ACNTAscent Industries Co.

$125M

Q2 2023 Earnings

Basic Materials Steel

Income Statement

Revenue

$50M-40.5% YoY

Gross Profit

-$777,000-1.5% margin

Operating Income

-$7M-13.8% margin

Net Income

-$15M-29.1% margin

EPS (Diluted)

$-1.44

QoQ Revenue Growth

-8.2%

Cash Flow

Operating Cash Flow

$5M

Free Cash Flow

$4M

Stock-Based Comp.

$85,000

Balance Sheet

Total Assets

$232M

Total Liabilities

$118M

Stockholders' Equity

$114M

Cash & Equivalents

$717,000

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$50M	$85M	-40.5%
Gross Profit	-$777,000	$20M	-103.8%
Operating Income	-$7M	$12M	-158.4%
Net Income	-$15M	$11M	-232.4%

Revenue Segments

Stainless Steel Pipe

$29M48%

Specialty Chemicals

$21M35%

Seamless Carbon Steel Pipe And Tube

$10M17%

ACNT Q2 2023 Earnings — Ascent Industries Co. Revenue & Financial Results | Market Cap Arena