Ascent Industries Currently Expects To Incur Pre-tax Cash Charges Of $2.8M-$6.7M In Connection With Munhall Closure In FY23
Portfolio Pulse from Benzinga Newsdesk
Ascent Industries expects to incur pre-tax cash charges of $2.8M-$6.7M in connection with the closure of its Munhall facility in FY23.
June 07, 2023 | 8:56 pm
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Ascent Industries expects to face $2.8M-$6.7M in pre-tax cash charges due to the Munhall facility closure in FY23.
Ascent Industries' announcement of the expected pre-tax cash charges of $2.8M-$6.7M due to the Munhall facility closure in FY23 is likely to have a negative impact on the company's stock price in the short term. The charges represent a significant financial burden for the company, which may affect its profitability and financial performance. This news is highly relevant to ACNT as it directly pertains to the company's operations and financial outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100