The company reports that demand trends improved throughout the year following the onset of the global pandemic in fiscal year 2020.
Ashland Global Holdings Inc. recently announced financial results for its fourth quarter and 2021 fiscal year, which ended September 30, 2021. Sales for the year were $2.1 billion, up 5% compared to the prior fiscal year. The company reports that demand trends improved throughout the year following the onset of the global pandemic in fiscal year 2020. Sales growth was driven primarily by improved demand, enhanced pricing, and the contribution of the Schülke & Mayr acquisition. Foreign currency favorably impacted sales by 2%.
“As we indicated with our earnings update on November 1, overall demand during the quarter was strong and the team executed at a high level in the face of continued global supply-chain challenges,” said Guillermo Novo, chairman and CEO. “Because of these efforts, we were able to achieve sales and earnings results that were consistent with the outlook we had communicated earlier in the fiscal year.