0001305014-11-000023.txt : 20110322 0001305014-11-000023.hdr.sgml : 20110322 20110322080320 ACCESSION NUMBER: 0001305014-11-000023 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 21 CONFORMED PERIOD OF REPORT: 20110322 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110322 DATE AS OF CHANGE: 20110322 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ASHLAND INC. CENTRAL INDEX KEY: 0001305014 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-CHEMICALS & ALLIED PRODUCTS [5160] IRS NUMBER: 200865835 STATE OF INCORPORATION: KY FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32532 FILM NUMBER: 11702669 BUSINESS ADDRESS: STREET 1: 50 EAST RIVERCENTER BLVD., 16TH FLOOR CITY: COVINGTON STATE: KY ZIP: 41012 BUSINESS PHONE: 859-815-3483 MAIL ADDRESS: STREET 1: 50 EAST RIVERCENTER BLVD., 16TH FLOOR CITY: COVINGTON STATE: KY ZIP: 41012 FORMER COMPANY: FORMER CONFORMED NAME: New EXM Inc. DATE OF NAME CHANGE: 20041004 8-K 1 form8k.htm FORM 8-K ASHLAND INC. BUSINESS FUNDAMENTALS form8k.htm
 

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
 
______________
 
 
FORM 8-K
 
______________
 
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
 
Date of report (Date of earliest event reported):  March 22, 2011
 
 
ASHLAND INC.
(Exact name of registrant as specified in its charter)

 
 
Kentucky
(State or other jurisdiction of incorporation)
 
 

 
  1-32532     20-0865835  
  (Commission File Number)      (I.R.S. Employer Identification No.)  
         
 
                                                                            
50 E. RiverCenter Boulevard
P.O. Box 391
Covington, Kentucky  41012-0391
Registrant’s telephone number, including area code (859) 815-3333
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
 
 
[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
[  ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
[  ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) 
 
 


 
 
 
 
Item 7.01.  Regulation FD Disclosure
 
On March 22, 2011, Ashland Inc. will include the information contained in exhibits 99.1-99.18, and graphic images thereof, on the “Investor Center” section of its website located at http://investor.ashland.com, or in employee communications.
 
Ashland is furnishing the information pursuant to the Securities and Exchange Commission’s (“SEC”) Regulation FD. The information contained in exhibits 99.1-99.17 is summary information concerning key metrics for Ashland’s operating segments.  The information contained in exhibit 99.18 is summary information concerning certain working capital components, expressed as a percentage of annualized sales for Ashland on a monthly basis for February 2011, as used for certain internal measurement purposes.  The information is intended to be considered in the context of Ashland’s SEC filings and other public announcements that Ashland may make from time to time.
 
By filing this report on Form 8-K, Ashland makes no admission as to the materiality of any information in this report. Ashland reserves the right to discontinue the availability of the data in the attached exhibits.
 
 
 
 
-2-

 
 
 
 
 
 
Item 9.01.  Financial Statements and Exhibits
 
(d)   Exhibits
99.1
Website data concerning Ashland Aqualon Functional Ingredients’ average sales per shipping day
99.2
Website data concerning Ashland Aqualon Functional Ingredients’ sales
99.3  Website data concerning Ashland Aqualon Functional Ingredients’ volume in metric tons 
99.4
Website data concerning Ashland Hercules Water Technologies’ average sales per shipping day
99.5
Website data concerning Ashland Hercules Water Technologies’ sales
99.6
Website data concerning Ashland Hercules Water Technologies’ gross profit
99.7
Website data concerning Ashland Performance Materials’ average sales per shipping day
99.8
Website data concerning Ashland Performance Materials’ sales
99.9
Website data concerning Ashland Performance Materials’ gross profit
99.10
Website data concerning Ashland Consumer Markets’ (Valvoline’s) premium lubricants % of branded volume
99.11
Website data concerning Ashland Consumer Markets’ (Valvoline’s) sales
99.12
Website data concerning Ashland Consumer Markets’ (Valvoline’s) gross profit
99.13
Website data concerning Ashland Consumer Markets’ (Valvoline’s) lubricant sales gallons
99.14
Website data concerning Valvoline Instant Oil Change’s twelve month rolling average sales
99.15
Website data concerning Ashland Distribution’s average sales per shipping day
99.16 Website data concerning Ashland Distribution’s sales
99.17 Website data concerning Ashland Distribution’s gross profit 
99.18
Website data concerning Ashland Inc.’s operating segment trade working capital


 
 
 
-3-
 
 
 
SIGNATURES
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
ASHLAND INC.
 
