Filing Flows › Ashland (ASH) › Q2 FY25
Ashland (ASH) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 1, 2025
Ashland (ASH) reported revenue of $479M for the second quarter fiscal 2025 (Q2 FY25), -17% from a year earlier and +18% from the quarter before. Operating margin was 10.6%, net earnings $31.0M (6.5% of revenue).
Ashland, Q2 FY25: revenue $479M (-17% year over year), operating margin 10.6%, net earnings $31.0M, operating cash flow $9.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $479M | +18% | -17% |
| Gross profit | $147M | +32% | -9% |
| Operating profit | $51.0M | — | +143% |
| Net earnings | $31.0M | — | -74% |
| Operating cash flow | $9.0M | — | -83% |
What changed
Revenue was $479.0M in Q2 FY25, down 17% year over year and up 18% from the previous quarter.
Gross margin was 30.7%, up 2.7 points from a year earlier. Operating profit was $51.0M, a 10.6% margin (up 7.0 points year over year). Operating expenses fell 31% while revenue fell 17%. Net earnings were $31.0M, down 74% year over year. The effective tax rate was 22.5%.
Operating cash flow was $9.0M (down 83% year over year), 29% of net earnings. Non-cash charges added back $60.0M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items used $87.0M. Capital expenditures of $21.0M exceeded it, leaving free cash flow of −$12.0M.
Questions
What was Ashland's revenue in the second quarter fiscal 2025?
Ashland (ASH) reported revenue of $479M for the second quarter fiscal 2025 (Q2 FY25), -17% from a year earlier and +18% from the quarter before.
Was Ashland profitable in the second quarter fiscal 2025?
Operating profit was $51.0M (10.6% of revenue) and net earnings $31.0M.
Source: Ashland 10-Q on SEC EDGAR.