Exhibit 99.3
(Text of graph posted to Ashland Inc.'s website concerning
Ashland Specialty Ingredients gross profit)
3 Month Rolling Average (%)* | |||||
2008 | 2009 | 2010 | 2011 | 2012 | |
January | 31.4 | 29.7 | 29.4 | 34.9 | 32.0 |
February | 32.3 | 30.2 | 29.5 | 34.6 | |
March | 33.3 | 31.1 | 34.0 | 35.4 | |
April | 31.9 | 31.9 | 34.6 | 34.0 | |
May | 31.3 | 32.1 | 34.4 | 34.1 | |
June | 31.0 | 28.9 | 34.3 | 33.9 | |
July | 30.5 | 29.5 | 33.8 | 33.9 | |
August | 30.4 | 29.5 | 34.2 | 32.8 | |
September | 30.8 | 34.7 | 33.3 | 32.5 | |
October | 31.4 | 34.8 | 32.5 | 35.0 | |
November | 32.1 | 34.7 | 32.5 | 33.4 | |
December | 30.1 | 29.5 | 32.8 | 33.4 |
12 Month Rolling Average (%)* | |||||
2008 | 2009 | 2010 | 2011 | 2012 | |
January | 33.5 | 30.9 | 31.4 | 33.9 | 33.2 |
February | 33.3 | 31.0 | 31.5 | 33.9 | |
March | 33.2 | 30.8 | 31.9 | 34.0 | |
April | 32.9 | 30.9 | 32.1 | 33.8 | |
May | 32.5 | 31.2 | 32.1 | 33.9 | |
June | 32.0 | 30.3 | 33.2 | 33.9 | |
July | 31.6 | 30.7 | 33.2 | 33.9 | |
August | 31.3 | 31.0 | 33.2 | 33.5 | |
September | 31.3 | 31.2 | 32.9 | 33.7 | |
October | 31.3 | 31.5 | 32.6 | 34.4 | |
November | 31.5 | 31.6 | 32.7 | 33.7 | |
December | 31.3 | 31.1 | 33.6 | 33.8 |
*NOTE: Information from September 2011 and prior includes the pre-acquisition operations of ISP, which was acquired on August 23, 2011. Information has been adjusted to exclude the impact of the inventory fair value adjustment charges related to purchase accounting for the Hercules and ISP acquisitions, which totaled $30 million and $41 million, respectively.