Ascent Industries Reports Fourth Quarter and Full Year 2023 Results
Ascent Industries Reports Fourth Quarter and Full Year 2023 Results
Ascent Industries Reports Fourth Quarter and Full Year 2023 Results
Ascent Industries公布2023年第四季度和全年业绩
March 28, 2024 4:05pm EDT Download as PDF
美国东部时间 2024 年 3 月 28 日下午 4:05 以 PDF 格式下载
Eliminated All Outstanding Debt with Cash Proceeds from the Sale of Specialty Pipe & Tube
使用出售特种管道和管材的现金收益免除所有未偿债务
New Leadership Focused on Accelerating Profitable Growth and Maximizing Value
新领导层专注于加速盈利增长和实现价值最大化
OAK BROOK, Ill.--(BUSINESS WIRE)-- Ascent Industries Co. (Nasdaq: ACNT) ("Ascent" or the "Company"), an industrials company focused on the production of specialty chemicals and industrial tubular products, is reporting its results for the fourth quarter and full year ended December 31, 2023.
伊利诺伊州奥克布鲁克--（美国商业资讯）--Ascent Industries Co.纳斯达克股票代码：ACNT）（“Ascent” 或 “公司”）是一家专注于生产特种化学品和工业管状产品的工业公司，正在公布截至2023年12月31日的第四季度和全年业绩。
| Fourth Quarter 2023 Summary1 | |||
| (in millions, except per share and margin) | Q4 2023 | Q4 2022 | Change |
| Net Sales | $41.2 | $54.2 | (23.9)% |
| Gross Profit | $(2.1) | $4.9 | (143.9)% |
| Gross Profit Margin | (5.2)% | 9.0% | (1,420)bps |
| Net (Loss) Income | $(7.5) | $4.5 | (267.4)% |
| Diluted (Loss) Earnings per Share | $(0.73) | $0.43 | (269.8)% |
| Adjusted EBITDA | $(5.9) | $1.7 | (460.5)% |
| Adjusted EBITDA Margin | (14.4)% | 3.0% | (1,740)bps |
| 2023 年第四季度摘要1 | |||
| （以百万计，每股和利润率除外） | 2023 年第四季度 | 2022 年第四季度 | 改变 |
| 净销售额 | 41.2 美元 | 54.2 美元 | (23.9)% |
| 毛利润 | 美元 (2.1) | 4.9 美元 | (143.9)% |
| 毛利率 | (5.2)% | 9.0% | (1,420) 个基点 |
| 净（亏损）收入 | 美元 (7.5) | 4.5 美元 | (267.4)% |
| 摊薄（亏损）每股收益 | 美元 (0.73) | 0.43 美元 | (269.8)% |
| 调整后的息税折旧摊销前 | 美元 (5.9) | 1.7 美元 | (460.5)% |
| 调整后息折旧摊销前利润率 | (14.4)% | 3.0% | (1,740) 个基点 |
| Full Year 2023 Summary1 | |||
| (in millions, except per share and margin) | 2023 | 2022 | Change |
| Net Sales | $193.2 | $262.0 | (26.3)% |
| Gross Profit | $1.5 | $43.3 | (96.5)% |
| Gross Profit Margin | 0.8% | 16.5% | (1,570)bps |
| Net (Loss) Income | $(34.2) | $17.6 | (294.3)% |
| Diluted (Loss) Earnings per share | $(3.37) | $1.69 | (299.4)% |
| Adjusted EBITDA | $(15.9) | $25.6 | (162.3)% |
| Adjusted EBITDA Margin | (8.2)% | 9.8% | (1,800)bps |
| 2023 年全年摘要1 | |||
| （以百万计，每股和利润率除外） | 2023 | 2022 | 改变 |
| 净销售额 | 193.2 美元 | 262.0 美元 | (26.3)% |
| 毛利润 | 1.5 美元 | 43.3 美元 | (96.5)% |
| 毛利率 | 0.8% | 16.5% | (1,570) 个基点 |
| 净（亏损）收入 | 美元 (34.2) | 17.6 美元 | (294.3)% |
| 摊薄（亏损）每股收益 | 美元 (3.37) | 1.69 美元 | (299.4)% |
| 调整后的息税折旧摊销前 | 美元 (15.9) | 25.6 美元 | (162.3)% |
| 调整后息折旧摊销前利润率 | (8.2)% | 9.8% | (1,800) 个基点 |
| ____________________________ | ||
| 1 | On June 2, 2023, the Board of Directors of Ascent made the decision to permanently cease operations at the Company's welded pipe and tube facility located in Munhall, PA ("Munhall") effective on August 31, 2023. On December 22, 2023, the Company closed on a transaction to sell substantially all of the assets of Specialty Pipe & Tube ("SPT"). As a result, financial results from Munhall & SPT have been categorized into discontinued operations. | |
| ______________________ | ||
| 1 | 2023年6月2日，Ascent董事会决定永久停止该公司位于宾夕法尼亚州蒙霍尔的焊接管道和管道工厂（“Munhall”）的运营，自2023年8月31日起生效。2023年12月22日，该公司完成了一项出售特种管道（“SPT”）几乎所有资产的交易。因此，Munhall & SPT的财务业绩被归类为已终止的业务。 | |
Management Commentary
管理层评论
"The Ascent team made notable progress towards our long-term strategic goals in 2023, despite continued market headwinds," said Ascent CEO Bryan Kitchen. "This progress was driven by meaningful initiatives to onboard new customers and unlock operational efficiencies that we expect to bear fruit next year. However, our momentum in the fourth quarter was not sufficient to fully mitigate the adverse effects of industry-wide destocking trends that impacted both business segments. Prior to year-end, Ascent closed on a sale of substantially all of the assets of Specialty Pipe and Tube, generating $55 million in an all-cash transaction. These proceeds were utilized to clear remaining debt, positioning the Company favorably as it entered 2024.
Ascent首席执行官布莱恩·基奇表示：“尽管市场持续面临阻力，但Ascent团队在2023年实现长期战略目标方面取得了显著进展。”“这一进展是由有意义的举措推动的，这些举措旨在吸引新客户并提高运营效率，我们预计这些举措将在明年取得成果。但是，我们在第四季度的势头不足以完全缓解影响这两个业务领域的全行业去库存趋势的不利影响。年底之前，Ascent完成了对特种管道和管材几乎所有资产的出售，产生了5500万美元的全现金交易。这些收益用于清偿剩余债务，使公司在进入2024年时处于有利地位。
"We moved into 2024 with a healthy financial position and a commitment to driving sustainable earnings-growth across the enterprise. This commitment is underscored by purposeful initiatives to recapitalize talent and capabilities, aimed to maximize the value derived from the unique strengths within our tubular segment while simultaneously investing in the growth potential of the specialty chemicals segment. We believe our newly-assembled management team has already begun to make progress towards our long-term goals focused on creating durable shareholder value."
