English

首页 > 新闻中心

亚什兰公布2020财年第二季度收益和新冠肺炎影响的最新信息

发布时间:2020-04-28

美国特拉华州威尔明顿,2020年4月16日——亚什兰集团(纽约证交所:ASH)今日公布了2020财年第二季度初步财务业绩以及应对新冠肺炎大流行的方案。第二财季亚什兰财务状况良好。证券分析师电话会议网络直播将于2020年5月6日举行,届时将分享有关第二财季财务收益的更多信息。

 

2020财年第二季度初步财务业绩

尽管新冠肺炎大流行为全球宏观经济带来了不确定性,亚什兰各项业务在第二财季表现良好。销售额约为6.1亿美元,同比下降9%,其中一半左右的销售额下滑源于Pharmachem业务和口腔护理业务(先前已报道过该业务上年度业绩下滑情况)。第二财季的整体业绩凸显了亚什兰产品及所服务市场应对危机的防御能力。我们并未遭遇需求锐减,这与我们在过去经济低迷期的表现一致。

 

亚什兰预计,第二财季持续经营业务的亏损近5.8亿美元,即摊薄后每股亏损约9.56美元,损失主要来自当季业务部门重组后的商誉减值支出。持续经营业务的调整后收益预计约为5,200万美元,即摊薄后每股收益0.84美元,其中有效税率约为18%。预计净亏损(包括停产业务)近5.87亿美元。调整后息税折旧摊销前利润(EBITDA)预计约为1.42亿美元。

 

亚什兰集团董事会主席及首席执行官Guillermo Novo表示:“亚什兰有能力应对全球疫情带来的经营和财务挑战。我们的首要任务是保障员工的健康和安全,并持续向我们服务的关键行业客户提供产品。自一月份危机开始以来,我们已经部署了全球和区域事故管理响应计划及团队,制订了覆盖所有经营业务的重要新安全协议。我们还将采取更广泛的行动,进一步防止新冠病毒的扩散,包括限制国内和国际旅行以及安排员工居家办公等。”

 

Novo还表示:“我们深知,能否保障供应对各行各业的客户来说至关重要。许多政府机构都将我们视为不可或缺的供应商。由于我们团队的快速反应和积极管理,目前亚什兰的全球生产设施和供应链能力并未受到重大影响,我们有能力继续为客户提供可靠的技术服务和解决方案。”

 

疫情的迅速发展给全球未来的供需动态带来了极大的不确定性。疫情对亚什兰业务的影响程度和持续时间仍是未知数。我们正在评估今年余下时间里,疫情以及各国政府的应对政策对我们财务业绩产生的潜在影响,并将在第二财季的收益电话会议上公布相关信息。

 

财务状况良好,注重现金流量


截至第二财季末,亚什兰的资产负债表和现金状况依然良好,流动性充足,现金流稳定。

 

“在当前高度不确定的宏观环境中,我们深知现金和流动性的重要意义。除了减少营运资金、资本支出,降低运营成本外,我们还将密切监控业务绩效,以便继续创造强劲的自由现金流。”Novo补充道,“我们正在调整生产情况,适应每项业务当前的需求预期,并重新平衡高库存水平。这些行动将改善我们的现金状况,但在短期内会对固定成本分摊产生负面影响。”

 

Novo总结道:“亚什兰很快就适应了当前充满变数和挑战的环境。我们期望化险为夷,成功应对疫情带来的挑战。我相信,亚什兰的高价值技术,在关键行业的市场领先地位,加上深厚的客户关系,能使我们在接下来的复苏中抓住新机遇。我要感谢整个亚什兰团队的奉献,感谢大家坚守对彼此、对客户以及对所在社区的承诺。”

 

充足的流动性:在第二财季末,可用流动资金超过10亿美元,包括约3.5亿美元的现金、循环信贷额度及其他长期投资。6亿美元循环信贷授信的剩余额度约为2.5亿美元。

现金流弹性:在第二财季末,亚什兰的现金状况良好。我们正在积极行动,进一步保障自由现金流。我们正积极管理经营成本,减少净营运资本,致力将2020财年的计划资本支出在1.75亿美元的基础上至少削减2,000万至2,500万美元。

有限债务:亚什兰的资产负债表状况良好,在2022年8月之前,并无与定期贷款、循环信贷授信或债券相关的重大到期日。截至2020年3月31日,净债务为17亿美元。信贷协议只包括杠杆契约和利息偿付契约,预计不会影响我们视需使用全部循环信贷额度的能力。

股息派发承诺:亚什兰于2019年5月将季度股息提高了10%,并于2020年3月15日支付了最新股息。我们计划将股息保持在每季度每股至少0.275美元。

股份回购:亚什兰拥有8亿美元的股份回购授权。在目前的金融环境下,我们并无使用股份回购授权的计划。

 

上述内容基于本新闻稿发布时可获得的资料,均为初步信息,实际结果可能有所不同。亚什兰计划在2020年5月6日举行的电话会议网络直播中,发布第二财季财务业绩和财务预期的最新信息。

 

电话会议网络直播

亚什兰计划于2020年5月5日美国东部时间下午5点左右公布第二财季收益情况。证券分析师会议网络直播将于2020年5月6日美国东部时间上午9点进行,直播内容包括综合业绩报告和详细评论。相关幻灯演示稿也将同步发布于亚什兰网站的“投资者关系”板块(http://investor.ashland.com

 

参与网络直播会议的嘉宾包括:

o Guillermo Novo,董事会主席及首席执行官;

o Kevin Willis,高级副总裁及首席财务官;

o Seth Mrozek,投资者关系总监。

 