(Registrant)
   
   
March 22, 2011
/s/ David L. Hausrath
 
David L. Hausrath
 
Senior Vice President and
General Counsel
 
 
-4-
 
 
 
 
 
EXHIBIT INDEX
 
 
99.1
Website data concerning Ashland Aqualon Functional Ingredients’ average sales per shipping day
99.2
Website data concerning Ashland Aqualon Functional Ingredients’ sales
99.3  Website data concerning Ashland Aqualon Functional Ingredients’ volume in metric tons
99.4
Website data concerning Ashland Hercules Water Technologies’ average sales per shipping day
99.5
Website data concerning Ashland Hercules Water Technologies’ sales
99.6
Website data concerning Ashland Hercules Water Technologies’ gross profit
99.7
Website data concerning Ashland Performance Materials’ average sales per shipping day
99.8
Website data concerning Ashland Performance Materials’ sales
99.9
Website data concerning Ashland Performance Materials’ gross profit
99.10
Website data concerning Ashland Consumer Markets’ (Valvoline’s) premium lubricants % of branded volume
99.11
Website data concerning Ashland Consumer Markets’ (Valvoline’s) sales
99.12
Website data concerning Ashland Consumer Markets’ (Valvoline’s) gross profit
99.13
Website data concerning Ashland Consumer Markets’ (Valvoline’s) lubricant sales gallons
99.14
Website data concerning Valvoline Instant Oil Change’s twelve month rolling average sales
99.15
Website data concerning Ashland Distribution’s average sales per shipping day
99.16 Website data concerning Ashland Distribution’s sales
99.17 Website data concerning Ashland Distribution’s gross profit 
99.18
Website data concerning Ashland Inc.’s operating segment trade working capital
 
 
-5-
EX-99.1 2 ex99-1.htm ASHLAND AQUALON FUNCTIONAL INGREDIENTS AVERAGE SALES PER SHIPPING DAY ex99-1.htm
 
Exhibit 99.1
 (Text of graph posted to Ashland Inc.'s website concerning
Ashland Aqualon Functional Ingredients average sales per shipping day)
 
Average Sales per Shipping Day ($ in millions)*
 
           
 
2007
2008 2009  2010  2011 
January
2.851
3.208 2.864  3.743  3.814 
February
4.005
4.093 3.616 
3.387 
4.072 
March
3.465
4.945 4.112  4.240   
April
4.050
4.048 3.125  2.673   
May
3.690
4.610
3.740  3.945   
June
4.686
5.558
4.197  4.176   
July
3.739
3.531
3.056  3.269   
August
3.748
4.715
3.768  3.533   
September
4.868
5.343
4.299  4.412   
October
3.164
3.125
3.055  3.249   
November
4.466
4.404 3.850  3.419   
December
4.560
3.817 3.289  3.771   
 
*NOTE:  Information from October 2008 and prior represent the pre-acquisition operations of Hercules' Aqualon Group acquired on November 13, 2008.
 
EX-99.2 3 ex99-2.htm ASHLAND AQUALON FUNCTIONAL INGREDIENTS SALES ex99-2.htm
 
Exhibit 99.2
(Text of graph posted to Ashland Inc.'s website concerning
 Ashland Aqualon Functional Ingredients sales)
 
Monthly Sales ($ in millions)*
         
           
 
2007
2008 2009 2010 2011 
January
62.7
70.6  60.1 74.9  76.3 
February
80.1
86.0  72.3 67.7  81.4 
March
76.2
98.9  90.5   97.5   
April
81.0
89.1  65.6 56.1   
May
81.2
96.8  74.8 78.9   
June
98.4
116.7 
 92.3 91.9   
July
78.5
77.7 
 67.2 68.6   
August
86.2
99.0 
 79.1 77.7   
September
92.5
 112.2 
 90.3 92.7   
October
 72.8
71.9 
 67.2 68.2   
November
89.3
79.3  73.2 68.4   
December
86.6
80.1  69.1 79.2   

 
12 Month Rolling Average ($ in millions)*
         
           
 
