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ACNT Price Correlated With Financials For Ascent

Free historical financial statements for Ascent Industries Co.. See how revenue, income, cash flow, and balance sheet financials have changed over 43 quarters since 2012. Compare with ACNT stock chart to see long term trends.

ACNT Stock Compared to Quarterly

ACNT Income Statement

Revenue, Net:100167000
Revenue Per Share:9.7695
Cost of Goods & Services Sold:88598000
Gross Profit:11569000
Selling, General & Admin Expense:9853000
Operating Income:1567000
Income Taxes:234000
Net Income:624000
Earnings Per Share, Basic:0.06
Shares Outstanding, Basic Avg:10253000

ACNT Cash Flow

Operating Activities Net Income:
Change in Accounts Receiveable:-8090000
Net Cash from Operations:-1896000
Net Cash from Operations Per Share:-0.1849
Repurchases/Buybacks Common Stock:null
Issuance of Long-term Debt:114575000
Net Cash from Financing Activities:3320000
Property, Plant & Equipment Purchases:1137000
Net Cash from Investing Activities:-1137000
Net Change in Cash & Equivalents:287000

ACNT Balance Sheet

Cash and Cash Equivalents:532000
Accounts Receivable, Net:55592000
Inventories:137843000
Total Current Assets:199117000
Property, Plant & Equipment, Net:43176000
Total Assets:299442000
Accounts Payable:44815000
Current Portion of Long-Term Debt:2464000
Total Short-Term Liabilities:60620000
Long Term Debt, Non-Current Portion:70131000
Total Liabilities:null

Insider Trading

 
Change
Value
Transaction
SEC Form 4
Hutter Christopher Gerald   President and CEO
5,000 sh at $11
$53,800
Buy
Rosenzweig Benjamin L   Director
2,500 sh at $11
$27,075
Buy
Mazzaferro Aldo John Jr   Director
700 sh at $11
$7,844
Buy

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Dimensional Fund Advisors LP
467,107 sh
-8,638 sh
-2%
$6,544
-$145
Vanguard Group Inc
401,647 sh
-39,790 sh
-9%
$5,627
-$580
Wells Fargo & Company/Mn
181,820 sh
11,552 sh
7%
$2,547
-$186
Blackrock Inc.
147,174 sh
-10,412 sh
-7%
$2,062
-$154
Renaissance Technologies LLC
141,101 sh
-19,900 sh
-12%
$1,977
-$607
Bridgeway Capital Management Inc
136,216 sh
4,700 sh
4%
$1,908
$59
Hillsdale Investment Management Inc.
110,356 sh
-200 sh
0%
$1,546
-$9
Hightower Advisors, LLC
92,722 sh
1,083 sh
1%
$1,299
$11
Geode Capital Management, LLC
78,647 sh
2,547 sh
3%
$1,101
$32
Minerva Advisors LLC
60,369 sh
-1,084 sh
-2%
$812
-$24
Deltec Asset Management LLC
37,009 sh
18,370 sh
99%
$518
$256
Globeflex Capital L P
33,489 sh
 
$469
O'shaughnessy Asset Management, LLC
33,337 sh
494 sh
2%
$467
$5
State Street Corp
32,628 sh
 
$457
Navellier & Associates Inc
30,737 sh
-971 sh
-3%
$431
-$15
Acorn Wealth Advisors, LLC
23,810 sh
 
$334
Ellsworth Advisors, LLC
22,763 sh
-1,074 sh
-5%
$319
-$16
Northern Trust Corp
18,467 sh
2,671 sh
17%
$259
$5
Morgan Stanley
17,904 sh
2,649 sh
17%
$251
$37
Bank Of New York Mellon Corp
17,338 sh
 
$243
COMPANY PROFILE
Basis of Presentation Basis of Financial Statement Presentation

The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included as required by Regulation S-X, Rule 10-01.

These interim unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 (the "Annual Report"). The financial results for the interim periods may not be indicative of the financial results for the entire year.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP required management to make estimates and judgments that affect the amounts reported and disclosed in the condensed consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates.

COVID-19 Update

The COVID-19 pandemic and related responses by public health and governmental authorities to contain and combat the outbreak and spread have adversely affected many economic sectors, significantly disrupted the global supply chain and fueled producer price and consumer inflation. During the first quarter of 2022, aspects of the Company's business continued to be affected by macroeconomic factors related to the COVID-19 pandemic, specifically with labor shortages at our plants and other areas of our business. We continue to experience demand for our products, however, the full extent of the future impact of the COVID-19 pandemic on the Company's operational and financial performance is currently uncertain and will depend on many factors outside of the Company's control.

Accounting Pronouncements Not Yet Adopted

In March 2020, the Financial Accounting Standards Board (FASB) issued ASU 2020-04 "Reference Rate Reform (Topic 848): Facilitation of Effects of Reference Rate Reform on Financial Reporting." The ASU, and subsequent clarifications, provide practical expedients for contract modification accounting related to the transition away from the London Interbank Offered Rate (LIBOR) and other interbank offering rates to alternative reference rates. The expedients are applicable to contract modifications made and hedging relationships entered into on or before December 31, 2022. The Company intends to use the expedients where needed for reference rate transition. The Company continues to evaluate this standard update and does not currently expect a material impact to the Company’s financial statements or disclosures.

Data imported from Ascent Industries Co. SEC filings. Check original filings before making any investment decision.