From TokenPost · · 40s
Ascent Industries Targets $3M-$5M Gross Profit Gain
Ascent Industries aims for $3m-$5m annual gross profit boost.
In brief
Ascent Industries aims for $3m-$5m annual gross profit boost. Ascent Industries expects to increase annualized gross profit by $3 million to $5 million. Originally reported by TokenPost.
Third Quarter Results
Ascent Industries reported third-quarter net sales of $27.1 million, a 37.8% year-over-year increase.
Profit Improvement Target
The company aims to boost annualized gross profit by $3 million to $5 million while expecting fourth-quarter earnings to compress from third-quarter levels.
Sales Pipeline Growth
Ascent's sales pipeline reached a record $135 million, with over $50 million structured in the Midwest region.
What it means
Ascent Industries expects to increase annualized gross profit by $3 million to $5 million.
