ACNT Q2 2024 Earnings — Ascent Industries Co. Revenue & Financial Results | Market Cap Arena

ACNTAscent Industries Co.

$125M

Q2 2024 Earnings

Basic Materials Steel

Income Statement

Revenue

$21M-57.4% YoY

Gross Profit

$3M13.1% margin

Operating Income

-$2M-8.6% margin

Net Income

-$926,000-4.3% margin

EPS (Diluted)

$-0.09

QoQ Revenue Growth

-23.2%

Cash Flow

Operating Cash Flow

$2M

Free Cash Flow

$2M

Stock-Based Comp.

$44,000

Balance Sheet

Total Assets

$158M

Total Liabilities

$57M

Stockholders' Equity

$101M

Cash & Equivalents

$4M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$21M	$50M	-57.4%
Gross Profit	$3M	-$777,000	+462.0%
Operating Income	-$2M	-$7M	+73.5%
Net Income	-$926,000	-$15M	+93.7%

Revenue Segments

Stainless Steel Pipe

$29M57%

Specialty Chemicals

$21M43%