“我们进入2024年，财务状况良好，致力于推动整个企业的可持续收益增长。对人才和能力进行资本重组的有针对性的举措突显了这一承诺，这些举措旨在最大限度地发挥管状细分市场的独特优势所产生的价值，同时投资于特种化学品板块的增长潜力。我们相信，我们新组建的管理团队已经开始在实现以创造持久股东价值为重点的长期目标方面取得进展。”
Fourth Quarter 2023 Financial Results
2023 年第四季度财务业绩
Net sales from continuing operations were $41.2 million compared to $54.2 million in the prior year period, primarily attributable to decreased end-market demand and de-stocking trends across both segments.
持续经营业务的净销售额为4,120万美元，而去年同期为5,420万美元，这主要归因于终端市场需求下降以及两个细分市场的库存减少趋势。
Gross profit from continuing operations was $(2.1) million, or (5.2%) of net sales, compared to $4.9 million, or 9.0% of net sales, in the fourth quarter of 2022. The decrease was primarily attributable to elevated costs and unfavorable product mix.
持续经营业务的毛利为210万美元，占净销售额的5.2％，而2022年第四季度为490万美元，占净销售额的9.0％。下降的主要原因是成本上涨和不利的产品组合。
Net loss from continuing operations was $7.5 million, or $(0.73) diluted loss per share, compared to net income from continuing operations of $4.5 million, or $0.43 diluted earnings per share, in the fourth quarter of 2022. The decrease was primarily attributable to the aforementioned lower net sales, along with an increase in administrative expenses.
持续经营业务净亏损为750万美元，摊薄后每股亏损为0.73美元，而2022年第四季度持续经营业务净收益为450万美元，摊薄后每股收益为0.43美元。下降的主要原因是上述净销售额下降以及管理费用增加。
Adjusted EBITDA was $(5.9) million compared to $1.7 million in the fourth quarter of 2022. Adjusted EBITDA margin was (14.4)% compared to 3.0% in the prior year period. The decrease was primarily attributable to the aforementioned lower net sales.
调整后的息税折旧摊销前利润为590万美元，而2022年第四季度为170万美元。调整后的息税折旧摊销前利润率为（14.4％），而去年同期为3.0％。下降的主要原因是上述净销售额下降。
Full Year 2023 Financial Results
2023 年全年财务业绩
Net sales from continuing operations were $193.2 million compared to $262.0 million in 2022. The decrease was primarily attributable to decreases in volume throughout the year as a result of industry-wide de-stocking trends and challenging end market fundamentals.
持续经营业务的净销售额为1.932亿美元，而2022年为2.620亿美元。下降的主要原因是全行业的去库存趋势和终端市场基本面面临的挑战，导致全年销量下降。
Gross profit from continuing operations was $1.5 million, or 0.8% of net sales, compared to $43.3 million or 16.5% of net sales in 2022. The decrease was primary attributable to the aforementioned decline in net sales across both segments, along with unfavorable product mix over the prior year.
持续经营业务的毛利为150万美元，占净销售额的0.8％，而2022年为4,330万美元，占净销售额的16.5％。下降的主要原因是上述两个细分市场的净销售额下降，以及与去年相比不利的产品组合。
Net loss from continuing operations was $34.2 million, or $(3.37) diluted loss per share, compared to $17.6 million, or $1.69 diluted earnings per share in 2022. The decrease was primarily attributable to the aforementioned decline in net sales and gross margin.
持续经营业务净亏损为3,420万美元，摊薄后每股亏损3.37美元，而2022年为1,760万美元，摊薄后每股收益为1.69美元。下降的主要原因是上述净销售额和毛利率的下降。
Adjusted EBITDA was $(15.9) million compared to $25.6 million in 2022. Adjusted EBITDA as a percentage of net sales was (8.2)% compared to 9.8% in the prior year. The decline is primarily attributable to lower operating margins across both segments compared to the prior year.
调整后的息税折旧摊销前利润为1,590万美元，而2022年为2560万美元。调整后的息税折旧摊销前利润占净销售额的百分比为（8.2％），而去年同期为9.8％。下降的主要原因是这两个细分市场的营业利润率与去年相比均有所下降。
Segment Results
分部业绩
Ascent Chemicals – net sales in the fourth quarter of 2023 were $18.5 million compared to $23.5 million in the fourth quarter of 2022. Operating loss in the fourth quarter was $1.6 million compared to operating income of $0.9 million in the prior year period. Adjusted EBITDA in the fourth quarter was $(0.4) million compared to $2.0 million in the prior year period. As a percentage of segment net sales, adjusted EBITDA was (2.3)% compared to 8.6% in the fourth quarter of 2022.
艾森特化学品 — 2023年第四季度的净销售额为1,850万美元，而2022年第四季度的净销售额为2350万美元。第四季度的营业亏损为160万美元，而去年同期的营业收入为90万美元。第四季度调整后的息税折旧摊销前利润为40万美元，而去年同期为200万美元。按细分市场净销售额的百分比计算，调整后的息税折旧摊销前利润为（2.3）％，而2022年第四季度为8.6％。
Net sales in 2023 were $83.6 million compared to $107.5 million in 2022. Operating loss in 2023 was $12.6 million compared to operating income of $7.0 million in the prior year. Adjusted EBITDA in 2023 was $3.4 million compared to $11.8 million in the prior year. As a percentage of segment net sales, adjusted EBITDA was 4.1% compared to 10.9% in 2022.
2023年的净销售额为8,360万美元，而2022年为1.075亿美元。2023年的营业亏损为1,260万美元，而上一年的营业收入为700万美元。2023年调整后的息税折旧摊销前利润为340万美元，而去年同期为1180万美元。按细分市场净销售额的百分比计算，调整后的息税折旧摊销前利润为4.1％，而2022年为10.9％。
Ascent Tubular – net sales from continuing operations in the fourth quarter of 2023 were $22.8 million compared to $30.7 million in the fourth quarter of 2022. Operating loss from continuing operations in the fourth quarter was $4.0 million compared to operating income from continuing operations of $1.2 million in the prior year period. Adjusted EBITDA from continuing operations in the fourth quarter was $(3.1) million compared to $2.1 million in the prior year period. As a percentage of segment net sales, adjusted EBITDA was (13.7)% compared to 6.9% in the fourth quarter of 2022.
