Ascent Industries Co (ACNT) Earnings Report, Financial Results, Financial analysis

Ascent Industries Co reported in the first quarter of 2023 net loss per share of $-0.51 compare to earnings per share of $0.99 in the same quarter a year ago a decrease from $0.01 eps realized in IV. Quarter (Dec 31 2022).

*first quarter of 2023*
Earnings Per Share	Revenues
$ -0.51	$ 82 Mill
$-1.50	$-34M -29.05 %

Ascent Industries Co 's Revenue fell by -29.05 % in first quarter of 2023 (Mar 31 2023) year on year, to $82 million and advanced by 1.09 % sequentially.

Ascent Industries Co is Expected to report next financial results on November 07, 2023.

More on ACNT's Income Statement

ACNT's NET INCOME

Ascent Industries Co 's in thefirst quarter of 2023 recorded net loss of $-5.199 million, compare to net income of $10.260 million achieved in I. Quarter a year ago.

Sequentially company realized a net loss, compared to net income of $0.125 million in the previous quarter.

More on ACNT's Growth

Ascent Industries Co Inventories
Inventories declined by -10.99 % to $99.79 million from I. Quarter a year ago, sequentially inventories fell by -12.81 %. In Mar 31 2023 company's net cash and cash equivalents decreased by $-1 million, capital expenditures grew by -26.23%, to $-1 millions compare to same quarter a year ago and rose by -48.72% from IV. Quarter (Dec 31 2022).

More on ACNT's Cash flow Statement

Earnings quality

Ascent Industries Co does not pay out common stock dividend.

In trailing twelve-month period Ascent Industries Co earned $ 1.83 cash per share, on a free-cash flow basis 295.2 % of net earning per share.

Book value fell by -1.42 % sequentially to $12.72 per share.
Tangible Book value fell to $ 10.61 per share from $ 10.81.

Company repurchased 0.26 million shares or 2.50 % in Mar 31 2023.
Interest Coverage Ratio was 0.54. Debt Coverage Ratio was 0.03.

• More on ACNT's Dividends

Market Capitalization (Millions)	98
Shares Outstanding (Millions)	10
Total Debt (Millions $)	59
Revenue (TTM) (Millions $)	380
Net Income (TTM) (Millions $)	7
Cash Flow (TTM) (Millions $)	-1
Capital Exp. (TTM) (Millions $)	-5
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	-

Earnings quality

Ascent Industries Co does not pay out common stock dividend.

In trailing twelve-month period Ascent Industries Co had $ 1.83 cash flow per share, on a free-cash flow basis 295.2 % of net earning per share.

Book value fell by -1.42 % sequentially to $12.72 per share.
Tangible Book value fell to $ 10.61 per share from $ 10.81.

Company repurchased 0.26 million shares or 2.50 % in Mar 31 2023.
Interest Coverage Ratio was 0.54. Debt Coverage Ratio was 0.03.

• More on ACNT's Balance Sheets

Market Capitalization (Millions)	98
Shares Outstanding (Millions)	10
Total Debt (Millions $)	59
Revenue (TTM) (Millions $)	380
Net Income (TTM) (Millions $)	7
Cash Flow (TTM) (Millions $)	-1
Capital Exp. (TTM) (Millions $)	-5
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	-

Ascent Industries Co

ACNT's Financial Statements and Analysis