{"schema_version":"secwatch.filing_event.v1","accession":"0000095953-23-000022","form_type":"8-K","ticker":"ACNT","cik":"0000095953","company_name":"ASCENT INDUSTRIES CO.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.975892+00:00","generated_at":"2026-06-15T11:43:29.419118+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 Industries Q1 net loss $5.2M, adjusted EBITDA -$1.6M, sales down 29% YoY","bullets":["Net sales $82.5M vs $116.2M Q1 2022; gross margin fell to 5.2% from 19.4%.","Tubular segment sales $58.7M (-34% YoY), operating loss $2.5M; Chemicals sales $23.7M, operating income $1.4M.","Munhall facility contributed $4.0M net loss and -$2.8M adjusted EBITDA; strategic alternatives being evaluated.","Total debt reduced to $58.7M from $71.5M at Dec 31, 2022; available borrowing capacity $50.0M.","Repurchased 32,313 shares at avg $10.11 for ~$0.3M; 647,666 shares remain under authorization."],"urls":{"canonical":"https://secwatch.observer/filing/0000095953-23-000022","json":"https://secwatch.observer/filing/0000095953-23-000022.json","markdown":"https://secwatch.observer/filing/0000095953-23-000022.md","text":"https://secwatch.observer/filing/0000095953-23-000022.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/95953/000009595323000022/0000095953-23-000022-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/95953/000009595323000022/acnt-20230509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T11:43:29.419118+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":"a7390145ec222d48d56930ee2394725453b676ce","claim":"ASCENT INDUSTRIES CO. reported the first quarter ended March 31, 2023 results: revenue $82.5 million, net income Net loss was $5.2 million, EPS $(0.51) loss per share.","evidence_excerpt":"committed to delivering long-term value to our shareholders through a culture of hard work and performance-based results.” 1 First Quarter 2023 Financial Results Net sales were $82.5 million compared to $116.2 million in the prior year period. The decrease is primarily due to the intentional reduction in low-margin sales and lower overall volumes within the tubular","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/95953/000009595323000022/0000095953-23-000022-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Revenue","value":"$82.5 million"},{"label":"Net income","value":"Net loss was $5.2 million"},{"label":"EPS","value":"$(0.51) loss 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"}