{"schema_version":"secwatch.filing_event.v1","accession":"0000095953-24-000026","form_type":"8-K","ticker":"ACNT","cik":"0000095953","company_name":"ASCENT INDUSTRIES CO.","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.590148+00:00","generated_at":"2026-06-02T15:16:17.005895+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Ascent Q1 net loss narrows to $4.7M on $44.1M revenue, down 20% YoY","bullets":["Net sales of $44.1M fell 19.6% YoY; gross margin improved to 5.7% from 2.7%.","Net loss from continuing ops of $4.7M ($0.47 diluted loss per share) vs. $5.8M loss a year ago.","Adjusted EBITDA loss of $3.1M improved from $3.7M loss; margin was (7.1)% vs. (6.8)%.","Chemicals segment adj. EBITDA margin fell to (1.4)% from 10.5%; Tubular loss narrowed to (3.0)%.","Zero debt drawn on $63.6M revolver; repurchased 16,330 shares for ~$0.2M in Q1."],"urls":{"canonical":"https://secwatch.observer/filing/0000095953-24-000026","json":"https://secwatch.observer/filing/0000095953-24-000026.json","markdown":"https://secwatch.observer/filing/0000095953-24-000026.md","text":"https://secwatch.observer/filing/0000095953-24-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/95953/000009595324000026/0000095953-24-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/95953/000009595324000026/acnt-20240508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T15:16:17.005895+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":"e0edc8d5aa393cb9a266a54902daaa5bad66d351","claim":"ASCENT INDUSTRIES CO. reported first quarter ended March 31, 2024 results: revenue $44.1 million, net income $(4.7) million net loss, EPS $(0.47) diluted loss per share.","evidence_excerpt":"results throughout 2024. We are on the right track to create durable value for shareholders.” First Quarter 2024 Financial Results Net sales from continuing operations were $44.1 million compared to $54.9 million in the first quarter of 2023, primarily attributable to decreased end-market demand and de-stocking trends across both segments. Gross profit from","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/95953/000009595324000026/0000095953-24-000026-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$44.1 million"},{"label":"Net income","value":"$(4.7) million net loss"},{"label":"EPS","value":"$(0.47) 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"}