ACNT Stock - Ascent Industries Co.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $177.87M | $193.18M | $261.99M | $334.71M | $256.00M |
| Gross Profit | $22.11M | $1.53M | $43.29M | $60.77M | $22.65M |
| Gross Margin | 12.4% | 0.8% | 16.5% | 18.2% | 8.8% |
| Operating Income | $-5,096,000 | $-37,430,000 | $14.54M | $27.35M | $-31,067,000 |
| Net Income | $-13,598,000 | $-26,629,000 | $22.07M | $20.25M | $-27,267,000 |
| Net Margin | -7.6% | -13.8% | 8.4% | 6.0% | -10.7% |
| EPS | $-1.34 | $2.63 | $2.16 | $2.17 | $-3.00 |
Ascent Industries Co. an industrials company, focuses on the production and distribution of industrial tubular products and specialty chemicals in the United States and internationally. It manufactures welded pipes and tubes, primarily from stainless steel, duplex, and nickel alloys; and galvanized carbon tubes, as well as related stainless pipe products. The company also manufactures ornamental stainless-steel tubes for supply to the automotive, commercial transportation, marine, food services, construction, furniture, healthcare, and other industries; provides fiberglass and steel storage tanks for the oil and gas, waste water treatment, and municipal water industries; and distributes hot finish, seamless, carbon steel pipes, and tubes for use in mechanical and high-pressure applications in the oil and gas, heavy industrial, construction equipment, and chemical and other industries. In addition, it produces defoamers, surfactants, and lubricating agents for end users, including companies that supply agrochemical paper, metal working, coatings, water treatment, paint, mining, oil and gas, and janitorial and other applications. Further, the company provides contract manufacturing services, as well as operates as a multi-purpose plant to process various difficult to handle materials, including flammable solvents, viscous liquids, and granular solids. The company was formerly known as Synalloy Corporation and changed its name to Ascent Industries Co. in August 2022. Ascent Industries Co. was founded in 1945 and is headquartered in Oak Brook, Illinois.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| June 2nd 2023 | Stifel | Initiation | Buy | $20 |
Earnings History & Surprises
ACNTEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 11, 2026 | — | — | — | — |
Q1 2026 | Mar 2, 2026 | — | — | — | — |
Q4 2025 | Nov 4, 2025 | $0.29 | $0.01 | -96.6% | ✗ MISS |
Q3 2025 | Aug 6, 2025 | $0.27 | $-0.08 | -129.6% | ✗ MISS |
Q2 2025 | May 12, 2025 | $0.12 | $-0.08 | -166.7% | ✗ MISS |
Q1 2025 | Mar 4, 2025 | $0.03 | $0.01 | -66.7% | ✗ MISS |
Q4 2024 | Nov 12, 2024 | $0.07 | $-0.08 | -214.3% | ✗ MISS |
Q3 2024 | Aug 6, 2024 | $-0.22 | $-0.02 | +90.9% | ✓ BEAT |
Q2 2024 | May 8, 2024 | $-0.36 | $-0.41 | -13.9% | ✗ MISS |
Q1 2024 | Mar 28, 2024 | $-0.08 | $-0.73 | -812.5% | ✗ MISS |
Q4 2023 | Nov 8, 2023 | $-0.12 | $-0.14 | -16.7% | ✗ MISS |
Q3 2023 | Aug 8, 2023 | $-0.39 | $-0.37 | +5.1% | ✓ BEAT |
Q2 2023 | May 9, 2023 | — | $-0.51 | — | — |
Q1 2023 | Mar 31, 2023 | — | $0.01 | — | — |
Q4 2022 | Nov 8, 2022 | — | $0.06 | — | — |
Q3 2022 | Aug 9, 2022 | — | $1.06 | — | — |
Q2 2022 | May 10, 2022 | — | $0.99 | — | — |
Q1 2022 | Mar 29, 2022 | — | $0.84 | — | — |
Q4 2021 | Nov 9, 2021 | — | $0.87 | — | — |
Q3 2021 | Aug 9, 2021 | — | $0.31 | — | — |
Latest News
Ascent Industries Announces New 2M Common Stock Buyback Plan Through Dec. 16, 2027
📈 PositiveAscent Industries Secures New Business Program Expected To Generate More Than $10M In Incremental Annualized Revenue
📈 PositiveAscent Industries Sale-Leaseback Partner STORE Master Funding Signs Agreement To Lease Ascent's Former Tubular Site In Pennsylvania To New Tenant; Deal Eliminates ~$2.1M In Annual Costs
📈 PositiveAscent Industries Q3 EPS $(0.01) Up From $(0.77) YoY, Sales $19.697M Down From $20.878M YoY
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