Ascent Industries Co. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 81.56 million compared to USD 95.67 million a year ago. Revenue was USD 81.56 million compared to USD 95.67 million a year ago. Net income was USD 0.127 million compared to USD 8.07 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.85 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to USD 0.84 a year ago.
For the full year, sales was USD 414.15 million compared to USD 334.72 million a year ago. Revenue was USD 414.15 million compared to USD 334.72 million a year ago. Net income was USD 22.07 million compared to USD 20.25 million a year ago. Basic earnings per share from continuing operations was USD 2.16 compared to USD 2.17 a year ago. Diluted earnings per share from continuing operations was USD 2.12 compared to USD 2.14 a year ago.