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.
“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”
M&A Transactions
ASCENT INDUSTRIES CO. completed an acquisition involving Midwest Graphics Sales Inc. and Sigma Coatings, Inc. for $14,000,000 (closed 2026-05-04).
“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.”
Material Agreements
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).
“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”).”
M&A Transactions
ASCENT INDUSTRIES CO. completed a disposition involving First Tube, LLC for approximately $16 million of cash proceeds (closed 2025-06-30).
“and ASTI. On June 30, 2025, the Company and Purchaser completed the transaction contemplated by the Purchase Agreement. The consideration for the transaction was approximately $16 million of cash proceeds subject to certain closing adjustments. On June 30, 2025, Ascent issued a press release relating to the completion of the transaction. A copy of the press”
Auditor Changes
ASCENT INDUSTRIES CO. engaged Baker Tilly US, LLP as its auditor.
“the Audit Committee of the Company's Board of Directors approved the appointment of Baker Tilly, as the successor to Moss Adams, as the Company's independent registered public accounting firm.”
Auditor Changes
Moss Adams LLP resigned as auditor of ASCENT INDUSTRIES CO..
“Moss Adams has resigned as the auditors of the Company and the Audit Committee of the Company's Board of Directors approved the appointment of Baker Tilly, as the successor to Moss Adams, as the Company's independent registered public accounting firm.”
J. Bryan Kitchen resigned as Director at ASCENT INDUSTRIES CO..
“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).”
Earnings Releases
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.
“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”
G. Douglas Tackett departed as Chief Legal Officer at ASCENT INDUSTRIES CO..
“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.”
Earnings Releases
ASCENT INDUSTRIES CO. reported financial results for fourth quarter and full year ended December 31, 2023.
“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.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.