SCHAUMBURG, Ill. (AP) — SCHAUMBURG, Ill. (AP) — Ascent Industries Co. (ACNT) on Monday reported a loss of $2.3 million in its first quarter.
On a per-share basis, the Schaumburg, Illinois-based company said it had a loss of 23 cents. Losses, adjusted to account for discontinued operations and costs related to mergers and acquisitions, came to 8 cents per share.
The maker of stainless steel pipe, storage tanks and specialty chemicals posted revenue of $24.7 million in the period.
Ascent Industries shares have increased 15% since the beginning of the year. In the final minutes of trading on Monday, shares hit $12.89, a rise of 26% in the last 12 months.
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