{"schema_version":"secwatch.filing_event.v1","accession":"0000095953-24-000016","form_type":"8-K","ticker":"ACNT","cik":"0000095953","company_name":"ASCENT INDUSTRIES CO.","filed_at":"2024-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.402638+00:00","generated_at":"2026-06-04T06:54:09.506075+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 Q4 net loss $7.5M; full year loss $34.2M; debt eliminated","bullets":["Q4 net sales $41.2M (-23.9% YoY); net loss $7.5M ($0.73 diluted loss per share).","Full year net loss $34.2M ($3.37 diluted loss per share); adjusted EBITDA -$15.9M.","Sold Specialty Pipe & Tube assets for $55M cash; proceeds cleared all outstanding debt.","As of Dec 31, 2023, no debt and $61.8M available under revolving credit facility.","Repurchased 143,108 shares at avg $8.97 for ~$1.3M during 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000095953-24-000016","json":"https://secwatch.observer/filing/0000095953-24-000016.json","markdown":"https://secwatch.observer/filing/0000095953-24-000016.md","text":"https://secwatch.observer/filing/0000095953-24-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/95953/000009595324000016/0000095953-24-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/95953/000009595324000016/acnt-20240328.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T06:54:09.506075+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":"5add0ac5b8fee5f3ab7276bd96f21fe6a0e4e09a","claim":"ASCENT INDUSTRIES CO. reported financial results for fourth quarter and full year ended December 31, 2023.","evidence_excerpt":"On March 28, 2024, Ascent Industries Co. (\"the Company\") issued a press release announcing financial information for its fourth quarter and fiscal year ended December 31, 2023. The press release is attached as Exhibit 99.1 to this Form 8-K and is furnished to, but not filed with, the Commission.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/95953/000009595324000016/0000095953-24-000016-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and full year ended December 31, 2023"},{"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"}