2007
2008 2009 2010 2011
January
74.3
82.8  89.0 76.4  76.9 
February
75.2
83.3  87.8 76.0  78.1 
March
75.5
85.2  87.1 76.6   
April
76.7
87.1  85.2 75.8   
May
76.7
87.1  83.4 76.1   
June
77.7
88.7 
 81.3 76.1   
July
 77.5
 88.6 
 80.5 76.2   
August
78.7
89.7 
 78.8 76.1   
September
 79.2
91.3 
77.0 76.3   
October
79.6
91.2 
 76.6 76.4   
November
81.2
90.4  76.0 76.0   
December
82.1
89.9  75.1 76.8   

*NOTE:  Information from October 2008 and prior represent the pre-acquisition operations of Hercules' Aqualon Group acquired on November 13, 2008.  The 12 month rolling sales average will continue to include pre-acquisition results through November 2009.
 
EX-99.3 4 ex99-3.htm ASHLAND AQUALON FUNCTIONAL INGREDIENTS VOLUME IN METRIC TONS ex99-3.htm
 
Exhibit 99.3
(Text of graph posted to Ashland Inc.'s website concerning
 Ashland Aqualon Functional Ingredients volume in metric tons)
 
Metric Tons (in thousands)*
       
           
 
2007
2008 2009 2010 2011
January
12.8
13.7 11.3 13.0 12.0 
February
15.4
16.5 13.7 11.4 12.8 
March
14.5
18.4 21.4 17.5  
April
15.9
16.8 11.8 10.4  
May
16.2
18.0 13.4 14.6  
June
19.3
21.7
 16.0 16.5  
July
16.0
15.1
 12.2 12.5  
August
18.1
17.9
 14.6 13.8  
September
18.7
20.2
 15.2 16.5  
October
14.5
13.3
 12.4 12.5  
November
18.3
15.2 12.8 11.8  
December
17.2
15.8 12.2 14.2  

 
12 Month Rolling Average (in thousands)*
         
           
 
2007
2008 2009 2010 2011
January
15.2
16.5 16.7 14.1 13.6 
February
15.4
16.6 16.4 13.9 13.8 
March
15.3
16.9 16.7 13.6  
April
15.5
17.1 16.3 13.4  
May
15.5
17.1 15.9 13.5  
June
15.6
17.3
 15.4 13.6  
July
 15.5
 17.3
 15.2 13.6  
August
15.8
17.2
 14.9 13.5  
September
 15.9
17.4
 14.5 13.6  
October
15.9
17.3
 14.4 13.6  
November
16.3
17.0 14.2 13.6  
December
16.4
16.9 13.9 13.7  

*NOTE:  Information from October 2008 and prior represent the pre-acquisition operations of Hercules' Aqualon Group acquired on November 13, 2008.  The 12 month rolling average will continue to include pre-acquisition results through November 2009. 
 
EX-99.4 5 ex99-4.htm ASHLAND HERCULES WATER TECHNOLOGIES AVERAGE SALES PER SHIPPING DAY ex99-4.htm
 
Exhibit 99.4
(Text of graph posted to Ashland Inc.'s website concerning
 Ashland Hercules Water Technologies average sales per shipping day)
 
Average Sales per Shipping Day ($ in millions)*
       
           
 
2007
2008 2009 2010 2011
January
3.038
3.351 7.014 7.320 7.599 
February
3.064
3.403 7.206 7.106 7.403 
March
2.797
3.613 6.422 6.967  
April
3.299
3.767 6.945 6.121  
May
3.079
3.662 7.075 7.146  
June
3.193
4.022
6.959 7.255  
July
 3.238
 3.720
 7.260 7.266  
August
 4.209
3.251
 7.203 6.794  
September
 4.420
3.598
 7.314  7.630  
October
 3.077
3.090
 6.737 6.843  
November
3.467
5.994
7.911 7.633  
December
 3.445
 6.640 6.895 7.347  
 
*NOTE:  Information from October 2008 and prior does not include the Paper Technologies and Ventures operations of Hercules acquired on November 13, 2008.  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website. 
EX-99.5 6 ex99-5.htm ASHLAND HERCULES WATER TECHNOLOGIES SALES ex99-5.htm
 
Exhibit 99.5
(Text of graph posted to Ashland Inc.'s website concerning
 Ashland Hercules Water Technologies sales)
 
Monthly Sales ($ in millions)*
         
           
 
