Ascent Industries Co Overview
Industry: Steel
Sector: Basic Materials
Ascent Industries Co. an industrials company, focuses on the production and distribution of industrial tubular products and specialty chemicals in the United States and internationally. The company operates through two segments, Tubular Products and Specialty Chemicals. It manufactures welded pipes and tubes, primarily from stainless steel, duplex, and nickel alloys; and galvanized carbon tubes, as well as related stainless pipe products. The company also manufactures ornamental stainless steel tubes for supply to the automotive, commercial transportation, marine, food services, construction, furniture, healthcare, and other industries; and distributes hot finish, seamless, carbon steel pipes, and tubes for use in mechanical and high-pressure applications in the oil and gas, heavy industrial, construction equipment, and chemical and other industries. In addition, it produces defoamers, surfactants, and lubricating agents for end users, including companies that supply agrochemical paper, metal working, coatings, water treatment, paint, mining, oil and gas, and janitorial and other applications. Further, the company provides contract manufacturing services, as well as operates as a multi-purpose plant to process various difficult to handle materials, including flammable solvents, viscous liquids, and granular solids. The company was formerly known as Synalloy Corporation and changed its name to Ascent Industries Co. in August 2022. Ascent Industries Co. was founded in 1945 and is based in Oak Brook, Illinois. Ascent Industries Co. an industrials company, focuses on the production and distribution of industrial tubular products and specialty chemicals in the United States and internationally. The company operates through two segments, Tubular Products and Specialty Chemicals. It manufactures welded pipes Read MoreAscent Industries Co is evaluated based on the investment philosophy and approach to stock market investing developed by renowned investor Warren Buffett. Companies with high ratings typically exhibit growing earnings, a substantial profit margin, conservative leverage, a consistently high return on equity, and a sustained practice of repurchasing their shares over the years.
Ascent Industries Co
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Earnings Per Share
Score 1.00/5
Ascent Industries Co earns a low score, as its Earnings Per Share (EPS) has not shown continuous growth over the last six years. Notable counterparts in the sector with high scores includes
Hawkins Inc
NEWMARKET CORP
FMC Corporation
In
Steel industry
, Steel Dynamics Inc
, RS PCL
, Commercial Metals
are companies with high ratings.
Return on Equity
Score 1.61/5
Ascent Industries Co exhibits a lower score in the Return on Equity (ROE) section, falling below the sector median value and indicating a comparatively weaker performance in this metric. The top companies in the same sector include
Hawkins Inc
NEWMARKET CORP
FMC Corporation
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, Commercial Metals
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Net Margin
Score 2.41/5
Ascent Industries Co
olds a low score as its net margin consistently trails below the sector median value and doesn't exhibit continuous growth over the last six years; notable companies in the sector with commendable scores include
Hawkins Inc
NEWMARKET CORP
FMC Corporation
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, Steel Dynamics Inc
, RS PCL
, Commercial Metals
are companies with high ratings.
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Leverage
Score 2.51/5
Ascent Industries Co
attains a commendable score in the category due to its lower leverage ratio over the past six years in comparison to the sector median value. Additionally, other notable companies in the same sector, such as
Hawkins Inc
NEWMARKET CORP
FMC Corporation
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In
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, Steel Dynamics Inc
, RS PCL
, Commercial Metals
are companies with high ratings.
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