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ACNT Ascent Industries Co News Story

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Ascent Industries Q4 revenue rises 3.9% despite lower prices

Overview

Specialty chemicals firm's Q4 revenue rose 3.9% yr/yr despite lower selling prices

Full-year gross profit increased 61%

Result Drivers

HIGHER SALES VOLUME - Q4 net sales increased due to higher sales volume despite lower average selling prices

COST INCREASES - Gross profit decreased due to increased material and fulfillment costs

Company press release: ID:nBwchjKRFa

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Sales$18.80 mln
Q4 Adjusted EBITDA-$1.10 mln
Q4 Gross Margin18.30%
Q4 Adjusted EBITDA Margin-6.10%
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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