Ascent Industries Co. - ACNT STOCK NEWS

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.

Ascent Industries Co. (ACNT) has successfully completed the sale of Bristol Metals, (BRISMET) to Ta Chen International for $45 million in an all-cash transaction. The proceeds will be used to fund organic and inorganic growth initiatives within the Specialty Chemicals segment and general corporate purposes.

Following the transaction, Ascent's Tubular Products segment will consist solely of American Stainless Tubing, Inc. (ASTI), which produces premium ornamental stainless steel tubing. The company aims to focus its resources on expanding the Specialty Chemicals business, where management sees significant growth opportunities.

Ascent Industries Co. (Nasdaq: ACNT) has announced its participation in the American Fuel & Petrochemical Manufacturers (AFPM) Annual Meeting in San Antonio, Texas, from March 23-25, 2025. The company will showcase its portfolio of oil & gas performance additives and U.S.-based chemical manufacturing solutions from three domestic facilities.

The company's product lineup includes:

• Advanced corrosion inhibitor additives for infrastructure protection
• Defoamers for drilling and production efficiency
• Specialty emulsifiers and surfactants for improved oil recovery
• Custom toll and contract manufacturing capabilities

CEO Bryan Kitchen emphasized Ascent's commitment to addressing oil & gas industry challenges through innovative chemistries and domestic manufacturing leadership. The company's team will be available for one-on-one meetings during the event to discuss partnerships and tailored chemical solutions.

Ascent Industries Co. (Nasdaq: ACNT) has announced a definitive agreement to sell Bristol Metals, (BRISMET) to Ta Chen International for $45 million in an all-cash transaction. The deal is expected to close on March 31, 2025.

BRISMET, established in 1964, specializes in manufacturing stainless, duplex, super duplex, 6 moly and nickel alloy welded steel pipe. The proceeds will be utilized to accelerate growth in Ascent's specialty chemical business and for general corporate purposes.

Following the transaction, Ascent's tubular segment will retain American Stainless Tubing (ASTI), which produces premium ornamental stainless steel tubing. Angle Advisors and Amundsen Davis, served as financial and legal advisors respectively for the transaction.

Ascent Industries (ACNT) reported its Q4 and full-year 2024 results, demonstrating significant earnings growth despite muted sales. Q4 net sales were $40.7M, slightly down from $41.2M in Q4 2023, while gross profit increased 438% to $7.3M. Full-year 2024 net sales decreased to $177.9M from $193.2M in 2023.

The company achieved four consecutive quarters of adjusted EBITDA margin expansion through cost management and operational efficiencies. Q4 adjusted EBITDA improved to $2.6M compared to $(5.9)M in Q4 2023. For the full year, adjusted EBITDA reached $4.0M versus $(15.9)M in 2023.

Notably, Ascent ended 2024 debt-free with $16.1M in cash, generated nearly $15M in free cash flow, and maintained $47.4M in credit facility availability. The company also repurchased 101,263 shares at an average cost of $10.21 per share, totaling approximately $1.0M.

Ascent Industries Co. (Nasdaq: ACNT), an industrial company specializing in the production of specialty chemicals and industrial tubular products, has announced a conference call to discuss its financial results for the fourth quarter and full year ended December 31, 2024. The call will take place on Tuesday, March 4, 2025, at 5:00 p.m. Eastern time. The results will be released in a press release prior to the call. Ascent's management will host the call, which will include a Q&A session.

Interested parties can access the call via a live call registration link or a webcast registration link. For phone access, registration is required to receive dial-in instructions. If there are any difficulties connecting, contact Gateway Group at 1-949-574-3860. The webcast will be archived for one year on the company's website.

For more information, visit Ascent's website at www.ascentco.com.

Ascent Industries Co. (Nasdaq:ACNT), a specialty chemicals and industrial tubular products manufacturer, will sponsor and exhibit at the 2025 SOCMA Show in Nashville from February 19-21. The company will host the Welcome Reception, highlighting its commitment to domestic manufacturing renaissance.

CEO Bryan Kitchen emphasized the importance of localizing raw material production to reduce supply disruption risks and support U.S. demand recovery. The event will provide opportunities for one-on-one meetings with the Ascent Chemicals team to explore strategic partnerships and discuss domestic manufacturing solutions.

Ascent Industries Co. (ACNT) has announced an expanded stock repurchase program authorized by its Board of Directors. The program allows for the repurchase of up to 1,000,000 shares, representing approximately 10% of outstanding common stock, over the next 24 months through open market or private transactions.

CEO Bryan Kitchen emphasized that share repurchases are a key part of their capital allocation strategy, stating that current share valuation substantially undervalues the company given its momentum, organic growth potential, and strengthening balance sheet. The purchases will be funded from available working capital, with repurchased shares either returning to authorized but unissued status or held in treasury.

As of February 18, 2025, ACNT had 10,076,025 shares outstanding. The company maintains discretion over the timing and amount of repurchases, with no guarantee of the exact number of shares to be repurchased.

Ascent Industries Co. (Nasdaq: ACNT) has announced the launch of its new Household, Industrial, and Institutional (HI&I) Cleaning Ingredients Portfolio. The portfolio features bio-based surfactants and specialty additives designed to meet growing demand for effective and environmentally friendly cleaning technologies.

The new product line combines superior cleaning performance with cost-competitiveness while complying with environmental and regulatory standards. Key features include plant and tallow-based ingredients, reduced VOC content, and multifunctional additives designed to streamline formulations and improve product efficiency.

The company will showcase its HI&I portfolio at the American Cleaning Institute (ACI) Conference in Orlando, Florida, January 27-31, 2025. CEO Bryan Kitchen emphasized that this launch represents a significant milestone in developing high-performing, sustainable solutions.