Ascent Industries Co. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 41.22 million compared to USD 54.18 million a year ago. Revenue was USD 41.22 million compared to USD 54.18 million a year ago. Net income was USD 11.14 million compared to USD 0.127 million a year ago. Basic loss per share from continuing operations was USD 0.75 compared to basic earnings per share from continuing operations of USD 0.44 a year ago. Basic earnings per share was USD 1.1 compared to USD 0.01 a year ago.
For the full year, sales was USD 193.18 million compared to USD 261.99 million a year ago. Net loss was USD 26.63 million compared to net income of USD 22.07 million a year ago. Basic loss per share from continuing operations was USD 3.37 compared to basic earnings per share from continuing operations of USD 1.72 a year ago. Diluted loss per share from continuing operations was USD 3.37 compared to diluted earnings per share from continuing operations of USD 1.69 a year ago. Basic loss per share was USD 2.63 compared to basic earnings per share of USD 2.16 a year ago. Diluted loss per share was USD 2.63 compared to diluted earnings per share of USD 2.12 a year ago.