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Ascent Industries (ACNT)
NASDAQ:ACNT
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Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 20.28%
|Next Earnings Date:Mar 11, 2025
Earnings Call Sentiment|Positive
The earnings call highlights significant operational improvements and financial growth despite challenging market conditions. The company has achieved notable cost reductions, margin improvements, and a strong liquidity position. However, there are challenges with declining net sales and market headwinds. Overall, the sentiment is optimistic with continued focus on growth and efficiency.Company Guidance
During the Q3 2024 earnings call for Ascent, the executives provided guidance reflecting ongoing financial improvement and strategic initiatives. Despite a decline in net sales to $42.9 million from $46.7 million in the prior year, the company achieved a significant increase in gross profit from continuing operations, reaching $6.5 million—a 117% rise year-over-year. Gross margin also improved notably to 15.1% from 6.4%. The company reported a net loss of $7 million, or $0.69 per diluted share, but this was an improvement from the prior year's loss of $14.7 million. Adjusted EBITDA rose to $2.5 million with a margin of 5.7%, up from a negative margin in the previous year. Ascent remains debt-free, holding $8.5 million in cash and access to $57.5 million in borrowing under its credit facility. The company continues to focus on operational efficiencies, margin expansion, and strategic capital allocation, including share repurchases, amid a challenging macro environment.Continuous Improvement in Financial Results
Ascent reported its third consecutive quarter of financial improvement, driven by effective stabilization efforts and internal self-help initiatives.
Operational Efficiency and Cost Reduction
The company achieved significant cost reductions and operational efficiencies, leading to improved margins and profitability.
Specialty Chemicals Segment Performance
The Specialty Chemicals segment reported a 67% year-over-year improvement in gross margin and a 30% gain in average sales price versus Q2.
Improvement in Gross Profit and Margin
Gross profit increased 117% to $6.5 million, with a gross margin increase to 15.1% from 6.4% in the prior year period.
Adjusted EBITDA Improvement
Adjusted EBITDA increased to $2.5 million from negative $1.5 million in the same period last year, with an improved margin of 5.7%.
Strong Liquidity Position
Ascent remains debt-free with $8.5 million in cash and access to $57.5 million in borrowing availability.
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ACNT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ACNT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $9.42 | $9.59 | +1.80% |
| Aug 06, 2024 | $10.04 | $10.24 | +1.99% |
| May 08, 2024 | $10.18 | $10.15 | -0.29% |
| Mar 28, 2024 | $10.19 | $10.42 | +2.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ascent Industries (ACNT) report earnings?
Ascent Industries (ACNT) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is Ascent Industries (ACNT) earnings time?
Ascent Industries (ACNT) earnings time is at Mar 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ACNT EPS forecast?
Currently, no data Available
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