ACNT Q3 2023 Earnings — Ascent Industries Co. Revenue & Financial Results | Market Cap Arena

ACNTAscent Industries Co.

$125M

Q3 2023 Earnings

Basic Materials Steel

Income Statement

Revenue

$47M-40.2% YoY

Gross Profit

$3M6.4% margin

Operating Income

-$15M-32.3% margin

Net Income

-$18M-38.4% margin

EPS (Diluted)

$-1.77

QoQ Revenue Growth

-7.2%

Cash Flow

Operating Cash Flow

$3M

Free Cash Flow

$2M

Stock-Based Comp.

$297,000

Balance Sheet

Total Assets

$215M

Total Liabilities

$119M

Stockholders' Equity

$96M

Cash & Equivalents

$730,000

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$47M	$78M	-40.2%
Gross Profit	$3M	$14M	-78.8%
Operating Income	-$15M	$5M	-422.1%
Net Income	-$18M	$624,000	-2973.7%

Revenue Segments

Stainless Steel Pipe

$27M48%

Specialty Chemicals

$20M36%

Seamless Carbon Steel Pipe And Tube

$9M17%