Ascent Industries Co. (ACNT)

NASDAQ: ACNT · IEX Real-Time Price · USD
9.56
+0.05 (0.53%)
At close: Dec 29, 2023, 4:00 PM
9.35
-0.21 (-2.20%)
After-hours: Dec 29, 2023, 7:59 PM EST
0.53%
Market Cap 96.80M
Revenue (ttm) 280.79M
Net Income (ttm) -37.64M
Shares Out 10.13M
EPS (ttm) -3.71
PE Ratio n/a
Forward PE 18.02
Dividend n/a
Ex-Dividend Date n/a
Volume 15,450
Open 9.48
Previous Close 9.51
Day's Range 9.42 - 9.70
52-Week Range 7.20 - 11.56
Beta 0.60
Analysts Strong Buy
Price Target 20.00 (+109.21%)
Earnings Date Nov 8, 2023

About ACNT

Ascent Industries Co. an industrials company, focuses on the production and distribution of industrial tubular products and specialty chemicals in the United States and internationally. The company operates through two segments, Tubular Products and Specialty Chemicals. It manufactures welded pipes and tubes, primarily from stainless steel, duplex, and nickel alloys; and galvanized carbon tubes, as well as related stainless pipe products. The company also manufactures ornamental stainless steel tubes for supply to the automotive, commercial tra... [Read more]

Industry Steel
Sector Materials
Founded 1945
Employees 698
Stock Exchange NASDAQ
Ticker Symbol ACNT
Full Company Profile

Financial Performance

In 2022, ACNT's revenue was $414.15 million, an increase of 23.73% compared to the previous year's $334.72 million. Earnings were $22.07 million, an increase of 8.99%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for ACNT stock is "Strong Buy" and the 12-month stock price forecast is $20.0.

Price Target
$20.0
(109.21% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Ascent Industries Announces Sale of Specialty Pipe & Tube for $55 Million

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production and distribution of industrial tubular products and...

5 days ago - Business Wire

Ascent Industries Appoints John W. "Wes" Johnson as President of Ascent Tubular

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production and distribution of industrial tubular products and...

27 days ago - Business Wire

Ascent Industries Reports Third Quarter 2023 Results

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production and distribution of industrial tubular products and...

7 weeks ago - Business Wire

Ascent Industries Sets Third Quarter 2023 Earnings Conference Call for November 8, 2023, at 5:00 p.m. ET

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production and distribution of industrial tubular products and...

2 months ago - Business Wire

Ascent Industries Appoints J. Bryan Kitchen as President of Ascent Chemicals

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production and distribution of industrial tubular products and...

3 months ago - Business Wire

Ascent Industries Reports Second Quarter 2023 Results

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production and distribution of industrial tubular products and...

5 months ago - Business Wire

Ascent Industries Sets Second Quarter 2023 Earnings Conference Call for August 8, 2023, at 5:00 p.m. ET

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production and distribution of industrial tubular products and...

5 months ago - Business Wire

Ascent Industries Reports First Quarter 2023 Results

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Reports First Quarter 2023 Results.

8 months ago - Business Wire

Ascent Industries Sets First Quarter 2023 Earnings Conference Call for May 9, 2023, at 5:00 p.m. ET

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Sets First Quarter 2023 Earnings Conference Call for May 9, 2023, at 5:00 p.m. ET.

8 months ago - Business Wire

Ascent Industries Appoints Bill Steckel as Chief Financial Officer

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production and distribution of industrial tubular products and...

9 months ago - Business Wire

Ascent Industries Reports Fourth Quarter and Full Year 2022 Results

Second Consecutive Year of Growth in Net Sales and Net Income Year-Over-Year, Reflecting Continued Improvements Across the Organization

9 months ago - Business Wire

Ascent Industries Sets Fourth Quarter and Full Year 2022 Earnings Conference Call for March 31, 2023, at 8:30 a.m. ET

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production and distribution of industrial tubular products and...

9 months ago - Business Wire

5 Materials Stocks That Are Diving - And May Rally - Ascent Industries (NASDAQ:ACNT), Albemarle (NYSE:ALB)

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.

Other symbols: ALB
1 year ago - Benzinga

Ascent Industries Co. Reports Third Quarter 2022 Results

OAK BROOK, Ill.

1 year ago - Business Wire

Ascent to Attend D.A. Davidson's 21st Annual Diversified Industrials & Services Conference Being Held September 22-23, 2022

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent to Attend D.A. Davidson's 21st Annual Diversified Industrials & Services Conference Being Held September 22-23, 2022

1 year ago - Business Wire