Ascent Tubular — 2023年第四季度持续经营业务的净销售额为2,280万美元，而2022年第四季度为3,070万美元。第四季度持续经营业务的营业亏损为400万美元，而去年同期持续经营业务的营业收入为120万美元。第四季度来自持续经营业务的调整后息税折旧摊销前利润为310万美元，而去年同期为210万美元。按细分市场净销售额的百分比计算，调整后的息税折旧摊销前利润为（13.7％），而2022年第四季度为6.9％。
Net sales from continuing operations in 2023 was $109.5 million compared to $154.0 million in 2022. Operating loss from continuing operations in 2023 was $11.2 million compared to $22.2 million in the prior year. Adjusted EBITDA from continuing operations in 2023 was $(7.8) million compared to $25.7 million in the prior year. As a percentage of segment net sales, adjusted EBITDA was (7.1)% compared to 16.7% in 2022.
2023年持续经营业务的净销售额为1.095亿美元，而2022年为1.540亿美元。2023年持续经营业务的营业亏损为1,120万美元，而去年同期为2,220万美元。2023年持续经营业务的调整后息税折旧摊销前利润为780万美元，而去年同期为2570万美元。调整后的息税折旧摊销前利润占该细分市场净销售额的百分比为（7.1％），而2022年为16.7％。
Liquidity
流动性
During the fourth quarter of 2023, Ascent announced the sale of substantially all the assets of Specialty Pipe & Tube for approximately $55 million in an all-cash transaction that closed on December 22, 2023. As a result of the sale, the Company paid off its remaining balance on the revolving credit facility in the fourth quarter of 2023. As of December 31, 2023, the Company did not have any outstanding debt on its balance sheet and had $61.8 million in availability under its revolving credit facility.
在2023年第四季度，Ascent宣布以约5500万美元的价格出售Specialty Pipe & Tube的几乎所有资产，该交易于2023年12月22日结束。由于此次出售，该公司在2023年第四季度还清了循环信贷额度的剩余余额。截至2023年12月31日，该公司的资产负债表上没有任何未偿债务，其循环信贷额度下的可用资金为6180万美元。
For the year ended December 31, 2023, the Company repurchased 143,108 shares at an average cost of $8.97 per share for approximately $1.3 million.
在截至2023年12月31日的年度中，公司以约130万美元的价格回购了143,108股股票，平均每股成本为8.97美元。
Conference Call
电话会议
Ascent will conduct a conference call today at 5:00 p.m. Eastern time to discuss its results for the fourth quarter and full year ended December 31, 2023.
Ascent将于美国东部时间今天下午5点举行电话会议，讨论其截至2023年12月31日的第四季度和全年业绩。
Ascent management will host the conference call, followed by a question and answer period.
Ascent 管理层将主持电话会议，随后是问答时段。
Date: Thursday, March 28, 2024
Time: 5:00 p.m. Eastern time
Live Call Registration Link: Here
Webcast Registration Link: Here
To access the call by phone, please register via the live call registration link above or here and you will be provided with dial-in instructions and details. If you have any difficulty connecting with the conference call, please contact Gateway Group at 1-949-574-3860.
要通过电话接听电话，请通过上面的实时通话注册链接进行注册或 这里 并且将向您提供拨入说明和详细信息。如果您在接通电话会议时遇到任何困难，请致电 1-949-574-3860 与 Gateway Group 联系。
The conference call will also be broadcast live and available for replay via the webcast registration link above or here. The webcast will be archived for one year in the investor relations section of the Company's website at www.ascentco.com.
电话会议还将进行现场直播，并可通过上面的网络直播注册链接重播，或 这里。该网络直播将在公司网站的投资者关系栏目存档一年，网址为 www.ascentco.com。
About Ascent Industries Co.
关于Ascent Industries公司
Ascent Industries Co. (Nasdaq: ACNT) is a company that engages in a number of diverse business activities including the production of specialty chemicals and industrial tubular products. For more information about Ascent, please visit its website at www.ascentco.com.
艾森特工业有限公司纳斯达克股票代码：ACNT）是一家从事多种业务活动的公司，包括生产特种化学品和工业管状产品。有关 Ascent 的更多信息，请访问其网站 www.ascentco.com。
Forward-Looking Statements
前瞻性陈述
This press release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable federal securities laws. All statements that are not historical facts are forward-looking statements. Forward looking statements can be identified through the use of words such as "estimate," "project," "intend," "expect," "believe," "should," "anticipate," "hope," "optimistic," "plan," "outlook," "should," "could," "may" and similar expressions. The forward-looking statements are subject to certain risks and uncertainties which could cause actual results to differ materially from historical results or those anticipated. Readers are cautioned not to place undue reliance on these forward-looking statements and to review the risks as set forth in more detail in Ascent Industries Co.'s Securities and Exchange Commission filings, including our Annual Report on Form 10-K, which filings are available from the SEC or on our website. Ascent Industries Co. assumes no obligation to update any forward-looking information included in this release.
本新闻稿可能包括1995年《私人证券诉讼改革法》和其他适用的联邦证券法所指的 “前瞻性陈述”。所有非历史事实的陈述均为前瞻性陈述。前瞻性陈述可以通过使用 “估计”、“项目”、“打算”、“期望”、“相信”、“应该”、“预测”、“希望”、“乐观”、“计划”、“展望”、“应该”、“可以”、“可以” 等词语和类似的表述来识别。前瞻性陈述受某些风险和不确定性的影响，可能导致实际业绩与历史业绩或预期结果存在重大差异。提醒读者不要过分依赖这些前瞻性陈述，并按照Ascent Industries Co.中更详细地描述风险。”s 美国证券交易委员会文件，包括我们的10-K表年度报告，这些文件可从美国证券交易委员会或我们的网站上获得。Ascent Industries Co. 没有义务更新本新闻稿中包含的任何前瞻性信息。
Non-GAAP Financial Information
非公认会计准则财务信息
Financial statement information included in this earnings release includes non-GAAP (Generally Accepted Accounting Principles) measures and should be read along with the accompanying tables which provide a reconciliation of non-GAAP measures to GAAP measures.
本财报中包含的财务报表信息包括非GAAP（公认会计原则）指标，应与提供非公认会计准则指标对账的随附表格一起阅读。
Adjusted EBITDA is a non-GAAP financial measure that the Company believes is useful to investors in evaluating its results to determine the value of a company. An item is excluded in the measure if its periodic value is inconsistent and sufficiently material that not identifying the item would render period comparability less meaningful to the reader or if including the item provides a clearer representation of normalized periodic earnings. The Company excludes in Adjusted EBITDA two categories of items: 1) Base EBITDA components, including: interest expense, income taxes, depreciation and amortization, and 2) Material transaction costs including: goodwill impairment, asset impairment, gain on lease modification, stock-based compensation, non-cash lease cost, acquisition costs and other fees, , shelf registration costs, loss on extinguishment of debt, earn-out adjustments, , retention costs and restructuring & severance costs from net income.
