ACNT Q1 2023 Earnings — Ascent Industries Co. Revenue & Financial Results | Market Cap Arena

ACNTAscent Industries Co.

$125M

Q1 2023 Earnings

Basic Materials Steel

Income Statement

Revenue

$55M-52.8% YoY

Gross Profit

$1M2.7% margin

Operating Income

-$6M-11.6% margin

Net Income

-$5M-9.5% margin

EPS (Diluted)

$-0.51

QoQ Revenue Growth

-32.7%

Cash Flow

Operating Cash Flow

$13M

Free Cash Flow

$13M

Stock-Based Comp.

$319,000

Balance Sheet

Total Assets

$255M

Total Liabilities

$126M

Stockholders' Equity

$129M

Cash & Equivalents

$421,000

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$55M	$116M	-52.8%
Gross Profit	$1M	$22M	-93.5%
Operating Income	-$6M	$13M	-148.3%
Net Income	-$5M	$10M	-150.7%

Revenue Segments

Stainless Steel Pipe

$44M54%

Specialty Chemicals

$24M29%

Seamless Carbon Steel Pipe And Tube

$12M15%

Galvanized Pipe

$2M2%

Fiberglass And Steel Liquid Storage Tanks And Separation Equipment

$50,0000%