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 +0.09% change in stock price 10 days leading up to the earnings, and a +1.62% change 10 days following the report. On the earnings day itself, the stock moves by +1.06%. 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
40.67M
352.81%
-5.20%
Gross Margin
17.87%
110.80%
18.66%
Operating Margin
1.31%
100.62%
29.70%
Net Margin
0.21%
100.12%
-101.28%
EPS
-0.10
-109.09%
-83.61%
No Data Available
ACNT Earnings Analysis
Ascent Industries Co Corporation (ACNT.O) Earnings Conference Call
Positive
Positive Performance Trend: Ascent Industries Co. reported its fourth straight quarter of improvements in financial and operational results, indicating a positive trend in performance.
EBITDA Growth Surge: The company achieved a 125% year-over-year increase in adjusted EBITDA, reaching $19.9 million, showcasing significant operational improvements.
Gross Profit Surge: Gross profit saw a remarkable increase of 1,349% year-over-year, amounting to $20.5 million, despite a decline in top-line revenue, demonstrating effective cost management and optimization efforts.
Strong Free Cash Flow: Ascent Industries Co. generated nearly $15 million in free cash flow throughout the year, maintaining a debt-free status, which positions the company well for future investments.
Strong Liquidity Position: The company has a strong liquidity position with over $16 million in cash and more than $47 million available on its revolving credit facility, providing a solid foundation for growth initiatives.
Strong Order Backlog Growth: The tubular products segment showed a strong order backlog, the best in four years, indicating potential future demand growth in the energy and infrastructure sectors.
Specialty Chemicals Performance: In the specialty chemicals segment, the company produced its highest quarterly adjusted EBITDA since Q2 2022, reflecting successful cost management and a focus on higher-margin branded products.
New Product Portfolio Launch: Ascent Industries Co. launched a new branded product portfolio for the HINI market, targeting a $2.5 billion addressable market, which is expected to drive future growth.
Share Repurchase Authorization: The company remains committed to its capital allocation priorities, including share repurchases, with an expanded authorization to buy back an additional one million shares over the next 24 months.
Negative
Earnings Miss Report: Ascent Industries Co. missed earnings expectations with a reported EPS of $-0.09935, while expectations were $0.03.
Sales Decline Amid EBITDA Growth: Despite a reported increase in adjusted EBITDA, the company experienced a decline in net sales from continuing operations, dropping from $193.2 million in 2023 to $177.9 million in 2024.
Sales Decline in Tubular Products: The company faced a year-over-year sales decline of $12.4 million in the tubular products segment, indicating ongoing challenges in this area.
Net Loss Improvement: The overall net loss from continuing operations was $11.2 million for 2024, although it was an improvement from a loss of $34.2 million in 2023, it still reflects significant financial strain.
Non-Cash Tax Charge Impact: The company had a one-time non-cash tax charge of $6.2 million related to a valuation allowance against deferred tax assets, negatively impacting the reported bottom line for the year.
Net Loss Despite Profit Growth: Despite improvements in gross profit, the company still reported a net loss, indicating that profitability remains a challenge.
ACNT FAQs
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ACNT Earning Call Sentiment
Ascent Industries Co. (NASDAQ:ACNT) Q4 2024 Earnings Call Transcript
ACNT.O
1.57%Positive
The earnings call showed improvement in financial metrics, such as net income and adjusted EBITDA, indicating operational efficiencies. However, revenue declined, and Q&A revealed no immediate top-line growth, with management's guidance lacking clarity. Positive cash position and share repurchase are offset by soft demand dynamics. Overall, mixed signals and uncertainty about future growth lead to a neutral outlook.
