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Ascent Industries: Q4 Earnings Snapshot

SCHAUMBURG, Ill. (AP) — SCHAUMBURG, Ill. (AP) — Ascent Industries Co. (ACNT) on Tuesday reported a loss of $1 million in its fourth quarter.

The Schaumburg, Illinois-based company said it had a loss of 11 cents per share.

The maker of stainless steel pipe, storage tanks and specialty chemicals posted revenue of $18.8 million in the period.

For the year, the company reported net income of $867,000, or 9 cents per share, swinging to a profit in the period. Revenue was reported as $74.9 million.

Ascent Industries shares have increased slightly more than 7% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.38, a climb of 57% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACNT at https://www.zacks.com/ap/ACNT

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