Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.97
ASCENT INDUSTRIES CO. reported first quarter ended March 31, 2026 results: revenue $19.4 million, net income $(2.0) million, EPS $(0.21) per diluted share.
- Period
- first quarter ended March 31, 2026
- Revenue
- $19.4 million
- Net income
- $(2.0) million
- EPS
- $(0.21) per diluted share
- Result
- reported results
Exact text from the filing
on targeted acquisitions, and returning capital to shareholders where we see compelling value.” First Quarter 2026 Financial Results Net sales from continuing operations were $19.4 million compared to $17.8 million in the first quarter of 2025. The increase was a result of increases in volume and average selling prices. Gross profit from continuing operations
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
ASCENT INDUSTRIES CO. completed an acquisition involving Midwest Graphics Sales Inc. and Sigma Coatings, Inc. for $14,000,000 (closed 2026-05-04).
- Action
- acquisition
- Counterparty
- Midwest Graphics Sales Inc. and Sigma Coatings, Inc.
- Consideration
- $14,000,000
- Closing
- 2026-05-04
Exact text from the filing
the Company purchased substantially all of the assets and certain specified liabilities of Seller for $14,000,000, subject to certain customary adjustments for working capital, transaction expenses, and cash, on the terms and subject to the conditions set forth in the Purchase Agreement (the “Transaction”). The Transaction closed simultaneously with the execution of the Purchase Agreement.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
ASCENT INDUSTRIES CO. entered into Purchase Agreement with Midwest Graphics Sales Inc. and Sigma Coatings, Inc. valued at $14,000,000 (effective 2026-05-04).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Midwest Graphics Sales Inc. and Sigma Coatings, Inc.
- Value
- $14,000,000
- Effective
- 2026-05-04
Exact text from the filing
On May 4, 2026, Ascent Industries Co. (the “Company”) entered into a definitive agreement (the "Purchase Agreement”) with Midwest Graphics Sales Inc., an Illinois corporation and affiliated entity Sigma Coatings, Inc., an Illinois corporation, collectively (“Seller"), pursuant to which the Company purchased substantially all of the assets and certain specified liabilities of Seller for $14,000,000, subject to certain customary adjustments for working capital, transaction expenses, and cash, on the terms and subject to the conditions set forth in the Purchase Agreement (the “Transaction”).
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