Sales Climb 9% for Ashland in First Fiscal 2022 Quarter
Ashland reported sales of $512 million for the quarter.
Ashland Global Holdings Inc. has announced its financial results for the first quarter of its 2022 fiscal year, which ended December 31, 2021. Sales were $512 million, up 9% compared to the prior-year period. Strong demand continued across the company’s core, global end markets, despite global logistics challenges limiting the company’s ability to meet all customer demand.
Enhanced pricing across all segments and the addition of an acquisition in the Personal Care business were reportedly strong contributors to the year-over-year sales growth. Approximately $20 million of confirmed orders were delayed from late December into January because of logistics challenges. Foreign currency negatively impacted sales by 1%.