调整后的息税折旧摊销前利润是一项非公认会计准则财务指标，公司认为它有助于投资者评估其业绩以确定公司的价值。如果某一项目的周期价值不一致且足够重要，以至于不确定该项目会降低读者对时期可比性的意义，或者如果将该项目纳入该项目可以更清楚地代表正常化的定期收益，则该项不包括在衡量标准中。公司在调整后的息税折旧摊销前利润中排除了两类项目：1) 基本息税折旧摊销前利润组成部分，包括：利息支出、所得税、折旧和摊销，以及 2) 重大交易成本，包括：商誉减值、资产减值、租赁修改收益、股票薪酬、非现金租赁成本、收购成本和其他费用、货架注册成本、债务清偿损失、收益调整、保留成本以及重组和遣散费来自净收入。
Management believes that these non-GAAP measures are useful because they are key measures used by our management team to evaluate our operating performance, generate future operating plans and make strategic decisions as well as allow readers to compare the financial results between periods. Non-GAAP measures should not be considered as an alternative to any measure of performance or financial condition as promulgated under GAAP, and investors should consider the Company's performance and financial condition as reported under GAAP and all other relevant information when assessing the performance or financial condition of the Company. Non-GAAP measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the Company's results or financial condition as reported under GAAP.
管理层认为，这些非公认会计准则指标很有用，因为它们是我们的管理团队用来评估我们的经营业绩、制定未来运营计划和做出战略决策以及允许读者比较不同时期的财务业绩的关键指标。不应将非公认会计准则指标视为根据公认会计原则颁布的任何业绩或财务状况衡量标准的替代方案，投资者在评估公司的业绩或财务状况时，应考虑根据公认会计原则报告的公司业绩和财务状况以及所有其他相关信息。非公认会计准则指标作为分析工具存在局限性，投资者不应孤立地考虑这些指标，也不应将其作为根据公认会计原则报告的公司业绩或财务状况分析的替代品。
| Ascent Industries Co. | |||||||
| Condensed Consolidated Balance Sheets | |||||||
| (in thousands, except par value and share data) | |||||||
| December 31, 2023 | December 31, 2022 | ||||||
| Assets | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 1,851 | $ | 1,440 | |||
| Accounts receivable, net of allowance for credit losses of $463 and $643, respectively | 26,604 | 33,202 | |||||
| Inventories | 52,306 | 67,671 | |||||
| Prepaid expenses and other current assets | 4,879 | 7,770 | |||||
| Assets held for sale | 2,912 | 380 | |||||
| Current assets of discontinued operations | 861 | 59,912 | |||||
| Total current assets | 89,413 | 170,375 | |||||
| Property, plant and equipment, net | 29,755 | 35,534 | |||||
| Right-of-use assets, operating leases, net | 27,784 | 29,142 | |||||
| Goodwill | — | 11,389 | |||||
| Intangible assets, net | 8,496 | 10,001 | |||||
| Deferred income taxes | 5,808 | 1,353 | |||||
| Deferred charges, net | 104 | 203 | |||||
| Other non-current assets, net | 1,935 | 1,862 | |||||
| Long-term assets of discontinued operations | — | 9,184 | |||||
| Total assets | $ | 163,295 | $ | 269,043 | |||
| Liabilities and Shareholders' Equity | |||||||
| Current liabilities: | |||||||
| Accounts payable | $ | 16,416 | $ | 14,114 | |||
| Accrued expenses and other current liabilities | 5,108 | 5,509 | |||||
| Current portion of note payable | 360 | 387 | |||||
| Current portion of long-term debt | — | 2,464 | |||||
| Current portion of operating lease liabilities | 1,140 | 1,015 | |||||
| Current portion of finance lease liabilities | 292 | 280 | |||||
| Current liabilities of discontinued operations | 1,473 | 9,709 | |||||
| Total current liabilities | 24,789 | 33,478 | |||||
| Long-term debt | — | 69,085 | |||||
| Long-term portion of operating lease liabilities | 29,729 | 30,869 | |||||
| Long-term portion of finance lease liabilities | 1,307 | 1,242 | |||||
| Other long-term liabilities | 60 | 68 | |||||
| Long-term liabilities of discontinued operations | — | 42 | |||||
| Total non-current liabilities | 31,096 | 101,306 | |||||
| Total liabilities | $ | 55,885 | $ | 134,784 | |||
| Commitments and contingencies | |||||||
| Shareholders' equity: | |||||||
| Common stock, par value $1 per share; 24,000,000 shares authorized; 11,085,103 and 10,094,821 shares issued and outstanding, respectively | $ | 11,085 | $ | 11,085 | |||
| Capital in excess of par value | 47,333 | 47,021 | |||||
| Retained earnings | 58,517 | 85,146 | |||||
| 116,935 | 143,252 | ||||||
| Less: cost of common stock in treasury - 990,282 and 924,504 shares, respectively | (9,525) | (8,993) | |||||
| Total shareholders' equity | 107,410 | 134,259 | |||||
| Total liabilities and shareholders' equity | $ | 163,295 | $ | 269,043 | |||
| Note: The condensed consolidated balance sheets at December 31, 2023 and 2022 have been derived from the audited consolidated financial statements at that date. | |||||||
| 艾森特工业公司 | |||||||
| 简明合并资产负债表 | |||||||
| （以千计，面值和股票数据除外） | |||||||
| 2023年12月31日 | 2022年12月31日 | ||||||
| 资产 | |||||||
| 流动资产： | |||||||
| 现金和现金等价物 | $ | 1,851 | $ | 1,440 | |||
| 应收账款，扣除信贷损失备抵额分别为463美元和643美元 | 26,604 | 33,202 | |||||
| 库存 | 52,306 | 67,671 | |||||
| 预付费用和其他流动资产 | 4,879 | 7,770 | |||||
| 持有待售资产 | 2,912 | 380 | |||||
| 已终止业务的流动资产 | 861 | 59,912 | |||||
| 流动资产总额 | 89,413 | 170,375 | |||||
| 财产、厂房和设备，净额 | 29,755 | 35,534 | |||||
