Ashland Performance Materials reported a 33 percent increase in EBITDA as composites, elastomers, and intermediates and solvents all turned in improved results. Valvoline continued its strong performance as lubricant volumes and sales both grew 4 percent, while improved product mix and targeted marketing spend drove EBITDA margins to 18.6 percent." Ashland also said that it would initiate $1 billion in stock buyback program in early August.
For the third quarter ending June 30 of fiscal year 2013-14, volumes at Ashland a leader in specialty chemical solutions rose 3 percent, sales were#
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