SCHAUMBURG, Ill. (AP) — SCHAUMBURG, Ill. (AP) — Ascent Industries Co. (ACNT) on Tuesday reported a fourth-quarter loss of $1 million, after reporting a profit in the same period a year earlier.
The Schaumburg, Illinois-based company said it had a loss of 10 cents per share. Earnings, adjusted to account for discontinued operations, came to 1 cent per share.
The maker of stainless steel pipe, storage tanks and specialty chemicals posted revenue of $40.7 million in the period.
For the year, the company reported that its loss narrowed to $13.6 million, or $1.34 per share. Revenue was reported as $177.9 million.
Ascent Industries shares have dropped 1% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.05, an increase of nearly 3% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACNT at https://www.zacks.com/ap/ACNT
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