Covington-based Ashland Inc. announced fiscal third-quarter earnings Friday that saw improved performance across the company's business lines.
Overall, the specialty chemical company said it earned $148 million, or $1.85 a share, up from $50 million, or 66 cents a share, in the same period in 2009.
Ashland said one-time items, including an after-tax gain on a buyout, accounted for 45 cents of earnings per share in the most recent quarter. A year ago, three items lowered earnings per share by 33 cents.
The company's revenue rose 16 percent to $2.36 billion from $2.04 billion a year ago.
"We delivered another quarter of solid results," said CEO James J. O'Brien in a statement. "All of our commercial units achieved year-over-year volume and sales increases, on a comparable basis."
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