2007
2008 2009  2010 2011
January
66.8
73.7  147.3  146.4 151.9 
February
61.3
71.5  144.1  142.1 148.1 
March
61.5
72.3  141.3  160.2  
April
66.0
82.9  145.8  128.5  
May
67.7
76.9  141.5  142.9  
June
67.1
 84.5 
148.8  159.6  
July
 68.0
 81.8 
 159.7  152.6  
August
 96.8
68.3 
 151.3  149.5  
September
 84.0
 75.6 
 153.6   160.2  
October
 70.8
71.1 
 148.2  143.7  
November
69.3
107.9  150.3  152.7  
December
 65.4
139.4  144.8  154.3  

 
12 Month Rolling Average ($ in millions)*
         
            
 
2007
2008 2009  2010 2011
January
51.4
71.0  89.9  148.1 149.9 
February
53.8
71.8  96.0  147.9 150.4 
March
56.1
72.7  101.8  149.4  
April
58.5
74.1  107.0  148.0  
May
61.3
74.9  112.4  148.1  
June
63.4
76.3 
117.7  149.0  
July
 64.0
 77.5 
 124.2  148.4  
August
 66.7
75.1 
 131.1  148.2  
September
 68.2
74.4 
 137.7   148.8  
October
 69.1
74.4 
 144.2  148.4  
November
70.2
77.7  147.6  148.6  
December
 70.4
83.8  148.1  149.4  

*NOTE:  Information from October 2008 and prior does not include the Paper Technologies and Ventures operations of Hercules acquired on November 13, 2008.  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website. 
 
EX-99.6 7 ex99-6.htm ASHLAND HERCULES WATER TECHNOLOGIES GROSS PROFIT ex99-6.htm
 
Exhibit 99.6
(Text of graph posted to Ashland Inc.'s website concerning
 Ashland Hercules Water Technologies gross profit)
 
3 Month Rolling Average (%)*
         
            
 
2007
2008 2009 2010 2011
January
39.1
38.1 30.5 36.2 31.6 
February
38.4
36.4 31.6 35.9 30.5 
March
38.8
37.3 32.6 34.5  
April
39.6
36.9 34.6 35.0  
May
39.6
37.8 36.3 33.5  
June
38.2
 37.2
 34.7 33.7  
July
 39.3
 37.1
 35.7 32.8  
August
 39.0
 36.2
 34.8 32.8  
September
 39.7
32.9
 36.7  31.7  
October
 39.0
 33.0
 36.1 30.8  
November
39.8
31.5 36.0 31.2  
December
 39.3
32.5 36.6 31.6  
 

12 Month Rolling Average (%)*
         
            
 
2007
2008 2009 2010 2011
January
41.0
39.0 34.0 35.6 32.5 
February
40.5
38.7 33.1 35.8 32.0 
March
40.2
38.6 33.0 35.6  
April
39.8
38.3 33.0 35.7  
May
39.4
38.3 33.2 35.1  
June
38.9
 38.4
 32.7 35.4  
July
 39.2
 37.8
 33.2 35.0  
August
 39.2
37.5
 33.3 34.6  
September
 39.2
36.7
 33.9  34.1  
October
 39.3
 36.3
 33.9 33.7  
November
39.2
35.3 34.7 33.4  
December
 39.0
34.8 35.2 32.8  

*NOTE:  Information from October 2008 and prior does not include the Paper Technologies and Ventures operations of Hercules acquired on November 13, 2008.  The calculated gross profit percentages for November and December of 2008 exclude the impact of purchase accounting inventory step-up adjustments.  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website. 
 
EX-99.7 8 ex99-7.htm ASHLAND PERFORMANCE MATERIALS AVERAGE SALES PER SHIPPING DAY ex99-7.htm
 
Exhibit 99.7
(Text of graph posted to Ashland Inc.'s website concerning
 Ashland Performance Materials average sales per shipping day)
 
Average Sales per Shipping Day ($ in millions)*#
       
           
 
2007
2008 2009 2010 2011
January
6.061
6.040  4.403 4.901 5.212 
February
5.593
6.446  4.042 4.856 5.113 
March
5.965
6.494  3.896 4.746  
April
6.637
6.552  3.966 5.659  
May
6.112
6.741  4.024 5.718  
June
6.313
6.612 
 4.176 5.604  
July
 6.073
6.889 
 4.058 5.388  
August
 6.642
6.254 
 3.822 5.078  
September
 8.307
6.867 
 4.673  6.119  
October
 5.968
6.074 
 4.505 5.585  
November
6.642
5.872  4.902 6.075  
December
 5.318
3.738  3.764 4.129  

*NOTE:  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website. 
 
