Ascent Industries Co. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 56.11 million compared to USD 78.22 million a year ago. Net loss was USD 17.93 million compared to net income of USD 0.624 million a year ago. Basic loss per share from continuing operations was USD 1.26 compared to basic earnings per share from continuing operations of USD 0.3 a year ago. Diluted loss per share from continuing operations was USD 1.26 compared to diluted earnings per share from continuing operations of USD 0.3 a year ago. Basic loss per share was USD 1.77 compared to basic earnings per share of USD 0.06 a year ago. Diluted loss per share was USD 1.77 compared to diluted earnings per share of USD 0.06 a year ago.
For the nine months, sales was USD 184.2 million compared to USD 246.53 million a year ago. Net loss was USD 37.77 million compared to net income of USD 21.94 million a year ago. Basic loss per share from continuing operations was USD 1.82 compared to basic earnings per share from continuing operations of USD 2.34 a year ago. Diluted loss per share from continuing operations was USD 1.82 compared to diluted earnings per share from continuing operations of USD 2.3 a year ago. Basic loss per share was USD 3.72 compared to basic earnings per share of USD 2.14 a year ago. Diluted loss per share was USD 3.72 compared to diluted earnings per share of USD 2.11 a year ago.