Ascent Industries Co. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 100.17 million compared to USD 86.18 million a year ago. Revenue was USD 100.17 million compared to USD 86.18 million a year ago. Net income was USD 0.624 million compared to USD 8.2 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.88 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 0.87 a year ago.
For the nine months, sales was USD 332.59 million compared to USD 239.05 million a year ago. Revenue was USD 332.59 million compared to USD 239.05 million a year ago. Net income was USD 21.94 million compared to USD 12.18 million a year ago. Basic earnings per share from continuing operations was USD 2.14 compared to USD 1.32 a year ago. Diluted earnings per share from continuing operations was USD 2.11 compared to USD 1.3 a year ago.