#NOTE:  On November 30, 2010, the Castings Solutions business was contributed into an expanded joint venture with Süd-Chemie and is no longer reflected in these numbers from December 2010 moving forward. 
 
EX-99.8 9 ex99-8.htm ASHLAND PERFORMANCE MATERIALS SALES ex99-8.htm
 
Exhibit 99.8
(Text of graph posted to Ashland Inc.'s website concerning
 Ashland Performance Materials sales)
 
Monthly Sales ($ in millions)*#
         
           
 
2007
2008 2009 2010 2011 
January
133.3
132.9  92.5 98.0 104.3 
February
111.6
135.4  80.8 97.1 102.2 
March
131.2
129.9  85.7 109.1  
April
132.7
144.2  83.3 118.8  
May
134.5
141.6  80.5 114.4  
June
132.6
138.9 
 91.8 123.3  
July
 127.5
151.6 
 89.3 113.1  
August
 152.8
131.3 
 80.3 111.7  
September
 157.8
144.2 
 98.1  128.5  
October
 137.3
139.7 
 99.1 117.3  
November
132.8
105.7  93.2 121.5  
December
 101.0
78.5  79.0 86.7  
 
 
12 Month Rolling Average ($ in millions)*#
         
            
 
2007
2008 2009 2010 2011 
January
121.9
132.1  127.8 88.3 112.2 
February
121.5
134.0  123.2 89.6 112.6 
March
122.4
133.9  119.6 91.6  
April
123.8
134.9  114.5 94.5  
May
124.6
135.5  109.4 97.4  
June
125.0
136.0 
 105.5 100.0  
July
 125.8
 138.0 
 100.3 102.0  
August
 128.0
136.2 
 96.0 104.6  
September
 131.7
135.1 
 92.2  107.1  
October
 132.1
135.3 
 88.8 108.6  
November
132.9
133.0  87.8 111.0  
December
 132.1
131.1  87.8 111.6  

*NOTE:  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website. 
 
#NOTE:  On November 30, 2010, the Castings Solutions business was contributed into an expanded joint venture with Süd-Chemie and is no longer reflected in these numbers from December 2010 moving forward. 
EX-99.9 10 ex99-9.htm ASHLAND PERFORMANCE MATERIALS GROSS PROFIT ex99-9.htm
 
Exhibit 99.9
(Text of graph posted to Ashland Inc.'s website concerning
 Ashland Performance Materials gross profit)
 
3 Month Rolling Average (%)*#
         
            
 
2007
2008 2009 2010 2011 
January
20.5
17.3  17.1 16.5 13.0 
February
19.7
17.1  17.9 16.2 10.9 
March
20.5
18.1  19.5 16.5  
April
21.0
18.5  19.0 16.8  
May
21.4
18.1  18.0 16.6  
June
21.9
 17.5  16.9 16.7  
July
 21.2
 16.1 
 17.4 16.9  
August
 20.1
14.6 
 17.0 17.9  
September
 18.1
 14.6 
 16.0  12.8  
October
 18.4
 14.8 
 16.7 12.6  
November
18.7
16.1  17.8 11.5  
December
 18.2
15.9  18.4 14.6  

 
12 Month Rolling Average (%)*#
         
           
 
2007
2008 2009 2010 2011 
January
22.2
19.4  16.6 17.4 14.8 
February
21.9
19.4  16.5 17.2 14.3 
March
21.7
19.1  16.6 16.9  
April
21.6
18.9  16.5 16.9  
May
21.2
18.5  16.3 16.9  
June
21.0
18.0 
 16.4 16.9  
July
 20.8
 17.6 
 16.8 16.8  
August
 20.5
17.1 
 17.1 17.1  
September
 20.3
17.0 
 17.0  16.0  
October
 20.2
16.7 
 17.5 15.6  
November
20.0
16.5  17.7 15.4  
December
 19.6
16.6  17.7 15.1  
 
 
*NOTE:  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website. 
 
#NOTE:  On November 30, 2010, the Castings Solutions business was contributed into an expanded joint venture with Süd-Chemie and is no longer reflected in these numbers from December 2010 moving forward. 
 
