided by operating activities of $16 million; ongoing free cash flow2 of $(5) million