---
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"
generated_at: "2026-06-22T04:56:48.090246+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ascent Q3 revenue up 16% to $100.2M; net income drops 92% to $0.6M ($0.06 EPS)

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000095953-22-000083
- JSON: https://secwatch.observer/filing/0000095953-22-000083.json
- Plain text: https://secwatch.observer/filing/0000095953-22-000083.txt

## Key facts
- Earnings Releases
  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.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $100.2 million
  - Net income: $0.6 million
  - EPS: $0.06 diluted earnings per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/95953/000009595322000083/0000095953-22-000083-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.