EX-99.10 11 ex99-10.htm ASHLAND CONSUMER MARKETS (VALVOLINE) PREMIUM LUBRICANTS % OF BRANDED VOLUME ex99-10.htm
 
Exhibit 99.10
(Text of graph posted to Ashland Inc.'s website concerning
 Ashland Consumer Markets (Valvoline) premium lubricants % of branded volume)
 
Premium Lubricants % of  Branded Volume
         
           
 
2007
2008
 2009 2010 2011 
January
24.1
25.3 27.6 31.1 31.1 
February
21.5
25.7 27.6 28.8 31.9 
March
24.3
26.0 31.3 29.2  
April
24.0
23.0 27.7 30.7  
May
26.3
26.3 28.4 28.1  
June
 23.2
 25.6
 30.4 31.5  
July
 22.2
 23.6
 27.2 32.1  
August
 24.8
27.6
 27.4 30.5  
September
 23.9
27.5
 26.7 28.8  
October
 23.6
 26.9
 28.1 29.5  
November
23.4
27.0 26.4 31.1  
December
 21.8
27.4 30.0 30.0  
 
 
EX-99.11 12 ex99-11.htm ASHLAND CONSUMER MARKETS (VALVOLINE) SALES ex99-11.htm
 
Exhibit 99.11
(Text of graph posted to Ashland Inc.'s website concerning
Ashland Consumer Markets (Valvoline) sales)
 
Monthly Sales ($ in millions)*
         
            
 
2007
2008
 2009 2010 2011 
January
122.8
135.7 128.6 129.0 146.2 
February
122.3
127.4 127.3 133.9 139.3 
March
137.3
137.5 151.6 167.3  
April
135.2
154.1 144.4 151.3  
May
133.2
130.8 133.9 155.4  
June
139.1
 143.0
 162.6 156.5  
July
 129.1
 150.9
 145.6 148.2  
August
 131.6
 147.8
 141.8 159.2  
September
 123.5
155.1
 126.7  154.0  
October
 141.2
 143.9
 144.2 151.5  
November
129.6
119.5 124.8 144.2  
December
 109.5
124.1 131.2 144.8  
 

12 Month Rolling Average ($ in millions)*
         
           
 
2007
2008 2009 2010 2011 
January
121.6
130.6 138.5 138.6 151.0 
February
122.7
131.0 138.5 139.1 151.5 
March
123.3
131.0 139.7 140.5  
April
124.8
132.6 138.9 141.0  
May
125.4
132.4 139.2 142.8  
June
126.7
 132.7
 140.8 142.3  
July
 127.8
 134.6
 140.4 142.5  
August
 128.0
 135.9
 139.9 144.0  
September
 127.1
138.5
 137.5  146.3  
October
 128.0
 138.8
 137.5 146.9  
November
129.3
137.9 138.0 148.5  
December
 129.5
139.1 138.6 149.6  

*NOTE:  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website. 
 
EX-99.12 13 ex99-12.htm ASHLAND CONSUMER MARKETS (VALVOLINE) GROSS PROFIT ex99-12.htm
 
Exhibit 99.12
(Text of graph posted to Ashland Inc.'s website concerning
Ashland Consumer Markets (Valvoline) gross profit)
 
3 Month Rolling Average (%)*
         
            
 
2007
2008 2009 2010 2011 
January
24.5
24.2 23.6 33.1 29.6 
February
25.1
24.0 29.1 32.4 29.0 
March
25.6
24.4 32.2 33.0  
April
25.1
24.6 36.5 32.8  
May
25.3
24.6 36.2 33.8  
June
25.1
 23.9
 37.5 32.4  
July
 25.9
 21.8
 37.2 31.3  
August
 25.5
19.5
 36.8 29.9  
September
 24.6
19.2
 35.5  28.9  
October
 24.3
 20.1
 34.4 29.8  
November
24.6
21.1 33.6 30.0  
December
 24.7
21.8 33.9 30.9  
 

12 Month Rolling Average (%)*
         
            
 
2007
2008 2009 2010 2011 
January
20.7
24.9 22.4 35.4 30.9 
February
21.0
24.9 23.4 34.9 30.7 
March
21.4
24.7 24.2 35.0  
April
21.7
 24.8 25.5 34.4  
May
22.3
24.7 26.4 34.2  
June
22.6
 24.4
 27.7 33.7  
July
 23.3
 23.7
 29.5 32.9  
August
23.9
23.1
 31.0 32.4  
September
 24.8
 23.0
 32.0  32.0  
October
 25.0
 22.6
 33.3 31.7  
November
25.1
22.2 34.1 31.5  
December
 25.0
22.3 34.8 31.3  

*NOTE:  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website. 
 