您可以通过亚什兰网站的“投资者关系”板块(http://investor.ashland.com)找到本次网络直播会议的入口并查阅相关资料。在直播结束后12个月内,可在亚什兰网站获取网络直播及相关资料的存档版本。

 

Use of Non-GAAP Measures
Ashland believes that by removing the impact of depreciation and amortization and excluding certain non-cash charges, amounts spent on interest and taxes and certain other charges that are highly variable from year to year, adjusted EBITDA provides Ashland’s investors with performance measures that reflect the impact to operations from trends in changes in sales, margin and operating expenses, providing a perspective not immediately apparent from net income. The adjustments Ashland makes to derive the non-GAAP measure of adjusted EBITDA exclude items which may cause short-term fluctuations in net income and which Ashland does not consider to be the fundamental attributes or primary drivers of its business. Adjusted EBITDA provides disclosure on the same basis as that used by Ashland’s management to evaluate financial performance on a consolidated and reportable segment basis and provide consistency in our financial reporting, facilitate internal and external comparisons of Ashland’s historical operating performance and its business units and provide continuity to investors for comparability purposes.

Key items, which are set forth on Table 2 accompanying this release, are defined as financial effects from significant transactions that, either by their nature or amount, have caused short-term fluctuations in net income and/or operating income which Ashland does not consider to most accurately reflect Ashland’s underlying business performance and trends.  Further, Ashland believes that providing supplemental information that excludes the financial effects of these items in the financial results will enhance the investor’s ability to compare financial performance between reporting periods.

Tax-specific key items, which are set forth on Table 2 accompanying this release, are defined as financial transactions, tax law changes or other matters that fall within the definition of key items as described above.  These items relate solely to tax matters and would only be recorded within the income tax caption of the Statement of Consolidated Income.  As with all key items, due to their nature, Ashland does not consider the financial effects of these tax-specific key items on net income to be the most accurate reflection of Ashland’s underlying business performance and trends.

Adjusted diluted earnings per share is a performance measure used by Ashland and is defined by Ashland as earnings (loss) from continuing operations, adjusted for identified key items and divided by the number of outstanding diluted shares of common stock.  Ashland believes this measure provides investors additional insights into operational performance by providing earnings and diluted earnings per share metrics that exclude the effect of the identified key items and tax specific key items.

About Ashland 
Ashland Global Holdings Inc. (NYSE: ASH) is a premier global specialty materials company serving customers in a wide range of consumer and industrial markets, including adhesives, architectural coatings, automotive, construction, energy, food and beverage, nutraceuticals, personal care and pharmaceutical. At Ashland, we are approximately 4,700 passionate, tenacious solvers – from renowned scientists and research chemists to talented engineers and plant operators – who thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries. Visit ashland.com to learn more. 

Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Ashland has identified some of these forward-looking statements with words such as “anticipates,” “believes,” “expects,” “estimates,” “is likely,” “predicts,” “projects,” “forecasts,” “objectives,” “may,” “will,” “should,” “plans” and “intends” and the negative of these words or other comparable terminology. Ashland may from time to time make forward-looking statements in its annual reports, quarterly reports and other filings with the SEC, news releases and other written and oral communications. These forward-looking statements are based on Ashland’s expectations and assumptions, as of the date such statements are made, regarding Ashland’s future operating performance, financial condition and expected effects of the COVID-19 pandemic on Ashland’s business, operating cash flow and liquidity, as well as the economy and other future events or circumstances. These statements include but may not be limited to Ashland’s expectations regarding its ability to drive sales and earnings growth and realize further cost reductions.

Ashland’s expectations and assumptions include, without limitation, internal forecasts and analyses of current and future market conditions and trends, management plans and strategies, operating efficiencies and economic conditions (such as prices, supply and demand, cost of raw materials, and the ability to recover raw-material cost increases through price increases), and risks and uncertainties associated with the following: the impact of acquisitions and/or divestitures Ashland has made or may make (including the possibility that Ashland may not realize the anticipated benefits from such transactions); Ashland’s substantial indebtedness (including the possibility that such indebtedness and related restrictive covenants may adversely affect Ashland’s future cash flows, results of operations, financial condition and its ability to repay debt); severe weather, natural disasters, public health crises (including the current COVID-19 pandemic), cyber events and legal proceedings and claims (including product recalls, environmental and asbestos matters); the effects of the COVID-19 pandemic on the geographies in which we operate, the end markets we serve and on our supply chain and customers, and without limitation, risks and uncertainties affecting Ashland that are described in Ashland’s most recent Form 10-K (including Item 1A Risk Factors) filed with the SEC, which is available on Ashland’s website at http://investor.ashland.com or on the SEC’s website at http://www.sec.gov. Various risks and uncertainties may cause actual results to differ materially from those stated, projected or implied by any forward-looking statements. The extent and duration of the COVID-19 pandemic on our business and operations is uncertain. Factors that will influence the impact on our business and operations include the duration and extent of the pandemic, the extent of imposed or recommended containment and mitigation measures, and the general economic consequences of the pandemic. Ashland believes its expectations and assumptions are reasonable, but there can be no assurance that the expectations reflected herein will be achieved. Unless legally required, Ashland undertakes no obligation to update any forward-looking statements made in this news release whether as a result of new information, future events or otherwise.

1Financial results are preliminary until Ashland’s Form 10-Q is filed with the SEC.

™ Trademark, Ashland or its subsidiaries, registered in various countries.

FOR FURTHER INFORMATION:

Investor Relations:                                      Media Relations:
Seth A. Mrozek                                           Carolmarie C. Brown
+1 (302) 594-5010                                     +1 (302) 995-3158
mailto:samrozek@ashland.com                 mailto:cbrown@ashland.com