OAK BROOK, Ill. (AP) — OAK BROOK, Ill. (AP) — Ascent Industries Co. (ACNT) on Thursday reported fourth-quarter net income of $11.1 million.
On a per-share basis, the Oak Brook, Illinois-based company said it had profit of $1.07. Losses, adjusted to account for discontinued operations, came to 73 cents per share.
The maker of stainless steel pipe, storage tanks and specialty chemicals posted revenue of $41.2 million in the period.
For the year, the company reported a loss of $26.6 million, or $2.63 per share, swinging to a loss in the period. Revenue was reported as $193.2 million.
Ascent Industries shares have increased nearly 7% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $10.19, a climb of 10% in the last 12 months.
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