Ashland Reports Strong Demand in 2021 Fiscal Third Quarter
Sales were $637 million, up 11% compared to the prior-year period.
Ashland Global Holdings Inc. recently announced preliminary financial results for the third quarter of its 2021 fiscal year, which ended June 30, 2021. Sales were $637 million, up 11% compared to the prior-year period. Strong demand was partially offset by continued weakness in hand sanitizer ingredients and Avoca. Global supply chain and logistics disruptions also limited the company’s ability to meet all customer demand. Foreign currency favorably impacted sales by 3%.
“As we indicated during our earnings update on June 10, overall demand during the quarter was strong, though global supply-chain challenges continued to impact both sales and costs,” said Guillermo Novo, chairman and CEO. “Sales for our industrial businesses reached pre-pandemic levels and the demand for core consumer products demonstrated continued resilience.