SCHAUMBURG, Ill. (AP) — SCHAUMBURG, Ill. (AP) — Ascent Industries Co. (ACNT) on Tuesday reported second-quarter profit of $670,000.
On a per-share basis, the Schaumburg, Illinois-based company said it had net income of 7 cents.
The maker of stainless steel pipe, storage tanks and specialty chemicals posted revenue of $25.7 million in the period.
Ascent Industries shares have fallen 5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $15.38, a climb of 19% in the last 12 months.
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