Earnings lifted by $7.78 millions provisions on income taxes

For the fourth quarter of 2022 earnings season company income fell sharply by -98.68 % of $0.01 per share compare to $0.82 a year prior and EPS dropped by -81.86 % from $0.06 per share from the prior financial reporting period.

Revenues receded in double digits by -14.747 % to $81.56 millions from $95.67 millions in the comparable financial reporting period a year prior and sequentially Revenues fell by -18.576 % from $100.17 millions.




Earnings of $0.125 millions in the fourth quarter of 2022 earnings season fell by -98.45 % from $8.066 millions in the corresponding period a year before.

Looking further into ACNTs' numbers, the situation for Ascent Industries Co would be yet worse, if there wasn't $7.78 million income tax provisions, to slow the decline to just -98.45 % in the fourth quarter of 2022 earnings season.
Looking further into ACNTs' numbers for the financial 12 Months 2022, company announced Revenues of $414.15 millions and net income of $22.07 millions.

Iron & Steel company explained as well, that Eps decreased by -0.93 % to $2.12 per share from $2.14 in the prior financial 12 Months , and contributedRevenues improved by 23.73 % from $334.72 millions a year prior.

Ascent Industries Co is expected to report next financial earnings on November 07, 2023.

Ascent Industries Co's Capital Expenditures Growth

Ascent Industries Co's Price to sales ratio PS

Other ACNT's Earnings Reports

Energetic in double digits Top-line advance at the company in the third quarter of 2022 earnings season