Ascent Industries: Q3 Earnings Snapshot
OAK BROOK, Ill. (AP) — OAK BROOK, Ill. (AP) — Ascent Industries Co. (ACNT) on Wednesday reported a third-quarter loss of $17.9 million, after reporting a profit in the same period a year earlier.
OAK BROOK, Ill. (AP) — OAK BROOK, Ill. (AP) — Ascent Industries Co. (ACNT) on Wednesday reported a third-quarter loss of $17.9 million, after reporting a profit in the same period a year earlier.
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The Oak Brook, Illinois-based company said it had a loss of $1.77 per share. Losses, adjusted for asset impairment costs and to account for discontinued operations, came to 14 cents per share.
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The maker of stainless steel pipe, storage tanks and specialty chemicals posted revenue of $56.1 million in the period.
Ascent Industries shares have declined 7% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.06, a drop of 46% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACNT at https://www.zacks.com/ap/ACNT