Ascent Industries Q4 net sales down 14.7%, adjusted EBITDA negative $2.0M; Munhall facility weighs

ASCENT INDUSTRIES CO.

2023-Q1 EPS reported -$0.51 revenue$82,452,000

Q4 net sales $81.6M (-14.7% YoY); gross profit $1.6M (-92%); net income $0.1M (-98.4%).
Q4 diluted EPS $0.01 vs $0.84; adjusted EBITDA -$2.0M vs $14.9M.
Full year net sales $414.1M (+23.7%); net income $22.1M (+9%); adjusted EBITDA $36.0M (-18.7%).
Munhall facility generated Q4 net loss of $8.9M and negative $7.4M adjusted EBITDA; galvanized production ceased.
Ascent Chemicals segment Q4 net sales up 7% to $23.5M; full year adjusted EBITDA up 80% to $11.8M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ASCENT INDUSTRIES CO. reported financial results for fourth quarter and full year ended December 31, 2022.

Period: fourth quarter and full year ended December 31, 2022
Result: reported results

Exact text from the filing

On March 31, 2023, Ascent Industries Co ("the Company") issued a press release announcing financial information for its fourth quarter and year ended December 31, 2022.

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Source: SEC EDGAR

accession 0000095953-23-000006

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