Ascent Industries Q3 Sales Rise 37.8% to $27.1 Million
Net sales from continuing operations increased year over year from $19.7 million to $27.1 million. Net income was $1.4 million, versus a $0.1 million loss, while adjusted EBITDA rose 155.8% to $3.5 million.
Story updates
09:09:23 PM UTC
SquawkNews
Sequentially, net sales increased 5.7%, gross profit increased 28.3% and Adjusted EBITDA improved by
Q3 net sales from continuing operations rose 37.8% year over year to $27.1M, versus $19.7M. Net income was $1.4M, compared with a $0.1M loss a year earlier; Adjusted EBITDA rose 155.8% to $3.5M.Material DetailsContext by AI AnalystThese results show improving performance in Ascent's ongoing operati…