OAK BROOK, Ill. (AP) — OAK BROOK, Ill. (AP) — Ascent Industries Co. (ACNT) on Tuesday reported a loss of $926,000 in its second quarter.
On a per-share basis, the Oak Brook, Illinois-based company said it had a loss of 9 cents. Losses, adjusted to account for discontinued operations, came to 2 cents per share.
The maker of stainless steel pipe, storage tanks and specialty chemicals posted revenue of $50.2 million in the period.
Ascent Industries shares have risen 5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.04, a rise of nearly 10% in the last 12 months.
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