ACNT Earnings Prediction
The chart below shows how ACNT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ACNT sees a -0.53% change in stock price 10 days leading up to the earnings, and a -1.50% change 10 days following the report. On the earnings day itself, the stock moves by +1.31%. This data can give you a slight idea of what to expect for the next quarter's release.
ACNT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
42.90M
-23.55%
-14.52%
Gross Margin
15.06%
40.49%
28.94%
Operating Margin
1.01%
142.44%
-358.97%
Net Margin
-16.35%
-28.16%
4092.31%
EPS
-0.61
-65.54%
577.78%
No Data Available
ACNT Earnings Analysis
Ascent Industries Co. Common Stock Corporation (ACNT.O) Earnings Conference Call
Positive
Net Sales Comparison: Net sales from continuing operations were $42.9 million, compared to $46.7 million in the prior year period.
Gross Profit Surge: Gross profit from continuing operations increased 117% to $6.5 million compared to $3 million in the third quarter of 2023.
Gross Margin Improvement: Gross margin increased significantly to 15.1% compared to 6.4% in the prior year period.
EBITDA Improvement Quarter-over-Quarter: Adjusted EBITDA in the third quarter increased significantly to $2.5 million compared to a negative $1.5 million in the same period last year.
Debt-Free Financial Position: We remain debt-free with $8.5 million of cash on the balance sheet and access to $57.5 million in borrowing availability under our current revolving credit facility.
Negative
Net Sales Decline: Net sales from continuing operations were $42.9 million, compared to $46.7 million in the prior year period, indicating a decline attributed to lower volumes across both segments and lower pricing within Tubular Products.
Net Sales Decline Factors: The decline in net sales was primarily attributed to lower volumes across both segments as well as lower pricing within Tubular Products, which negatively impacted revenue.
Gross Profit Surge Amid Decline: Despite a 117% increase in gross profit from continuing operations to $6.5 million compared to $3 million in the third quarter of 2023, the overall sales decline reflects ongoing challenges in demand.
Improved Net Loss Performance: Net loss from continuing operations in the third quarter improved to $7 million or $0.69 diluted loss per share, compared to a net loss from continuing operations of $14.7 million or $1.45 diluted loss per share for the third quarter of 2023, indicating ongoing financial struggles despite improvements.
Tax Charge Impact: During the quarter, we took a $6.2 million tax charge related to a valuation allowance against our deferred tax assets, which is a significant financial burden.
ACNT FAQs
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ACNT Earning Call Sentiment
Ascent Industries Co. (ACNT) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ACNT.O
-2.32%Positive
The earnings call highlights improved financial metrics, such as increased gross profit and adjusted EBITDA, but also notes challenges like soft demand and market headwinds. The Q&A reveals cautious optimism but lacks clear guidance, especially regarding potential sales or acquisitions. Despite a significant gross margin improvement, the decline in net sales and net loss remain concerns. The share repurchase program is a positive indicator, but the overall sentiment remains balanced by uncertainties in demand and economic factors. Therefore, the stock price is likely to remain neutral in the short term.