| 使用权资产、经营租赁、净额 | 27,784 | 29,142 | |||||
| 善意 | — | 11,389 | |||||
| 无形资产，净额 | 8,496 | 10,001 | |||||
| 递延所得税 | 5,808 | 1,353 | |||||
| 递延费用，净额 | 104 | 203 | |||||
| 其他非流动资产，净额 | 1,935 | 1,862 | |||||
| 已终止业务的长期资产 | — | 9,184 | |||||
| 总资产 | $ | 163,295 | $ | 269,043 | |||
| 负债和股东权益 | |||||||
| 流动负债： | |||||||
| 应付账款 | $ | 16,416 | $ | 14,114 | |||
| 应计费用和其他流动负债 | 5,108 | 5,509 | |||||
| 应付票据的当期部分 | 360 | 387 | |||||
| 长期债务的流动部分 | — | 2,464 | |||||
| 经营租赁负债的流动部分 | 1,140 | 015 | |||||
| 融资租赁负债的流动部分 | 292 | 280 | |||||
| 已终止业务的流动负债 | 1,473 | 9,709 | |||||
| 流动负债总额 | 24,789 | 33,478 | |||||
| 长期债务 | — | 69,085 | |||||
| 经营租赁负债的长期部分 | 29,729 | 30,869 | |||||
| 融资租赁负债的长期部分 | 1,307 | 1,242 | |||||
| 其他长期负债 | 60 | 68 | |||||
| 已终止业务的长期负债 | — | 42 | |||||
| 非流动负债总额 | 31,096 | 101,306 | |||||
| 负债总额 | $ | 55,885 | $ | 134,784 | |||
| 承付款和意外开支 | |||||||
| 股东权益： | |||||||
| 普通股，面值每股1美元；已授权24,000,000股；已发行和流通的股票分别为11,085,103和10,094,821股 | $ | 11,085 | $ | 11,085 | |||
| 资本超过面值 | 47,333 | 47,021 | |||||
| 留存收益 | 58,517 | 85,146 | |||||
| 116,935 | 143,252 | ||||||
| 减去：国库中普通股的成本——分别为990,282股和924,504股 | (9,525) | (8,993) | |||||
| 股东权益总额 | 107,410 | 134,259 | |||||
| 负债和股东权益总额 | $ | 163,295 | $ | 269,043 | |||
| 注：截至2023年12月31日和2022年12月31日的简明合并资产负债表来自该日经审计的合并财务报表。 | |||||||
| Ascent Industries Co. | |||||||||||||||
| Condensed Consolidated Statements of Income (Loss) - Comparative Analysis (Unaudited) | |||||||||||||||
| ($ in thousands, except per share data) | |||||||||||||||
| Three Months Ended | Year Ended | ||||||||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||||||||
| Net sales | |||||||||||||||
| Tubular Products | $ | 22,765 | $ | 30,697 | $ | 109,513 | $ | 154,040 | |||||||
| Specialty Chemicals | 18,451 | 23,473 | 83,616 | 107,542 | |||||||||||
| All Other | — | 10 | 50 | 411 | |||||||||||
| 41,216 | 54,180 | 193,179 | 261,993 | ||||||||||||
| Operating income (loss) from continuing operations | |||||||||||||||
| Tubular Products | (3,995) | 1,232 | (11,210) | 22,182 | |||||||||||
| Specialty Chemicals | (1,623) | 860 | (12,558) | 6,971 | |||||||||||
| All Other | (116) | (175) | (801) | (508) | |||||||||||
| Corporate | |||||||||||||||
| Unallocated corporate expenses | (2,704) | (2,761) | (12,018) | (12,997) | |||||||||||
| Acquisition costs and other | (569) | (266) | (843) | (1,105) | |||||||||||
| Total Corporate | (3,273) | (3,027) | (12,861) | (14,102) | |||||||||||
| Operating (loss) income | (9,007) | (1,110) | (37,430) | 14,543 | |||||||||||
| Interest expense | 1,021 | 1,104 | 4,238 | 2,742 | |||||||||||
| Other, net | (249) | (34) | (593) | (209) | |||||||||||
| (Loss) income from continuing operations before income taxes | (9,779) | (2,180) | (41,075) | 12,010 | |||||||||||
| Income tax benefit | (2,244) | (6,681) | (6,924) | (5,568) | |||||||||||
| (Loss) income from continuing operations | (7,535) | 4,501 | (34,151) | 17,578 | |||||||||||
| Income (loss) from discontinued operations, net of tax | 18,674 | (4,374) | 7,522 | 4,488 | |||||||||||
| Net income (loss) | $ | 11,139 | $ | 127 | $ | (26,629) | $ | 22,066 | |||||||
| Net (loss) income per common share from continuing operations | |||||||||||||||
| Basic | $ | (0.75) | $ | 0.44 | $ | (3.37) | $ | 1.72 | |||||||
| Diluted | $ | (0.73) | $ | 0.43 | $ | (3.37) | $ | 1.69 | |||||||
| Net income (loss) per common share from discontinued operations | |||||||||||||||
| Basic | $ | 1.85 | $ | (0.43) | $ | 0.74 | $ | 0.44 | |||||||
| Diluted | $ | 1.80 | $ | (0.42) | $ | 0.74 | $ | 0.43 | |||||||
| Net income (loss) per common share | |||||||||||||||
| Basic | $ | 1.10 | $ | 0.01 | $ | (2.63) | $ | 2.16 | |||||||
| Diluted | $ | 1.07 | $ | 0.01 | $ | (2.63) | $ | 2.12 | |||||||
| Average shares outstanding | |||||||||||||||
| Basic | 10,107 | 10,213 | 10,140 | 10,230 | |||||||||||
| Diluted | 10,374 | 10,416 | 10,140 | 10,410 | |||||||||||
| Other data: | |||||||||||||||
| Adjusted EBITDA1 | $ | (5,941) | $ | 1,648 | $ | (15,934) | $ | 25,590 | |||||||
| 艾森特工业公司 | |||||||||||||||
| 简明合并损益表（亏损）-比较分析（未经审计） | |||||||||||||||
| （以千美元计，每股数据除外） | |||||||||||||||
| 三个月已结束 | 年末 | ||||||||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||||||||
| 净销售额 | |||||||||||||||
| 管状产品 | $ | 22,765 | $ | 30,697 | $ | 109,513 | $ | 154,040 | |||||||
| 特种化学品 | 18,451 | 23,473 | 83,616 | 107,542 | |||||||||||
| 所有其他 | — | 10 | 50 | 411 | |||||||||||
| 41,216 | 54,180 | 193,179 | 261,993 | ||||||||||||
| 来自持续经营业务的营业收入（亏损） | |||||||||||||||
| 管状产品 | (3,995) | 1,232 | (11,210) | 22,182 | |||||||||||
| 特种化学品 | (1,623) | 860 | (12,558) | 6,971 | |||||||||||
| 所有其他 | (116) | (175) | (801) | (508) | |||||||||||
| 企业 | |||||||||||||||
