Ashland Sets Fiscal 2027 Sales and Adjusted EBITDA Outlook

Ashland Inc. set fiscal 2027 sales and adjusted EBITDA ranges and projected up to approximately $140 million in capital spending, laying out its expectations for revenue, profitability and investment.

Sales are expected to range from $1.905 billion to $1.975 billion, while adjusted EBITDA is projected at $405 million to $435 million. Capital expenditures could reach up to approximately $140 million in fiscal 2027.

Ashland estimates that a stronger U.S. dollar will reduce sales by $20 million to $25 million and adjusted EBITDA by $7 million to $10 million.

Modestly higher inventory is expected to weigh on free cash flow conversion. The company projects ongoing free cash flow conversion above 40% of adjusted EBITDA.

At Hopewell, key process improvements and investments are in place, and output is expected to increase roughly 25%.