Ashland Inc. and Consolidated Subsidiaries Page 4
OPERATING INFORMATION BY INDUSTRY SEGMENT
(In millions - preliminary and unaudited)
Three months ended Nine months ended
June 30 June 30
2006 2005 2006 2005
APAC
Construction backlog at June 30 (a) $ 1,951 $ 2,100
Net construction job revenues (b)  $ 509 $ 424 $ 1,189 $ 966
Hot-mix asphalt production (tons) 8.7 9.5 20.7 21.0
Aggregate production (tons) 8.7 8.3 23.7 22.6
PERFORMANCE MATERIALS (c) (d)
Sales per shipping day  $ 5.9 $ 6.0 $ 5.7 $ 5.5
Pounds sold per shipping day 5.1 5.9 5.0 5.6
Gross profit as a percent of sales     25.0%     22.6%     23.2%     20.2%
DISTRIBUTION (c)
Sales per shipping day  $ 16.7 $ 15.4 $ 16.2 $ 15.1
Pounds sold per shipping day 19.6 19.1 19.0 19.2
Gross profit as a percent of sales       9.3%     10.0%       9.7%       9.8%
VALVOLINE (c)
Lubricant sales (gallons) 45.1 48.1 127.8 131.4
Premium lubricants (percent of U.S. branded volumes)     22.4%     24.3%     23.2%     23.5%
Gross profit as a percent of sales     20.2%     25.9%     21.4%     27.0%
WATER TECHNOLOGIES (c) (d)  
Sales per shipping day  $ 1.8 $ 1.6 $ 1.6 $ 1.5
Gross profit as a percent of sales     45.5%     46.9%     47.0%     48.1%
(a) Includes APAC's proportionate share of the backlog of unconsolidated joint ventures.
(b) Total construction job revenues, less subcontract costs.
(c) Sales are defined as sales and operating revenues.  Gross profit is defined as sales and operating revenues, less cost of sales and operating expenses.  
(d) In June 2006, Ashland redefined its reporting segments in order to provide stakeholders with a clearer understanding of its businesses as the company evolves into a diversified chemical company.  Performance Materials and Water Technologies were formerly combined under Ashland Specialty Chemical.  Prior periods have been conformed to the current period presentation.