| 未分配的公司开支 | (2,704) | (2,761) | (12,018) | (12,997) | |||||||||||
| 收购成本及其他 | (569) | (266) | (843) | (1,105) | |||||||||||
| 企业合计 | (3,273) | (3,027) | (12,861) | (14,102) | |||||||||||
| 经营（亏损）收入 | (9,007) | (1,110) | (37,430) | 14,543 | |||||||||||
| 利息支出 | 1,021 | 1,104 | 4,238 | 2,742 | |||||||||||
| 其他，净额 | (249) | (34) | (593) | (209) | |||||||||||
| 所得税前持续经营业务的（亏损）收入 | (9,779) | (2,180) | (41,075) | 12,010 | |||||||||||
| 所得税优惠 | (2,244) | (6,681) | (6,924) | (5,568) | |||||||||||
| 来自持续经营业务的（亏损）收入 | (7,535) | 4,501 | (34,151) | 17,578 | |||||||||||
| 已终止业务的收入（亏损），扣除税款 | 18,674 | (4,374) | 7,522 | 4,488 | |||||||||||
| 净收益（亏损） | $ | 11,139 | $ | 127 | $ | (26,629) | $ | 22,066 | |||||||
| 来自持续经营业务的每股普通股净（亏损）收益 | |||||||||||||||
| 基本 | $ | (0.75) | $ | 0.44 | $ | (3.37) | $ | 1.72 | |||||||
| 稀释 | $ | (0.73) | $ | 0.43 | $ | (3.37) | $ | 1.69 | |||||||
| 来自已终止业务的每股普通股净收益（亏损） | |||||||||||||||
| 基本 | $ | 1.85 | $ | (0.43) | $ | 0.74 | $ | 0.44 | |||||||
| 稀释 | $ | 1.80 | $ | (0.42) | $ | 0.74 | $ | 0.43 | |||||||
| 普通股每股净收益（亏损） | |||||||||||||||
| 基本 | $ | 1.10 | $ | 0.01 | $ | (2.63) | $ | 2.16 | |||||||
| 稀释 | $ | 1.07 | $ | 0.01 | $ | (2.63) | $ | 2.12 | |||||||
| 平均已发行股数 | |||||||||||||||
| 基本 | 10,107 | 10,213 | 10,140 | 10,230 | |||||||||||
| 稀释 | 10,374 | 10,416 | 10,140 | 10,410 | |||||||||||
| 其他数据： | |||||||||||||||
| 调整后 EBITDA1 | $ | (5,941) | $ | 1,648 | $ | (15,934) | $ | 25,590 | |||||||
| 1 | The term Adjusted EBITDA is a non-GAAP financial measure that the Company believes is useful to investors in evaluating its results to determine the value of a company. An item is excluded in the measure if its periodic value is inconsistent and sufficiently material that not identifying the item would render period comparability less meaningful to the reader or if including the item provides a clearer representation of normalized periodic earnings. The Company excludes in Adjusted EBITDA two categories of items: 1) Base EBITDA components, including: interest expense, income taxes, depreciation and amortization, and 2) Material transaction costs including: goodwill impairment, asset impairment, gain on lease modification, stock-based compensation, non-cash lease cost, acquisition costs and other fees, loss on extinguishment of debt, earn-out adjustments, retention costs and restructuring & severance costs from net income. For a reconciliation of this non-GAAP measure to the most comparable GAAP equivalent, refer to the Reconciliation of Net Income (Loss) to Adjusted EBITDA. |
| 1 | 调整后息税折旧摊销前利润一词是一项非公认会计准则财务指标，公司认为它有助于投资者评估其业绩以确定公司的价值。如果某一项目的周期价值不一致且足够重要，以至于不确定该项目会降低读者对时期可比性的意义，或者如果将该项目纳入该项目可以更清楚地代表正常化的定期收益，则该项不包括在衡量标准中。公司在调整后的息税折旧摊销前利润中排除了两类项目：1) 基本息税折旧摊销前利润组成部分，包括：利息支出、所得税、折旧和摊销；2) 重大交易成本，包括：商誉减值、资产减值、租赁修改收益、股票薪酬、非现金租赁成本、收购成本和其他费用、债务清偿损失、收益调整、保留成本以及净收益中的重组和遣散成本。有关该非公认会计准则指标与最具可比性的GAAP等值的对账，请参阅净收益（亏损）与调整后息税折旧摊销前利润的对账。 |
| Ascent Industries Co. | |||||||
| Consolidated Statements of Cash Flows | |||||||
| ($ in thousands) | |||||||
| Year Ended December 31, | |||||||
| 2023 | 2022 | ||||||
| Operating activities | |||||||
| Net (loss) income | $ | (26,629) | $ | 22,066 | |||
| Net income from discontinued operations, net of tax | 7,522 | 4,488 | |||||
| Net (loss) income from continuing operations | (34,151) | 17,578 | |||||
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||||||
| Depreciation expense | 6,161 | 6,421 | |||||
| Amortization expense | 1,505 | 1,853 | |||||
| Amortization of debt issuance costs | 99 | 99 | |||||
| Goodwill impairment | 11,389 | — | |||||
| Deferred income taxes | (6,924) | (5,568) | |||||
| Payments of earn-out liabilities in excess of acquisition date fair value | — | (372) | |||||
| Provision for losses on accounts receivable | (180) | 478 | |||||
| Provision for losses on inventories | 3,318 | 2,615 | |||||
| Loss (gain) on disposal of property, plant and equipment | 246 | (18) | |||||
| Non-cash lease expense | 242 | 414 | |||||
| Issuance of treasury stock for director fees | — | 364 | |||||
| Stock-based compensation expense | 1,023 | 1,355 | |||||
| Changes in operating assets and liabilities: | |||||||
| Accounts receivable | 6,778 | (264) | |||||
| Inventories | 12,245 | (13,685) | |||||
| Other assets and liabilities | 515 | (211) | |||||
| Accounts payable | 1,650 | (6,269) | |||||
| Accounts payable - related parties | — | (2) | |||||
| Accrued expenses | (401) | (2,127) | |||||
| Accrued income taxes | 3,129 | (7,923) | |||||
| Net cash provided by (used in) operating activities - continuing operations | 6,644 | (5,262) | |||||
| Net cash provided by operating activities - discontinued operations | 16,434 | 10,839 | |||||
| Net cash provided by operating activities | 23,078 | 5,577 | |||||