EX-99.13 14 ex99-13.htm ASHLAND CONSUMER MARKETS (VALVOLINE) LUBRICANT SALES GALLONS ex99-13.htm
 
Exhibit 99.13
(Text of graph posted to Ashland Inc.'s website concerning
Ashland Consumer Markets (Valvoline) lubricant sales gallons)
 
3 Month Rolling Average (in millions)*
         
           
 
2007
2008 2009 2010 2011 
January
12.3
13.2 10.6 12.9 13.3 
February
12.7
13.1 11.2 13.3 13.1 
March
13.9
14.0 12.6 14.6  
April
14.5
14.7 13.7 15.3  
May
14.8
14.6 14.3 15.9  
June
14.5
 14.6
 15.2 15.4  
July
 15.0
 14.0
 15.4 15.2  
August
 14.9
14.4
 15.7 15.2  
September
 14.4
 14.5
 14.1  14.7  
October
 14.0
 13.6
 14.0 14.6  
November
13.8
12.3 13.2 13.8  
December
 13.3
11.0 13.4 13.5  

*NOTE:  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website. 
 
EX-99.14 15 ex99-14.htm VALVOLINE INSTANT OIL CHANGE TWELVE MONTH ROLLING AVERAGE SALES ex99-14.htm
 
Exhibit 99.14
(Text of graph posted to Ashland Inc.'s website concerning
 Valvoline Instant Oil Change twelve month rolling average sales)
 
Stores 2 Years and Older ($ in millions)
         
            
 
2007
2008
2009 2010 2011 
January
11.5
12.4
 13.2 13.9 15.1 
February
11.6
12.4
 13.3 13.9 15.2 
March
11.7
12.4
 13.4 14.0  
April
11.7
12.5
13.4 14.1  
May
11.8
12.6
 13.5 14.2  
June
11.9
12.5
 13.5 14.3  
July
12.0
 12.7
 13.6 14.5  
August
12.2
12.7
 13.6 14.6  
September
12.2
12.8
 13.7  14.7  
October
12.3
 12.9
 13.9 14.9  
November
12.4
13.0 13.9 15.0  
December
12.4
13.1 13.9 15.1  
 
 
     
 
 
EX-99.15 16 ex99-15.htm ASHLAND DISTRIBUTION AVERAGE SALES PER SHIPPING DAY ex99-15.htm
 
Exhibit 99.15
 (Text of graph posted to Ashland Inc.'s website concerning
Ashland Distribution average sales per shipping day)
 
Average Sales per Shipping Day ($ in millions)*
 
           
 
2007
2008 2009 2010 2011 
January
15.445
17.177 12.065 13.590 16.069 
February
16.333
16.794 10.847 13.008 15.613 
March
15.520
17.574 10.339 14.117  
April
16.592
17.319 10.825 14.678  
May
15.905
17.809 11.268 14.760  
June
16.377
 18.863
11.160 14.508  
July
 15.948
 18.018
11.506 14.421  
August
 16.762
 17.994
11.744 13.774  
September
 17.328
 17.958
12.938  14.529  
October
 16.109
 16.188
12.181 13.988  
November
17.169
14.765 12.588 14.877  
December
 14.506
10.232 10.566 12.589  
 
 
*NOTE:  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website. 
 
EX-99.16 17 ex99-16.htm ASHLAND DISTRIBUTION SALES ex99-16.htm
 
Exhibit 99.16
(Text of graph posted to Ashland Inc.'s website concerning
Ashland Distribution sales)
 
Monthly Sales ($ in millions)*
       
             
 
2007
2008
2009 2010 2011 
January
340
378
253 272 321 
February
327
353
 217 260 312 
March
341
351
 227 325  
April
332
381
227 308  
May
350
374
225 295  
June
344
396
246 320  
July
335
396
253 303  
August
386
378
247 303  
September
329
377
271  305  
October
371
372
268 294  
November
343
266 239 298  
December
276
215 222 264  

