ACNT Q2 2022 Earnings — Ascent Industries Co. Revenue & Financial Results | Market Cap Arena

ACNTAscent Industries Co.

$125M

Q2 2022 Earnings

Basic Materials Steel

Income Statement

Revenue

$85M+1.8% YoY

Gross Profit

$20M23.9% margin

Operating Income

$12M14.1% margin

Net Income

$11M13.1% margin

EPS (Diluted)

$1.06

QoQ Revenue Growth

-27.2%

Cash Flow

Operating Cash Flow

$2M

Free Cash Flow

$2M

Stock-Based Comp.

$314,000

Balance Sheet

Total Assets

$306M

Total Liabilities

$173M

Stockholders' Equity

$134M

Cash & Equivalents

$245,000

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$85M	$83M	+1.8%
Gross Profit	$20M	$14M	+43.3%
Operating Income	$12M	$4M	+193.7%
Net Income	$11M	$3M	+283.1%

Revenue Segments

Stainless Steel Pipe

$66M57%

Specialty Chemicals

$29M25%

Seamless Carbon Steel Pipe And Tube

$12M10%

Galvanized Pipe

$9M8%