Ascent's Q1: Strong Sales, Acquisition, & Margin Recovery

Ascents Q1 numbers are impressive, with net sales up 8.9% and pounds shipped rising 7.6%. They converted 31 projects into real revenue, pulling in $7.6 million annually. Their pipeline is booming, up 34% QoQ, and theyve acquired Midwest for $13 million, adding 60 customers and high-margin demand. While margins dipped, they attribute it to ramping new wins and material costs improving. Cash sits at $47.8 million, no debt, and theyre targeting full-year margins back to the low twenties and long-term at 30%. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/307f5145177bcd51