{"schema_version":"secwatch.filing_event.v1","accession":"0000095953-22-000083","form_type":"8-K","ticker":"ACNT","cik":"0000095953","company_name":"ASCENT INDUSTRIES CO.","filed_at":"2022-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:54.135647+00:00","generated_at":"2026-06-22T04:56:48.090246+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Ascent Q3 revenue up 16% to $100.2M; net income drops 92% to $0.6M ($0.06 EPS)","bullets":["Net sales $100.2M (+16% YoY) but gross profit margin fell to 11.5% from 20.9% on higher input/labor costs.","Adjusted EBITDA $5.6M (5.6% margin) vs $14.8M (17.2%) in Q3 2021; tubular segment operating income halved to $4.5M.","Chemicals segment net sales rose 70% to $27.3M; Adjusted EBITDA up 55% to $2.7M (10.0% margin).","Total debt $72.6M; available borrowing capacity $36.7M; repurchased 30,200 shares at avg $16.29 during quarter.","Management cites pricing pressure, import competition, and destocking headwinds; plans focus on higher-margin mix."],"urls":{"canonical":"https://secwatch.observer/filing/0000095953-22-000083","json":"https://secwatch.observer/filing/0000095953-22-000083.json","markdown":"https://secwatch.observer/filing/0000095953-22-000083.md","text":"https://secwatch.observer/filing/0000095953-22-000083.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/95953/000009595322000083/0000095953-22-000083-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/95953/000009595322000083/acnt-20221108.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T04:56:48.090246+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fa88c0b5c24fddc1e7bdfeafce6935c1ee787b49","claim":"ASCENT INDUSTRIES CO. reported the third quarter ended September 30, 2022 results: revenue $100.2 million, net income $0.6 million, EPS $0.06 diluted earnings per share.","evidence_excerpt":"our strategy, further unlocking value across our platform and driving long-term results for our shareholders.” 1 Third Quarter 2022 Financial Results Net sales increased 16% to $100.2 million compared to $86.2 million in the prior year period, attributable to favorable tubular pricing early in the quarter, as well as the ongoing shift to higher priced products. Gross","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/95953/000009595322000083/0000095953-22-000083-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2022"},{"label":"Revenue","value":"$100.2 million"},{"label":"Net income","value":"$0.6 million"},{"label":"EPS","value":"$0.06 diluted earnings per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}