Ascent Industries Co. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 60.67 million compared to USD 84.6 million a year ago. Revenue was USD 60.67 million compared to USD 84.6 million a year ago. Net loss was USD 14.64 million compared to net income of USD 11.06 million a year ago. Basic loss per share from continuing operations was USD 0.37 compared to basic earnings per share from continuing operations of USD 1.06 a year ago. Diluted loss per share from continuing operations was USD 0.37 compared to diluted earnings per share from continuing operations of USD 1.04 a year ago. Basic loss per share was USD 1.44 compared to basic earnings per share of USD 1.08 a year ago. Diluted loss per share was USD 1.44 compared to diluted earnings per share of USD 1.06 a year ago.
For the six months, sales was USD 128.08 million compared to USD 168.31 million a year ago. Revenue was USD 128.08 million compared to USD 168.31 million a year ago. Net loss was USD 19.84 million compared to net income of USD 21.32 million a year ago. Basic loss per share from continuing operations was USD 0.56 compared to basic earnings per share from continuing operations of USD 2.04 a year ago. Diluted loss per share from continuing operations was USD 0.56 compared to diluted earnings per share from continuing operations of USD 2.01 a year ago. Basic loss per share was USD 1.95 compared to basic earnings per share of USD 2.08 a year ago. Diluted loss per share was USD 1.95 compared to diluted earnings per share of USD 2.05 a year ago.