 
12 Month Rolling Average ($ in millions)*          
              
 
2007
2008 2009 2010 2011 
January
338
343 343 243 300 
February
338
345 331 247 304 
March
336
346 321 255  
April
337
350 308 261  
May
336
352 296 267  
June
334
356
283 273  
July
 335
361
271 277  
August
 336
361
260 282  
September
 336
365
252  285  
October
 338
365
243 287  
November
339
358 241 292  
December
 340
353 241 295  

*NOTE:  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website.
EX-99.17 18 ex99-17.htm ASHLAND DISTRIBUTION GROSS PROFIT ex99-17.htm
 
Exhibit 99.17
(Text of graph posted to Ashland Inc.'s website concerning
Ashland Distribution gross profit)
 

3 Month Rolling Average (%)*
         
            
 
2007
2008
2009 2010 2011 
January
8.8
7.6
10.8 9.6 9.1 
February
8.7
7.2
10.8 9.4 8.8 
March
9.0
7.7
12.8 9.3  
April
8.1
7.6
12.3 9.0  
May
7.3
7.6
 11.9 9.0  
June
7.1
7.8
10.1 9.0  
July
7.3
7.6
10.1 9.4  
August
7.8
7.7
9.8 9.7  
September
7.0
8.1
8.8  9.4  
October
6.9
8.1
8.4 9.0  
November
7.2
8.5 8.7 9.0  
December
7.5
8.6 9.2 8.8  




12 Month Rolling Average (%)*
         
           
 
2007
2008
2009 2010 2011 
January
9.1
7.5
8.4 10.0 9.1 
February
9.1
7.4
 8.4 9.9 9.1 
March
8.9
7.3
 9.0 9.3  
April
8.7
7.4
 9.1 9.3  
May
8.4
7.5
 9.3 9.2  
June
8.4
7.5
 9.6 9.1  
July
8.3
7.4
 9.9 9.1  
August
8.2
7.4
 10.0 9.2  
September
7.9
7.8
 10.0  9.3  
October
7.7
7.7
 10.2 9.2  
November
7.7
7.7 10.2 9.3  
December
7.6
8.0 10.2 9.2  
 
 
*NOTE:  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website.  Distribution's gross profit as a percentage of sales for the three months ended March 31, 2009 and 2008 include a LIFO quantity credit of $11 million and $4 million, respectively.
 
EX-99.18 19 ex99-18.htm ASHLAND INC. OPERATING SEGMENT TRADE WORKING CAPITAL ex99-18.htm
Exhibit 99.18
(Text of graph posted to Ashland Inc.'s website concerning
Ashland Inc. operating segment trade working capital)
 
 
% of Annualized Sales#
                 
 Monthly Actual %                    
 
2007
 
2008
  2009   2010   2011   
January
 
 
17.0
 * 16.9   14.0   13.8  ** 
February
 
 
16.7
 *  16.9   13.7   14.1   
March
 
 
15.6
 *   16.3   12.3      
April
 
 
15.5
 *   15.9   12.2      
May
 
 
15.1
 *   16.0   11.9      
June
 
 
15.2
 *   14.9   12.6      
July
 
 
14.6
 *   14.4   12.5      
August
 
 
14.5
 *   13.9   12.4      
September
 
 
13.7
 *   12.7   11.9  **    
October
16.3
 *
13.3
 *   13.2   12.3  **    
November
16.6
 * 14.1   13.6   12.3  **    
December
17.1
 * 16.2   14.1   14.0  **    
 
NOTE:  Ashland's fiscal 2011 operating segment trade working capital target is a 13 month average of 13.4%.
 
* Data has been adjusted to include the historical Hercules businesses, preceding its purchase in November 2008.
 
**Data has been adjusted to reflect certain revisions within the calculation.
 
 
#  Selected Working Capital Components - February 28, 2011
           
                             
Unaudited Data
                           
($ in millions)
     Operating        
Other
           
       segments   (a)    
components
  (b)  
Total
   
Accounts receivable (c)
    970           77  
 
    1,047    
Inventories (d)
    598           (54 )       544    
(Less) Trade and other payables
     (748 )         (370 )
 
    (1,118 )  
Net
     820           (347 )       473    
                                 
(a) Represents amounts considered in internal performance metrics applicable to most employees and includes Ashland Distribution.
(b) Amount relates primarily to items within Corporate reporting segments and assets/liabilities held for sale, including Ashland Distribution.
(c) Accounts receivable is shown net of allowances for doubtful accounts.
(d) Operating segment amount excludes LIFO reserve, which is presented under other components.
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