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Ashland Inc   (ASH)
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Price: $110.6700 $-0.23 -0.207%
Day's High: $111.71 Week Perf: -1.05 %
Day's Low: $ 110.90 30 Day Perf: 4.48 %
Volume (M): 8 52 Wk High: $ 112.99
Volume (M$): $ 930 52 Wk Avg: $100.96
Open: $110.83 52 Wk Low: $83.29



 Market Capitalization (Millions $) 5,416
 Shares Outstanding (Millions) 49
 Employees 11,000
 Revenues (TTM) (Millions $) 2,391
 Net Income (TTM) (Millions $) 927
 Cash Flow (TTM) (Millions $) -369
 Capital Exp. (TTM) (Millions $) 113

Ashland Inc
Ashland's businesses are grouped into four industry segments: Performance Materials, Consumer Markets,  Water Technologies, Specialty Ingredients.

APAC performs asphalt and concrete contract construction work, including highway paving and repair, excavation and grading, and bridge construction, and produces asphaltic and ready-mix concrete, crushed stone and other aggregate in the southern and midwestern United States.

Ashland Distribution distributes industrial chemicals and solvents, plastics,  composite materials and fine ingredients in North America and plastics in Europe.  Ashland Distribution also provides environmental services. Ashland Specialty Chemical is focused on two primary chemistries: thermoset and water. It manufactures  and supplies specialty chemical products and services to industries including the automotive, building and construction, foundry, marine, paint, paper, ink, flexible packaging and water treatment industries.

Valvoline is a producer and marketer of premium packaged motor oil and automotive chemicals, including appearance products, antifreeze, filters, rust preventives  and coolants. In addition, Valvoline is engaged in the "fast oil change"  business through outlets operating under the Valvoline Instant Oil Change(R) name.

Marathon Ashland Petroleum LLC ("MAP"), a joint venture with Marathon Oil Company, operates seven refineries with a total crude oil refining capacity  of 935,000 barrels per day. Refined products are distributed through a network of independent and company-owned outlets in the Midwest, the upper Great Plains and the southeastern United States. Marathon Oil Company holds a 62% interest in MAP, and Ashland holds a 38% interest in MAP. Ashland accounts for its investment in MAP using the equity method.


MARKETING

MAP's principal marketing areas for gasoline and distillates include the Midwest,  the upper Great Plains and the southeastern United States.
Gasoline and distillates are sold in 21 states. Gasoline is sold at wholesale primarily to independent marketers, jobbers and chain retailers who resell these products through several thousand retail outlets. MAP also supplies approximately 3,850 jobber-dealer, open-dealer and lessee-dealer locations using the Marathon(R) and Ashland(R) brand names.

Gasoline, distillates and aviation products are also sold to utilities, railroads, river towing companies, commercial fleet operators, airlines and governmental agencies. About one-half of MAP's propane is sold into the home heating markets and the balance is purchased by industrial consumers. Propylene and petrochemicals  are marketed to customers in the chemical industry. Base lube oils, slack wax  and extract are sold throughout the United States. Pitch is also sold domestically,  but approximately 12% of pitch products are exported into growing markets in Canada, Mexico, India, and South America.


MAP markets asphalt through owned and leased terminals located throughout the Midwest and Southeast. The MAP customer base includes approximately 900 asphalt paving contractors, government entities (states, counties, cities and townships) and asphalt roofing shingle manufacturers.

Retail sales of gasoline and diesel fuel are made through MAP's wholly-owned subsidiary, Speedway SuperAmerica LLC ("SSA"). SSA had 1,791 retail  outlets in 9 states in the Midwest which sell petroleum products and convenience store merchandise primarily under the brand names Speedway(R) and SuperAmerica(R).  The retail locations sell a variety of food, merchandise, cigarettes, candy and beverages. Several locations also have on-premises brand-name restaurants.


Pilot Travel Centers LLC ("PTC") is the largest operator of travel centers in the United States with approximately 260 locations in 34 states. The travel centers offer diesel fuel, gasoline and a variety of other services associated with such locations, including on-premises brand-name restaurants.  In February 2003, PTC purchased 60 retail travel centers located in 15 states,  primarily in the Midwest, Southeast and Southwest. Pilot and MAP each own a 50% interest in PTC.

MAP's retail marketing strategy is focused on SSA's Midwest operations, additional growth in the Marathon(R) brand and continued growth for PTC.

COMPETITION

In all its operations, Ashland is subject to intense competition both from  companies in the industries in which it operates and from products of companies in other industries.

The majority of the business for which APAC competes is obtained by competitive  bidding. There are a substantial number of competitors in the markets in which APAC operates and, as a result, all of APAC's goods and services are marketed under highly competitive conditions. Factors which influence APAC's competitiveness  are price, reputation for quality, the availability of aggregate materials,  the geographic location of plants and aggregate materials, machinery and equipment,  knowledge of local market conditions and estimating abilities.

Each of Ashland Distribution's lines of business (chemicals, plastics, ingredients,  composites, and environmental services), competes with national, regional and local companies throughout North America. The plastics distribution business also competes in Europe. Competition within each line of business is based primarily  on price and reliability of supply.

Ashland Specialty Chemical's businesses compete globally in selected niche markets, largely on the basis of technology and service. The number of competitors in the specialty chemical business varies from product to product, and it is not practical to identify such competitors because of the broad range of products and markets served by those products. However, many of Ashland Specialty Chemical's  businesses hold proprietary technology, and Ashland believes it has a leading or strong market position in most of its specialty chemical products. Ashland Specialty Chemical's petrochemicals business is largely a commodities business, with pricing and quality being the most important factors.

Valvoline competes in the highly competitive lubricants business principally through premium products and services, distribution capability, a focused "master" brand strategy, advertising and sales promotion. Some of the major brands of motor oils and lubricants Valvoline competes with internationally are Havoline(R),  Castrol(R), Pennzoil(R) and Quaker State(R). The highly competitive consumer  products car care business is primarily composed of maintenance chemicals, appearance products and tire cleaners. Valvoline competes primarily in this market through  specific product performance benefits, distribution capability and advertising and sales promotion. In the highly competitive "fast oil change" business, Valvoline competes with other leading independent fast lube chains on a national,  regional or local basis, as well as automobile dealers and service stations.  Important competitive factors for Valvoline in the "fast oil change" market include Valvoline's brand recognition; increasing market presence through  VIOC and Valvoline Express Care outlets; as well as quality of service, speed, location, convenience and sales promotion.

MAP competes with a large number of companies to acquire crude oil for refinery  processing and in the distribution and marketing of a full array of petroleum  products.



   Company Address: 8145 Blazer Drive Wilmington 19808 DE
   Company Phone Number: 995-3000   Stock Exchange / Ticker: NYSE ASH
   ASH is expected to report next financial results on February 02, 2023.


Customers Net Income grew by ASH's Customers Net Profit Margin fell to

2.34 %

12.13 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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