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MarketScreener Homepage  >  Equities  >  Nyse  >  Ashland Global Holdings Inc.    ASH

ASHLAND GLOBAL HOLDINGS INC.

(ASH)
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Ashland Global : honored by Henkel for outstanding contribution

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02/03/2020 | 09:12am EDT

Henkel recognized Ashland Global Holdings Inc. (NYSE: ASH) as a top supplier for best-in-class performance in 2019 during the 2020 American Cleaning Institute (ACI) Annual Meeting and Industry Convention, Jan. 27, - Feb. 1, 2020 in Orlando, Florida.

Ashland received second prize in the 'Best Innovation Contributor Laundry & Home Care 2019' for captivates technology that provides visible benefits in Henkel's Power & Pearls hand dishwashing detergents.

Ashland Captivates GL encapsulates are custom-manufactured, spherical matrix particles that are naturally-derived and create novel sensory experiences. The beads are produced using a proprietary technology that creates hydrogel beads from a continuous stream of viscous liquid. The resulting droplets are transformed into solidified beads or pearls using gelation techniques. The mineral pearls, filled with pumice, provide an eye-catching design. They clean grease and starch residues and are more than 99 percent natural.

'Ashland's solvers delivered an innovative solution that adds allure to Henkel's product on the retail shelf with the efficacy that consumers demand,' said Guillermo Novo, chairman and chief executive officer, Ashland.

Ashland was among more than 30 suppliers that were recognized by Henkel.

About Henkel

Henkel operates globally with a well-balanced and diversified portfolio. The company holds leading positions with its three business units in both industrial and consumer businesses thanks to strong brands, innovations and technologies. Henkel Adhesive Technologies is the global leader in the adhesives market - across all industry segments worldwide. In its Laundry & Home Care and Beauty Care businesses, Henkel holds leading positions in many markets and categories around the world. Founded in 1876, Henkel looks back on more than 140 years of success. In 2018, Henkel reported sales of around 20 billion euros and adjusted operating profit of around 3.5 billion euros. Henkel employs more than 53,000 people globally - a passionate and highly diverse team, united by a strong company culture, a common purpose to create sustainable value, and shared values. As a recognized leader in sustainability, Henkel holds top positions in many international indices and rankings.

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.

Contact:

Tel: +1 (302) 594-5010

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ASHLAND GLOBAL HOLDINGS INC. -1.88% 50.51 Delayed Quote.-34.00%
HENKEL AG & CO. KGAA -0.36% 71.64 Delayed Quote.-22.30%
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Financials (USD)
Sales 2020 2 378 M
EBIT 2020 248 M
Net income 2020 160 M
Debt 2020 1 350 M
Yield 2020 2,28%
P/E ratio 2020 19,2x
P/E ratio 2021 16,1x
EV / Sales2020 1,85x
EV / Sales2021 1,73x
Capitalization 3 043 M
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Mean consensus BUY
Number of Analysts 11
Average target price 75,00  $
Last Close Price 50,51  $
Spread / Highest target 86,1%
Spread / Average Target 48,5%
Spread / Lowest Target -4,97%
EPS Revisions
Managers
NameTitle
Guillermo Novo Chairman & Chief Executive Officer
Keith C. Silverman Senior VP-Global Operations & Quality
J. Kevin Willis Chief Financial Officer & Senior Vice President
Anne T. Schumann Chief HR & IT Officer, Senior Vice President
Osama M. Musa Chief Technology Officer & Senior Vice President
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