Ascent Industries Co   (ACNT)
    Sector  Basic Materials    Industry Iron & Steel
   Industry Iron & Steel
   Sector  Basic Materials

Earnings lifted by $7.78 millions provisions on income taxes

A $7.78 millions in tax refund, helped Ascent Industries Co to display $0.01 eps in the fourth quarter of 2022 earnings season

Published Apr 02 2023
Goran Soko / CSIMarket.com Contributer

Steel_ironcastingBy_Rss-huh_(Own_work)__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_CommonsFor 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


About us


CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright 2023 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
CSIMarket.com 1500 N. University Drive, Coral Springs, FL 33071