$ASH

ASHLAND INC. (ASH) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Item 1.01. Entry Into a Material Definitive Agreement. On September 24, 2026, Ashland Inc. (the “Company”), Ashland International Receivables Designated Activity Company, a wholly owned subsidiary of the Company and a bankruptcy-remote Irish designated activity company, as seller

Ashland Inc. (ASH) focuses on high-margin, proprietary chemistry, launching Permexa sodium caprate for oral drug formulations. Life Sciences sales grew 11% YoY to $180M in Q3 2026, but total EBITDA slipped 4% due to weaknesses in other segments. The stock trades at a forward P/E of 15.75, with institutional positioning mixed.

Ashland (ASH) reported Q3 sales up 7% YoY to $497M, with Life Sciences growing 11%. Adjusted EBITDA fell 4% to $109M due to cost pressures. The company launched a new high-margin agricultural product, agrimer eco-disperse OD, targeting sustainable markets. Net leverage is at 2.4x EBITDA. Management lowered full-year EPS growth outlook. Shares trade at a forward P/E of 15.75.

Ancora Holdings, a shareholder of H.B. Fuller (NYSE: FUL), sent a letter to the company's board criticizing its underperformance and poor governance, and lack of engagement with Ancora. Ancora is an investment firm offering advisory and management services.

Irving Forest Products, a subsidiary of J.D. Irving, is expanding its Ashland Sawmill in Maine, doubling production capacity to 250 million board feet annually. The $112.9 million project, supported by federal and state tax credits, will create 220 jobs and is expected to strengthen the regional economy. The company and its partners highlight the project's role in supporting rural employment and the forest products industry.

Massachusetts Financial Services Company filed an amended Schedule 13G/A for Ashland Inc., reporting beneficial ownership of 2,037,663 shares, or 4.5% of the outstanding common stock, as of June 30, 2026. The filing states sole voting power over 2,032,989 shares and sole dispositive power over 2,037,663 shares, with no shared voting or dispositive power.

Ashland Inc. (ASH) reaffirmed a quarterly cash dividend of $0.42 per share, payable Sept. 15, 2026, and reported Q3 FY2026 sales of $497 million and net income of $16 million. Ashland also signed a cooperation agreement with Ancora Holdings, adding two independent directors and creating a Capital Allocation Advisory Committee to review investment and cash-return priorities.

Ashland Global Holdings (NYSE:ASH) rose about 5.5% after Bloomberg reported the chemical maker is exploring a potential sale amid takeover interest. Bloomberg said Ashland is working with Citigroup and Lazard and has had contact from firms including Advent, Apollo, and Carlyle, with Standard Industries also interested. Deliberations are ongoing and no deal is assured.

Morgan Stanley raised its price target for Ashland to $78 from $58 and kept an Equalweight rating, according to the note cited in the article. The stock was also mentioned with a separate Deutsche Bank adjustment to $85 from $74, maintaining a Buy rating.

UGI Utilities began replacing natural gas mains in Ashland on Aug. 3, 2026, with work expected to finish by mid-August, affecting several unnamed streets. The project is intended to improve safety and reliability and may allow some residents and businesses to convert to natural gas, according to the company.