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Ascent Industries Q2 2023 Earnings Report

Ascent Industries logo
$11.45 -0.05 (-0.43%)
(As of 12/17/2024 ET)

Ascent Industries EPS Results

Actual EPS
-$0.37
Consensus EPS
-$0.39
Beat/Miss
Beat by +$0.02
One Year Ago EPS
N/A

Ascent Industries Revenue Results

Actual Revenue
$60.67 million
Expected Revenue
$77.80 million
Beat/Miss
Missed by -$17.13 million
YoY Revenue Growth
N/A

Ascent Industries Announcement Details

Quarter
Q2 2023
Time
N/A

Conference Call Resources

Conference Call Audio

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Ascent Industries Earnings Headlines

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About Ascent Industries

Ascent Industries (NASDAQ:ACNT) Co. an industrials company, produces and distributes stainless steel pipe and tube and specialty chemicals in the United States and internationally. The company operates through two segments, Tubular Products and Specialty Chemicals. It manufactures welded pipes and tubes, primarily from stainless steel, duplex, and nickel alloys; and ornamental stainless steel tubes for automotive, commercial transportation, marine, food services, construction, furniture, healthcare, and other industries. The company also produces defoamers, surfactants, and lubricating agents for end users, including companies that supply agrochemical paper, metal working, coatings, water treatment, paint, mining, oil and gas, and janitorial and other applications. In addition, it provides contract manufacturing services, as well as operates as a multi-purpose plant to process various difficult to handle materials, including flammable solvents, viscous liquids, and granular solids. The company was formerly known as Synalloy Corporation and changed its name to Ascent Industries Co. in August 2022. Ascent Industries Co. was founded in 1945 and is based in Oak Brook, Illinois.

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