Ashland executives on the Q3 2026 earnings call included CEO Guillermo Novo, interim CFO William Whitaker, plus segment leaders Alessandra Faccin Assis, James Minicucci, and Dago Caceres.
Q3 sales were $497 million, up 7%; adjusted EBITDA was $109 million versus $113 million; ongoing free cash flow was $103 million.
The company reaffirmed FY2026 guidance: sales of $1.835 billion to $1.87 billion; adjusted EBITDA of $385 million to $400 million; and free cash flow conversion above 50%.
Adjusted EPS outlook was cut to low-to-mid single-digit growth from mid-to-high, citing a higher tax rate from unfavorable discrete items.
Management flagged about 200 bps of margin lost this year from operational disruptions; inventory drawdown of about $80 million reduced EBITDA by $30 million to $35 million.
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