| Investing activities | |||||||
| Purchases of property, plant and equipment | (2,885) | (3,394) | |||||
| Proceeds from disposal of property, plant and equipment | — | 99 | |||||
| Net cash used in investing activities - continuing operations | (2,885) | (3,295) | |||||
| Net cash provided by (used in) investing activities - discontinued operations | 53,386 | (1,680) | |||||
| Net cash provided by (used in) investing activities | 50,501 | (4,975) | |||||
| Financing activities | |||||||
| Borrowings from long-term debt | 256,606 | 443,363 | |||||
| Proceeds from note payable | 900 | 967 | |||||
| Proceeds from the exercise of stock options | — | 175 | |||||
| Payments on long-term debt | (328,155) | (442,206) | |||||
| Payments on note payable | (928) | (580) | |||||
| Principal payments on finance lease obligations | (305) | (266) | |||||
| Payments on earn-out liabilities | — | (484) | |||||
| Repurchase of common stock | (1,287) | (1,343) | |||||
| Net cash used in financing activities - continuing operations | (73,169) | (374) | |||||
| Net cash used in financing activities - discontinued operations | — | (808) | |||||
| Net cash used in financing activities | (73,169) | (1,182) | |||||
| Increase (decrease) in cash and cash equivalents | 410 | (580) | |||||
| Less: Cash and cash equivalents of discontinued operations | — | 4 | |||||
| Cash and cash equivalents, beginning of period | 1,441 | 2,017 | |||||
| Cash and cash equivalents, end of period | $ | 1,851 | $ | 1,441 | |||
| 艾森特工业公司 | |||||||
| 合并现金流量表 | |||||||
| （以千美元计） | |||||||
| 截至12月31日的财年 | |||||||
| 2023 | 2022 | ||||||
| 经营活动 | |||||||
| 净（亏损）收入 | $ | (26,629) | $ | 22,066 | |||
| 已终止业务的净收入，扣除税款 | 7,522 | 4,488 | |||||
| 来自持续经营的净（亏损）收入 | (34,151) | 17,578 | |||||
| 为调节净（亏损）收入与经营活动提供的净现金而进行的调整： | |||||||
| 折旧费用 | 6,161 | 6,421 | |||||
| 摊销费用 | 1,505 | 1,853 | |||||
| 债务发行成本的摊销 | 99 | 99 | |||||
| 商誉减值 | 11,389 | — | |||||
| 递延所得税 | (6,924) | (5,568) | |||||
| 超过收购日公允价值的盈利负债的支付 | — | (372) | |||||
| 应收账款损失准备金 | (180) | 478 | |||||
| 存货损失准备金 | 3,318 | 2615 | |||||
| 处置财产、厂房和设备的损失（收益） | 246 | (18) | |||||
| 非现金租赁费用 | 242 | 414 | |||||
| 发行库存股以支付董事费 | — | 364 | |||||
| 股票薪酬支出 | 1,023 | 1,355 | |||||
| 运营资产和负债的变化： | |||||||
| 应收账款 | 6,778 | (264) | |||||
| 库存 | 12,245 | (13,685) | |||||
| 其他资产和负债 | 515 | (211) | |||||
| 应付账款 | 1,650 | (6,269) | |||||
| 应付账款-关联方 | — | (2) | |||||
| 应计费用 | (401) | (2,127) | |||||
| 应计所得税 | 3,129 | (7,923) | |||||
| （用于）经营活动提供的净现金——持续经营 | 6,644 | (5,262) | |||||
| 经营活动提供的净现金——已终止的业务 | 16,434 | 10,839 | |||||
| 经营活动提供的净现金 | 23,078 | 5,577 | |||||
| 投资活动 | |||||||
| 购买不动产、厂房和设备 | (2,885) | (3,394) | |||||
| 处置财产、厂房和设备的收益 | — | 99 | |||||
| 用于投资活动的净现金——持续经营 | (2,885) | (3,295) | |||||
| （用于）投资活动提供的净现金——已终止的业务 | 53,386 | (1,680) | |||||
| 由（用于）投资活动提供的净现金 | 50,501 | (4,975) | |||||
| 筹资活动 | |||||||
| 从长期债务中借款 | 256,606 | 443,363 | |||||
| 应付票据的收益 | 900 | 967 | |||||
| 行使股票期权的收益 | — | 175 | |||||
| 长期债务的付款 | (328,155) | (442,206) | |||||
| 应付票据付款 | (928) | (580) | |||||
| 融资租赁债务的本金支付 | (305) | (266) | |||||
| 盈利负债的付款 | — | (484) | |||||
| 回购普通股 | (1,287) | (1,343) | |||||
| 用于融资活动的净现金——持续经营 | (73,169) | (374) | |||||
| 用于融资活动的净现金——已终止的业务 | — | (808) | |||||
| 用于融资活动的净现金 | (73,169) | (1,182) | |||||
| 现金和现金等价物的增加（减少） | 410 | (580) | |||||
| 减去：已终止业务的现金和现金等价物 | — | 4 | |||||
| 现金和现金等价物，期初 | 1,441 | 2,017 | |||||
| 现金和现金等价物，期末 | $ | 1,851 | $ | 1,441 | |||
| Ascent Industries Co. | |||||||||||||||
| Non-GAAP Financial Measures Reconciliation | |||||||||||||||
| Reconciliation of Net Income (Loss) to Adjusted EBITDA (Unaudited) | |||||||||||||||
| ($ in thousands) | |||||||||||||||
| Three Months Ended | Year Ended | ||||||||||||||
| ($ in thousands) | 2023 | 2022 | 2023 | 2022 | |||||||||||
| Consolidated | |||||||||||||||
| Net (loss) income from continuing operations | $ | (7,535) | $ | 4,501 | $ | (34,151) | $ | 17,578 | |||||||
| Adjustments: | |||||||||||||||
| Interest expense | 1,021 | 1,104 | 4,238 | 2,742 | |||||||||||
| Income taxes | (2,244) | (6,681) | (6,924) | (5,568) | |||||||||||
| Depreciation | 1,527 | 1,579 | 6,161 | 6,421 | |||||||||||
| Amortization | 376 | 429 | 1,505 | 1,853 | |||||||||||
| EBITDA | (6,855) | 932 | (29,171) | 23,026 | |||||||||||
| Acquisition costs and other | 579 | 266 | 856 | 1,104 | |||||||||||
| Shelf registration costs | — | 12 | — | 12 | |||||||||||
| Goodwill impairment | — | — | 11,389 | — | |||||||||||
| Gain on lease modification | — | — | — | (2) | |||||||||||
| Stock-based compensation | 224 | 283 | 594 | 962 | |||||||||||
| Non-cash lease expense | 52 | 91 | 242 | 414 | |||||||||||
| Retention expense | 20 | — | 26 | — | |||||||||||
| Restructuring and severance costs | 39 | 64 | 130 | 74 | |||||||||||
