Ascent Industries Co. Stock Price, News & Analysis

Ascent Industries (Nasdaq: ACNT) reported Q2 2025 results, marking its transformation into a pure-play specialty chemicals company following the sale of BRISMET for $45 million and ASTI for $16 million. Q2 net sales decreased 13% to $18.7 million, while gross profit increased 73% to $4.9 million. The company reported a net loss from continuing operations of $(2.4) million.

Despite lower sales, gross margin improved significantly to 26.1%, up 1,298 basis points year-over-year, driven by cost management and strategic sourcing. The company maintained a strong liquidity position with $60.5 million in cash and no debt. During Q2, Ascent repurchased 644,171 shares (approximately 6% of outstanding stock) at an average cost of $12.15 per share.

Ascent Industries (Nasdaq: ACNT), a specialty chemicals platform company, has scheduled its second quarter 2025 earnings conference call for August 6, 2025, at 5:00 p.m. ET. The company will release its financial results for Q2 2025 via press release before the call.

The conference call will be accessible through both toll-free and international dial-in numbers, with a webcast option available. The webcast recording will be archived for one year in the investor relations section of Ascent's website.

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Ascent Industries Co. (Nasdaq: ACNT) has completed the sale of American Stainless Tubing, LLC (ASTI) to First Tube, LLC, a subsidiary of Triple-S Steel Holdings, Inc., for $16 million in an all-cash transaction. This divestiture marks the completion of Ascent's strategic transformation into a pure-play specialty chemicals company.

The sale of ASTI, which was Ascent's final operating tubular asset, represents a significant milestone in the company's evolution. According to CEO Bryan Kitchen, the company plans to reinvest the proceeds to drive innovation, expand commercial reach, and pursue growth opportunities aimed at enhancing shareholder value.

Ascent Industries (Nasdaq: ACNT) has been added to the Russell 2000® Index as part of the 2025 Russell indexes reconstitution, effective June 30, 2025. The inclusion follows an 18-month transformation period during which the company divested legacy businesses to build a more focused and profitable enterprise.

The Russell 2000® Index membership, which remains in place for one year, is determined by market capitalization rankings and style attributes. According to FTSE Russell data, approximately $10.6 trillion in assets are benchmarked against Russell US indexes as of June 2024.

[ "Inclusion in the Russell 2000 Index increases visibility with institutional investors", "Successful 18-month business transformation resulting in improved profitability", "Company reports becoming more focused after divesting legacy businesses" ]

Ascent Industries Co. (Nasdaq: ACNT) has announced the sale of American Stainless Tubing, LLC (ASTI) to First Tube, LLC, a subsidiary of Triple-S Steel Holdings, Inc., for $16 million in cash. The transaction, expected to close on June 30, 2025, marks the final divestiture in Ascent's strategic shift toward becoming a focused specialty chemicals platform.

ASTI, a North Carolina-based manufacturer of ornamental stainless-steel tubing, represents the last of Ascent's operating tubular assets. The proceeds will be used to support both organic and inorganic growth initiatives within Ascent's Specialty Chemicals segment and general corporate purposes.

Ascent Industries (NASDAQ: ACNT) reported Q1 2025 results showing mixed performance. Net sales decreased 11.8% to $24.7M compared to Q1 2024, while gross profit doubled to $4.8M with margin expanding 1,120bps to 19.4%. The company reduced its net loss to $1.0M ($0.10 per share) from $5.5M ($0.37 per share) year-over-year. Adjusted EBITDA improved to $0.8M from -$2.7M. Key segment performance: - Ascent Chemicals: Sales declined 12.3% to $17.8M but improved profitability with Adjusted EBITDA of $2.0M - Ascent Tubular: Sales decreased to $6.9M but achieved Adjusted EBITDA of $1.3M The company maintained strong liquidity with $14.3M cash and no debt. Notable was the April 4, 2025 sale of Bristol Metals (BRISMET) for $45M in cash.

Ascent Industries Co. (ACNT), a specialty chemicals and industrial tubular products manufacturer, has scheduled its first quarter 2025 earnings conference call for Monday, May 12, 2025, at 5:00 p.m. Eastern time. The company will release its financial results for the quarter ended March 31, 2025, prior to the call. Management will host the conference call followed by a Q&A session. Participants can access the call through a registration link, and a webcast will be available with one-year replay access on the company's investor relations website.

Ascent Industries Co. (Nasdaq: ACNT), a specialty chemicals and industrial tubular products manufacturer, has announced its participation in upcoming investor conferences through May 2025. The company will present at two major events:

1. Planet MicroCap Showcase (April 23-24, 2025) with a presentation scheduled for April 23 at 4:30 pm PT

2. Oppenheimer 20th Annual Industrial Growth Conference (May 5-8, 2025) with a presentation on May 5 at 10:30 am ET

CEO Bryan Kitchen highlighted that following a year of stabilization and earnings growth, Ascent is now positioned for expansion. The company plans to discuss its recent tubular products segment divestiture and its strategic focus on maintaining operational discipline while driving growth through its specialty chemicals segment.

Ascent Industries Co. (Nasdaq: ACNT) has announced a significant multi-year specialty chemicals contract expansion with an existing customer. The agreement is projected to generate over $750,000 in additional annual EBITDA, representing a 10% year-over-year increase for the Specialty Chemicals segment.

CEO Bryan Kitchen emphasized this contract as a milestone in the company's transformation towards becoming a pure-play specialty chemicals company. The agreement is positioned as validation of their growth platform established in 2024, with a focus on delivering long-term shareholder value.