---
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"
generated_at: "2026-06-04T06:54:09.506075+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ascent Industries Q4 net loss $7.5M; full year loss $34.2M; debt eliminated

## Summary
- 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.

## SEC filing metadata
- 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
- 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/95953/000009595324000016/0000095953-24-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/95953/000009595324000016/acnt-20240328.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000095953-24-000016
- JSON: https://secwatch.observer/filing/0000095953-24-000016.json
- Plain text: https://secwatch.observer/filing/0000095953-24-000016.txt

## Key facts
- Earnings Releases
  ASCENT INDUSTRIES CO. reported financial results for fourth quarter and full year ended December 31, 2023.
  - Period: fourth quarter and full year ended December 31, 2023
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/95953/000009595324000016/0000095953-24-000016-index.htm

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