SCHAUMBURG, Ill. (AP) — SCHAUMBURG, Ill. (AP) — Ascent Industries Co. (ACNT) on Tuesday reported a loss of $2.1 million in its third quarter.
The Schaumburg, Illinois-based company said it had a loss of 20 cents per share. Earnings, adjusted to account for discontinued operations and restructuring costs, were 1 cent per share.
The maker of stainless steel pipe, storage tanks and specialty chemicals posted revenue of $19.7 million in the period.
Ascent Industries shares have increased 7% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.97, a rise of 26% in the last 12 months.
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