ACNT Q1 2024 Earnings — Ascent Industries Co. Revenue & Financial Results | Market Cap Arena

ACNTAscent Industries Co.

$125M

Q1 2024 Earnings

Basic Materials Steel

Income Statement

Revenue

$28M-49.0% YoY

Gross Profit

$2M8.3% margin

Operating Income

-$4M-15.5% margin

Net Income

-$5M-19.7% margin

EPS (Diluted)

$-0.54

QoQ Revenue Growth

-32.2%

Cash Flow

Operating Cash Flow

$263,000

Free Cash Flow

$25,000

Stock-Based Comp.

$209,000

Balance Sheet

Total Assets

$161M

Total Liabilities

$59M

Stockholders' Equity

$102M

Cash & Equivalents

$1M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$28M	$55M	-49.0%
Gross Profit	$2M	$1M	+58.6%
Operating Income	-$4M	-$6M	+32.0%
Net Income	-$5M	-$5M	-5.7%

Revenue Segments

Stainless Steel Pipe

$24M54%

Specialty Chemicals

$20M46%