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Ascent Industries Co   (ACNT)
Other Ticker:  
 
    Sector  Basic Materials    Industry Iron & Steel
   Industry Iron & Steel
   Sector  Basic Materials
 
Price: $9.6200 $0.22 2.340%
Day's High: $9.828 Week Perf: 1.26 %
Day's Low: $ 9.18 30 Day Perf: 2.34 %
Volume (M): 50 52 Wk High: $ 11.19
Volume (M$): $ 478 52 Wk Avg: $9.75
Open: $9.37 52 Wk Low: $7.20



 Market Capitalization (Millions $) 97
 Shares Outstanding (Millions) 10
 Employees 517
 Revenues (TTM) (Millions $) 143
 Net Income (TTM) (Millions $) -13
 Cash Flow (TTM) (Millions $) 3
 Capital Exp. (TTM) (Millions $) 2

Ascent Industries Co
Ascent Industries Co is a Canadian cannabis company that specializes in the production and distribution of premium cannabis products. They are committed to providing consumers with high-quality and consistent cannabis strains. The company operates a state-of-the-art cultivation facility in Canada and has entered into strategic partnerships to expand its operations globally. Ascent Industries Co aims to be a leader in the cannabis industry by focusing on innovation, sustainability, and social responsibility.


   Company Address: 1400 16th Street, Oak Brook, 60523 IL
   Company Phone Number: 884-9181   Stock Exchange / Ticker: NASDAQ ACNT


Customers Net Income grew by ACNT's Customers Net Profit Margin grew to

46.06 %

13.15 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
X        7.81% 
ZEUS        16.12% 
ALB        0.27% 
CE   -31.34%    
DD        2.83% 
DOW   -3.04%    
• View Complete Report
   



Business Update

Ascent Industries Co. Opens New Schaumburg HQ Amid Revenue Declines, Signaling Commitment to Strategic Growth,

Published Tue, Aug 27 2024 1:52 PM UTC

SCHAUMBURG, Ill. Ascent Industries Co. (Nasdaq: ACNT), an industrials company specializing in the production and distribution of specialty chemicals and industrial tubular products, has proudly announced the opening of its new corporate headquarters in Schaumburg, Illinois, a strategic suburb of Chicago. This significant organizational move is emblematic of Ascent's enduri...

Ascent Industries Co

Iron & Steel Company Hits Rock Bottom with -47.208% Revenue Drop in Q1 of 2024

The stock market can be a volatile and unpredictable place, with companies experiencing both gains and losses in their financial performance. One such company that has been in the spotlight recently is Ascent Industries Co (ACNT), which recently reported its financial results for the period ending March 31, 2024.
One of the key highlights from the report is the increase in loss per share for ACNT, which rose to $-0.54 per share compared to $-0.51 in the previous year. This is a concerning trend for investors, as it indicates that the company's profitability is decreasing. Additionally, the income per share also fell from $1.10 to an undisclosed amount, indicating a negative impact on the company's overall financial health.

Ascent Industries Co

Ascent Industries Co Soars with Remarkable 10026% Increase in Net Profit per Share for Q4 2023

In its fourth quarter of 2023 earnings season, Ascent Industries Co experienced a significant boost in net profit per share, with a staggering increase of 10026.14% to $1.10 per share. This is in stark contrast to the previous year's reporting period when the company reported earnings of only $0.01 per share. Furthermore, in the prior reporting period, Ascent Industries Co's net profit experienced a decrease to $-1.77 per share.
The net profits of $11.138 million in the fourth quarter of the 2023 earnings season also saw a substantial increase of 8810.4% compared to the corresponding reporting period a year ago. This positive growth can be attributed to the company's balanced financial performance.

Ascent Industries Co

Ascent Industries Co Experiences a Significant Decrease in Revenue, Reporting a Jaw-Dropping -44.077% in the Third Quarter of 2023

During the past 5 trading days, Ascent Industries Co stock experienced a decrease of -1.35%. This decline contributes to a year-to-date performance of -5.66%. However, it is important to analyze the company's financial performance and other relevant factors to understand the reasons behind these numbers.
One aspect to consider is the company's financial results for the third quarter of 2023. Ascent Industries Co posted a deficit per stock of $-1.77 per share during this period, a significant decrease compared to $0.06 per share a year before. Moreover, there was an advanced deficit from $-1.44 per share from the prior quarter. These figures indicate a concerning financial situation for the company.

Ascent Industries Co

Financial Turmoil Plagues Ascent Industries Co as Deficit Deepens to $-1.44 in Q2 2023



Ascent Industries Co, a once-promising player in the industry, seems to be facing significant challenges in the market. Based on its financial performance for the April to June 2023 timeframe, the company has experienced a worrisome decline in various key metrics. This article will delve into the company's financial results, highlighting its growing deficit, dwindling revenue, declining inventories, and weakening demand indicators. Additionally, we will discuss the recent decline in ACNT shares, posing concerns for potential investors.
Deteriorating Financials:
During the April to June 2023 period, Ascent Industries Co recorded a deficit per stock of $-1.44, reflecting a substantial decline compared to $1.06 per share in the previous year. Moreover, this deficit has widened from $-0.51 per share reported in the prior reporting period. This decline indicates a concerning trend of increasing losses for the company.







Ascent Industries Co's Segments
Stainless steel pipe and tube    57.23 % of total Revenue
Specialty chemicals    42.77 % of total Revenue
Tubular Products    57.23 % of total Revenue





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