ACNT Q1 2022 Earnings — Ascent Industries Co. Revenue & Financial Results | Market Cap Arena

ACNTAscent Industries Co.

$125M

Q1 2022 Earnings

Basic Materials Steel

Income Statement

Revenue

$116M+66.6% YoY

Gross Profit

$22M19.4% margin

Operating Income

$13M11.4% margin

Net Income

$10M8.8% margin

EPS (Diluted)

$0.99

QoQ Revenue Growth

+21.5%

Cash Flow

Operating Cash Flow

$394,000

Free Cash Flow

-$723,000

Stock-Based Comp.

$132,000

Balance Sheet

Total Assets

$290M

Total Liabilities

$167M

Stockholders' Equity

$122M

Cash & Equivalents

$1M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$116M	$70M	+66.6%
Gross Profit	$22M	$9M	+157.5%
Operating Income	$13M	$2M	+527.9%
Net Income	$10M	$1M	+837.8%

Revenue Segments

Stainless Steel Pipe

$62M54%

Specialty Chemicals

$28M24%

Galvanized Pipe

$14M12%

Seamless Carbon Steel Pipe And Tube

$12M11%

Fiberglass And Steel Liquid Storage Tanks And Separation Equipment

$114,0000%