Highest-materiality recent filing
Ascent Industries Q2 net sales up 37.6% YoY; net income $0.7M vs loss of $2.4M
Net sales $25.7M (+37.6% YoY); gross profit $5.5M (+14.0%); gross margin 21.6%.
Ascent Industries adopts 10b5-1 trading plan to buy up to 1,750,000 shares through August 10, 2026
Plan authorizes daily repurchases up to 1,750,000 shares based on specified price targets, effective June 29, 2026 through August 10, 2026.
$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 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 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%.
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 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 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 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).
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 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)%.
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 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).
Ascent Industries appoints Bryan Kitchen as CEO, Ryan Kavalauskas as CFO
Kitchen (former Chemicals President) succeeds Chris Hutter, who remains on board.
Ascent sells Specialty Pipe & Tube for $55M cash; cuts debt, reduces credit facility
Sold SPT for ~$55M in all-cash deal closed Dec 22, 2023; proceeds used to repay term loan and revolver.
Ascent Industries Q3 net loss $12.8M; sales down 28% to $56.1M
Diluted loss per share $1.26 vs $0.30 income in Q3 2022; includes $11.4M goodwill impairment in chemicals.
Ascent Industries Q2 2023: Net loss $3.7M, sales fall 28% to $60.7M; EBITDA turns negative
Net sales from continuing ops $60.7M, down 28.3% YoY; net loss $(3.7)M vs income $10.8M.
Ascent Industries Co. announces resignation of EVP, Specialty Chemicals John Zuppo
John Zuppo notified Ascent Industries Co. of his resignation as Executive Vice President, Specialty Chemicals on June 29, 2023.
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.
On February 10, 2024, Ascent Industries Co (“Ascent” or the “Company”) appointed Ascent Chemicals’ President J. Bryan Kitchen as Ascent’s CEO
Mr. Kitchen, 49 succeeds President and CEO Chris Hutter, who will remain on the Company’s board of directors.
the Board...unanimously approved the appointment of Mr. Kitchen as a director of the Company, to serve from February 14, 2024
William “Bill” Steckel, who resigned from the Company on February 9, 2024 to pursue other opportunities.
On June 29, 2023, John Zuppo notified Ascent Industries Co. (the “Company”) that he would be resigning from his role as the Company’s Executive Vice President, Specialty Chemicals, effective June 30, 2023.
On April 17, 2023, Ascent Industries Co (“Ascent” or the “Company”) announced the appointment of William (“Bill”) Steckel, age 65, as Chief Financial Officer.
Mr. Steckel succeeds Aaron Tam, who resigned from his officer position with the Company, effective as of April 14, 2023.
On March 15, 2023, Ascent Industries Co. (the “Company”) terminated the employment of Timothy Lynch as the Company’s Executive Vice President, Tubular Products effective March 15, 2023.
approve his position as Chief Executive Officer of the Company.
the appointment of Aldo Mazzaferro (age 68) as a director of the Company
Max materiality 0.85 · Median 0.60 · Most common event other_material