Highest-materiality recent filing
Ascent Industries presents at LD Micro conference; no financial specifics in filing body
Presented at LD Micro Invitational XVI on May 18, 2026, with slides containing non-GAAP financial measures.
$14M cash acquisition of Midwest Graphic Sales and Sigma Coatings closed May 4, 2026; immediately accretive to cash and EBITDA.
Board expanded to 7; appoints Carmen Giannantonio (ex-DuPont M&A, $200B+ deals) and Jeremy Rohen (Tilley CEO, ex-Axalta) as independent directors.
Ascent Industries furnishes investor presentation; no material financial updates disclosed
Investor presentation provided to investors on March 23, 2026.
Ascent Industries Q4 net loss $1.0M, FY25 gross margin expands to 23.0%
Q4 net sales $18.8M (+3.9% YoY); gross profit $3.4M (-2.9%); net loss $1.0M vs net income $0.2M.
Ascent Industries authorizes new 2.0M-share buyback; adopts 10b5-1 plan
Board authorized repurchase of up to 2.0M shares over 24 months ending Dec 16, 2027.
Obtained limited waiver of Event of Default from lenders for exceeding share repurchase threshold; no acceleration occurred.
Ascent Industries presents at iAccess Alpha conference; no specific financial updates disclosed
Investor presentation furnished under Item 7.01 on December 9, 2025.
Ascent Industries eliminates $2.1M in annual costs via lease assignment for idled Munhall facility
Lease for former tubular facility in Munhall, PA assigned to new tenant by STORE; effective Nov 14, 2025.
Ascent Q3 2025: gross profit nearly doubles to $5.8M; adjusted EBITDA turns positive $1.4M
Net sales $19.7M (-5.7% YoY); gross profit $5.8M (+94.2%), margin 29.7% vs 14.4%.
Ascent Industries adopts Rule 10b5-1 plan to repurchase up to 350,000 shares
Plan covers up to 350,000 shares with daily purchases based on specified price targets.
Ascent Industries presents at Midwest Ideas Conference on Aug 26, 2025
Investor presentation filed as Regulation FD disclosure; no new financial results or guidance provided in filing text.
Net sales from continuing ops $18.7M, down 13% YoY; gross profit $4.9M (+73%) with margin expanding 1,298 bps to 26.1%.
Closed sale of ASTI to First Tube LLC (Triple-S Steel) on June 30, 2025 for ~$16M cash.
Ascent Industries joins Russell 2000 and Russell 3000 indexes effective June 30
Inclusion in Russell 2000 and Russell 3000 indexes effective at U.S. market open on June 30, 2025.
Ascent Industries sells ASTI for $16M cash, finalizes tubular exit
All-cash sale to First Tube, LLC (Triple-S Steel unit) for ~$16M; expected close June 30, 2025.
Ascent Industries shareholders elect all six directors; say-on-pay and auditor ratified
All six director nominees elected; Henry L. Guy received 4,190,648 for vs 2,749,600 against.
Ascent Industries adopts 10b5-1 plan to repurchase up to 350,000 shares
Rule 10b5-1 trading plan authorizes repurchase of up to 350,000 common shares.
Ascent Industries adjourns 2025 annual meeting to June 25 to solicit more proxies
Meeting called June 11, 2025; adjourned without opening polls to gather additional votes.
Ascent Industries appoints Baker Tilly as auditor after Moss Adams merger
Moss Adams merged with Baker Tilly effective June 3, 2025; Moss Adams resigned as auditor.
Ascent Industries repurchases 499,700 shares (5% of outstanding) at $12.00 each under 10b5-1 plan
Purchased 499,700 shares on May 16, 2025 at $12.00/share from a shareholder.
Ascent Industries Q1 net loss narrows to $1.0M; gross margin expands to 19.4%
Q1 2025 net sales from continuing ops $24.7M, down 11.8% YoY; gross profit doubled to $4.8M.
Ascent Industries to present at Planet MicroCap and Oppenheimer conferences in April-May 2025
CEO Bryan Kitchen states company is positioned for growth after stabilizing foundation and delivering healthy earnings growth.
Ascent completes $45M sale of Bristol Metals to Ta Chen; credit line cut to $30M
Sale of BRISMET assets closed April 4, 2025 for ~$45M in cash; proceeds to fund Specialty Chemicals growth.
Ascent Industries adopts 10b5-1 plan to repurchase up to 1.0M shares
Plan authorizes repurchase of up to 1.0 million shares via broker at specified price targets.
Ascent Industries sells Bristol Metals for $45M cash to Ta Chen International
Sale price approximately $45 million in cash; expected to close March 31, 2025.
Ascent Industries Q4 net income $0.1M vs loss $7.5M; full-year adj EBITDA $4.0M, debt-free
Q4 net sales $40.7M (down 1.3% YoY); gross profit $7.3M vs $(2.1)M; EPS $0.01 vs $(0.73).
Ascent Industries authorizes buyback of up to 1M shares (~10% of float) over 24 months
Board authorized repurchase of up to 1,000,000 shares (approx. 10% of 10,076,025 outstanding) over 24 months.
Ascent Industries adopts $1.5M share repurchase plan under Rule 10b5-1
Plan authorizes purchases up to $1.5 million executed daily based on price targets.
Maximum revolving loan commitment reduced from $80 million to $60 million.
Ascent Industries Q3 net sales down 8.2% to $42.9M; adjusted EBITDA turns positive at $2.5M
Net loss from continuing ops improved to $7.0M ($0.69 diluted loss) from $14.7M loss in Q3 2023; included $6.2M non-cash tax charge.
Ascent Industries relocates HQ to Schaumburg, IL effective Aug 27, 2024
New headquarters at 20 N. Martingale Rd, Suite 430, Schaumburg, IL 60173.
Ascent Q2 net loss narrows to $0.2M from $6.1M; adj EBITDA positive $2.1M
Net sales $50.2M, down 0.3% YoY; gross profit $5.9M vs $(0.8)M; gross margin 11.7% vs (1.5)%.
CEO Kitchen resigns from Ascent Industries board; shareholders approve all proposals
CEO J. Bryan Kitchen resigned as director effective June 11, 2024, to maintain board independence per Nasdaq rules; remains CEO.
Ascent Q1 net loss narrows to $4.7M on $44.1M revenue, down 20% YoY
Net sales of $44.1M fell 19.6% YoY; gross margin improved to 5.7% from 2.7%.
Ascent Industries terminates CLO G. Douglas Tackett without cause effective April 30
Chief Legal Officer G. Douglas Tackett terminated without cause, effective April 30, 2024.
Ascent Industries Q4 net loss $7.5M; full year loss $34.2M; debt eliminated
Q4 net sales $41.2M (-23.9% YoY); net loss $7.5M ($0.73 diluted loss per share).
Effective June 11, 2024, J. Bryan Kitchen, President and Chief Executive Officer of Ascent Industries Co. (the “Company”), tendered his resignation as a director of the Company in order to maintain the independence of a majority of the Board of Directors pursuant to Nasdaq Rule 5605(b)(1).
the Company and G. Douglas Tackett entered into an agreement pursuant to which Mr. Tackett’s employment as the Chief Legal Officer of the Company will be terminated without cause effective April 30, 2024.
Max materiality 0.85 · Median 0.60 · Most common event other_material