{"schema_version":"secwatch.filing_event.v1","accession":"0000095953-23-000053","form_type":"8-K","ticker":"ACNT","cik":"0000095953","company_name":"ASCENT INDUSTRIES CO.","filed_at":"2023-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.490102+00:00","generated_at":"2026-06-08T12:49:58.557516+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Ascent Industries Q3 net loss $12.8M; sales down 28% to $56.1M","bullets":["Diluted loss per share $1.26 vs $0.30 income in Q3 2022; includes $11.4M goodwill impairment in chemicals.","Adjusted EBITDA $0.9M (1.7% margin) vs $8.2M (10.5%) in prior year.","Tubular segment sales $36.1M (-29% YoY); Chemicals sales $20.1M (-26% YoY).","Appointed Bryan Kitchen as president of Ascent Chemicals; repurchased 44,799 shares at avg $8.87.","Total debt reduced to $53.0M from $71.5M at Dec 2022; $41.8M available revolver capacity."],"urls":{"canonical":"https://secwatch.observer/filing/0000095953-23-000053","json":"https://secwatch.observer/filing/0000095953-23-000053.json","markdown":"https://secwatch.observer/filing/0000095953-23-000053.md","text":"https://secwatch.observer/filing/0000095953-23-000053.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/95953/000009595323000053/0000095953-23-000053-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/95953/000009595323000053/acnt-20231108.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T12:49:58.557516+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":"3f2926985b022b99aa7ee7837ef170f0e2e51851","claim":"ASCENT INDUSTRIES CO. reported third quarter ended September 30, 2023 results: revenue $56.1 million, net income $(12.8) million, EPS $(1.26) diluted loss per share.","evidence_excerpt":"Net sales from continuing operations were $56.1 million compared to $78.2 million in the prior year period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/95953/000009595323000053/0000095953-23-000053-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Revenue","value":"$56.1 million"},{"label":"Net income","value":"$(12.8) million"},{"label":"EPS","value":"$(1.26) diluted 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"}