| Adjusted EBITDA | $ | (5,941) | $ | 1,648 | $ | (15,934) | $ | 25,590 | |||||||
| % sales | (14.4)% | 3.0% | (8.2)% | 9.8% | |||||||||||
| 艾森特工业公司 | |||||||||||||||
| 非公认会计准则财务指标对账 | |||||||||||||||
| 净收益（亏损）与调整后息税折旧摊销前利润的对账（未经审计） | |||||||||||||||
| （以千美元计） | |||||||||||||||
| 三个月已结束 | 年末 | ||||||||||||||
| （以千美元计） | 2023 | 2022 | 2023 | 2022 | |||||||||||
| 合并 | |||||||||||||||
| 来自持续经营的净（亏损）收入 | $ | (7,535) | $ | 4,501 | $ | (34,151) | $ | 17,578 | |||||||
| 调整： | |||||||||||||||
| 利息支出 | 1,021 | 1,104 | 4,238 | 2,742 | |||||||||||
| 所得税 | (2,244) | (6,681) | (6,924) | (5,568) | |||||||||||
| 折旧 | 1,527 | 1,579 | 6,161 | 6,421 | |||||||||||
| 摊销 | 376 | 429 | 1,505 | 1,853 | |||||||||||
| EBITDA | (6,855) | 932 | (29,171) | 23,026 | |||||||||||
| 收购成本及其他 | 579 | 266 | 856 | 1,104 | |||||||||||
| 货架注册费用 | — | 12 | — | 12 | |||||||||||
| 商誉减值 | — | — | 11,389 | — | |||||||||||
| 修改租约的收益 | — | — | — | (2) | |||||||||||
| 基于股票的薪酬 | 224 | 283 | 594 | 962 | |||||||||||
| 非现金租赁费用 | 52 | 91 | 242 | 414 | |||||||||||
| 留存费用 | 20 | — | 26 | — | |||||||||||
| 重组和遣散费 | 39 | 64 | 130 | 74 | |||||||||||
| 调整后的息税折旧摊销前 | $ | (5,941) | $ | 1,648 | $ | (15,934) | $ | 25,590 | |||||||
| 销售额百分比 | (14.4)% | 3.0% | (8.2)% | 9.8% | |||||||||||
| Tubular Products | |||||||||||||||
| Net (loss) income from continuing operations | $ | (3,995) | $ | 1,232 | $ | (11,210) | $ | 22,182 | |||||||
| Adjustments: | |||||||||||||||
| Depreciation expense | 557 | 609 | 2,274 | 2,500 | |||||||||||
| Amortization expense | 217 | 238 | 871 | 951 | |||||||||||
| EBITDA | (3,221) | 2,079 | (8,065) | 25,633 | |||||||||||
| Stock-based compensation | 74 | 11 | 58 | 46 | |||||||||||
| Non-cash lease expense | 25 | — | 118 | — | |||||||||||
| Retention expense | 8 | — | 8 | — | |||||||||||
| Restructuring and severance costs | — | 20 | 84 | 20 | |||||||||||
| Tubular Products Adjusted EBITDA | $ | (3,114) | $ | 2,110 | $ | (7,797) | $ | 25,699 | |||||||
| % segment sales | (13.7)% | 6.9% | (7.1)% | 16.7% | |||||||||||
| Specialty Chemicals | |||||||||||||||
| Net (loss) income | $ | (1,644) | $ | 852 | $ | (12,619) | $ | 6,935 | |||||||
| Adjustments: | |||||||||||||||
| Interest expense | 22 | 9 | 74 | 36 | |||||||||||
| Depreciation expense | 948 | 949 | 3,798 | 3,846 | |||||||||||
| Amortization expense | 158 | 191 | 634 | 903 | |||||||||||
| EBITDA | (516) | 2,001 | (8,113) | 11,720 | |||||||||||
| Acquisition costs and other | 10 | — | 12 | — | |||||||||||
| Goodwill impairment | — | — | 11,389 | — | |||||||||||
| Stock-based compensation | 21 | 12 | 8 | 41 | |||||||||||
| Non-cash lease expense | 19 | — | 88 | 2 | |||||||||||
| Restructuring and severance costs | 40 | 8 | 40 | 8 | |||||||||||
| Specialty Chemicals Adjusted EBITDA | $ | (426) | $ | 2,021 | $ | 3,424 | $ | 11,771 | |||||||
| % segment sales | (2.3)% | 8.6% | 4.1% | 10.9% | |||||||||||
| 管状产品 | |||||||||||||||
| 来自持续经营的净（亏损）收入 | $ | (3,995) | $ | 1,232 | $ | (11,210) | $ | 22,182 | |||||||
| 调整： | |||||||||||||||
| 折旧费用 | 557 | 609 | 2,274 | 2500 | |||||||||||
| 摊销费用 | 217 | 238 | 871 | 951 | |||||||||||
| EBITDA | (3,221) | 2,079 | (8,065) | 25,633 | |||||||||||
| 基于股票的薪酬 | 74 | 11 | 58 | 46 | |||||||||||
| 非现金租赁费用 | 25 | — | 118 | — | |||||||||||
| 留存费用 | 8 | — | 8 | — | |||||||||||
| 重组和遣散费 | — | 20 | 84 | 20 | |||||||||||
| 管状产品调整后的息税折旧摊销前利润 | $ | (3,114) | $ | 2,110 | $ | (7,797) | $ | 25,699 | |||||||
| 细分市场销售额百分比 | (13.7)% | 6.9% | (7.1)% | 16.7% | |||||||||||
| 特种化学品 | |||||||||||||||
| 净（亏损）收入 | $ | (1,644) | $ | 852 | $ | (12,619) | $ | 6,935 | |||||||
| 调整： | |||||||||||||||
| 利息支出 | 22 | 9 | 74 | 36 | |||||||||||
| 折旧费用 | 948 | 949 | 3,798 | 3,846 | |||||||||||
| 摊销费用 | 158 | 191 | 634 | 903 | |||||||||||
| EBITDA | (516) | 2,001 | (8,113) | 11,720 | |||||||||||
| 收购成本及其他 | 10 | — | 12 | — | |||||||||||
| 商誉减值 | — | — | 11,389 | — | |||||||||||
| 基于股票的薪酬 | 21 | 12 | 8 | 41 | |||||||||||
| 非现金租赁费用 | 19 | — | 88 | 2 | |||||||||||
| 重组和遣散费 | 40 | 8 | 40 | 8 | |||||||||||
| 特种化学品调整后的息税折旧摊销前 | $ | (426) | $ | 2,021 | $ | 3,424 | $ | 11,771 | |||||||
| 细分市场销售额百分比 | (2.3)% | 8.6% | 4.1% | 10.9% | |||||||||||
View source version on businesswire.com: https://www.businesswire.com/news/home/20240328924168/en/
在 businesswire.com 上查看源版本： https://www.businesswire.com/news/home/20240328924168/en/
Company Contact
Ryan Kavalauskas
Chief Financial Officer
1-630-884-9181
Investor Relations
Cody Slach and Cody Cree
Gateway Group, Inc.
1-949-574-3860
ACNT@gateway-grp.com
公司联系人
瑞安·卡瓦劳斯卡斯
首席财务官
1-630-884-9181
投资者关系
Cody Slach 和 Cody Cree
盖特威集团有限公司
1-949-574-3860
ACNT@gateway-grp.com
Source: Ascent Industries Co.
来源：Ascent Industries Co.
Released March 28, 2024
2024 年 3 月 28 日发布