OAK BROOK, Ill. (AP) — OAK BROOK, Ill. (AP) — Ascent Industries Co. (ACNT) on Tuesday reported a second-quarter loss of $14.6 million, after reporting a profit in the same period a year earlier.
The Oak Brook, Illinois-based company said it had a loss of $1.44 per share. Losses, adjusted to account for discontinued operations, were 37 cents per share.
The maker of stainless steel pipe, storage tanks and specialty chemicals posted revenue of $60.7 million in the period.
Ascent Industries shares have increased 11% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.61, a decrease of 27% in the last 12 months.
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, source Associated Press News