Ascent Industries (ACNT)
Market Price (6/21/2026): $13.94 | Market Cap: $131.3 MilSector: Materials | Industry: Commodity Chemicals
Ascent Industries (ACNT)
Market Price (6/21/2026): $13.94Market Cap: $131.3 MilSector: MaterialsIndustry: Commodity Chemicals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -26% Low stock price volatilityVol 12M is 34% Megatrend and thematic driversMegatrends include Advanced Materials, and Water Infrastructure. Themes include Specialty Chemicals for Performance, Water Treatment & Delivery, Show more. | Weak multi-year price returns2Y Excs Rtn is -1.2%, 3Y Excs Rtn is -32% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -7.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -9.8% Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 111x Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -28% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -6.9%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -9.0% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.3% Key risksACNT key risks include [1] potentially detrimental acquisitions that could destroy its micro-cap equity value and [2] non-compliance with debt covenants, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -26% |
| Low stock price volatilityVol 12M is 34% |
| Megatrend and thematic driversMegatrends include Advanced Materials, and Water Infrastructure. Themes include Specialty Chemicals for Performance, Water Treatment & Delivery, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -1.2%, 3Y Excs Rtn is -32% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -7.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -9.8% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 111x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -28% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -6.9%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -9.0% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.3% |
| Key risksACNT key risks include [1] potentially detrimental acquisitions that could destroy its micro-cap equity value and [2] non-compliance with debt covenants, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Ascent Industries (ACNT) stock has lost about 20% since 2/28/2026 because of the following key factors:
1. Disappointing Fourth Quarter 2025 Earnings Report.
Ascent Industries' stock experienced a 14% single-day sell-off after the release of its Q4 2025 earnings results around March 3, 2026. This was largely attributed to gross profits decreasing by 1% to $3.44 million, with Q4 margins settling at 18.34%, which underperformed its sector margin of 29.78%.
2. Weak First Quarter 2026 Financial Results with Continued Margin Compression.
On May 6, 2026, Ascent Industries reported a Q1 2026 adjusted EBITDA loss of $(1.0) million, a further decline from a $(0.5) million loss in Q1 2025, with the adjusted EBITDA margin decreasing to (5.0)% from (2.6)%. Additionally, gross profit margin compressed by 272 basis points to 14.5% of net sales, down from 17.2% in the prior year period, despite an 8.9% increase in net sales to $19.4 million.
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Ascent Industries (ACNT) stock has lost about 20% since 2/28/2026 because of the following key factors:
1. Disappointing Fourth Quarter 2025 Earnings Report.
Ascent Industries' stock experienced a 14% single-day sell-off after the release of its Q4 2025 earnings results around March 3, 2026. This was largely attributed to gross profits decreasing by 1% to $3.44 million, with Q4 margins settling at 18.34%, which underperformed its sector margin of 29.78%.
2. Weak First Quarter 2026 Financial Results with Continued Margin Compression.
On May 6, 2026, Ascent Industries reported a Q1 2026 adjusted EBITDA loss of $(1.0) million, a further decline from a $(0.5) million loss in Q1 2025, with the adjusted EBITDA margin decreasing to (5.0)% from (2.6)%. Additionally, gross profit margin compressed by 272 basis points to 14.5% of net sales, down from 17.2% in the prior year period, despite an 8.9% increase in net sales to $19.4 million.
3. Persistent Profitability Concerns Driven by Operational Inefficiencies.
The ongoing decline in profitability metrics, despite top-line revenue growth, fueled investor concerns regarding the company's cost structure and its ability to achieve sustainable earnings. Management noted that "onboarding these programs created near-term inefficiencies" and that "timing and cost absorption related to onboarding and scaling new programs pressured reported results," indicating operational challenges impacting the bottom line.
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Stock Movement Drivers
Fundamental Drivers
The -18.8% change in ACNT stock from 2/28/2026 to 6/21/2026 was primarily driven by a -39.2% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 6212026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.16 | 13.94 | -18.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 74 | 77 | 3.0% |
| Net Income Margin (%) | 1.2% | 1.5% | 30.4% |
| P/E Multiple | 183.1 | 111.3 | -39.2% |
| Shares Outstanding (Mil) | 9 | 9 | -0.4% |
| Cumulative Contribution | -18.8% |
Market Drivers
2/28/2026 to 6/21/2026| Return | Correlation | |
|---|---|---|
| ACNT | -18.6% | |
| Market (SPY) | 9.2% | 9.9% |
| Sector (XLB) | -2.6% | 24.1% |
Fundamental Drivers
The -1.6% change in ACNT stock from 11/30/2025 to 6/21/2026 was primarily driven by a -26.4% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 6212026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.17 | 13.94 | -1.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 74 | 77 | 3.0% |
| Net Income Margin (%) | 1.2% | 1.5% | 30.4% |
| P/E Multiple | 151.2 | 111.3 | -26.4% |
| Shares Outstanding (Mil) | 9 | 9 | -0.4% |
| Cumulative Contribution | -1.6% |
Market Drivers
11/30/2025 to 6/21/2026| Return | Correlation | |
|---|---|---|
| ACNT | -1.5% | |
| Market (SPY) | 9.9% | 7.3% |
| Sector (XLB) | 17.0% | 22.9% |
Fundamental Drivers
The 7.9% change in ACNT stock from 5/31/2025 to 6/21/2026 was primarily driven by a 7.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 5312025 | 6212026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.92 | 13.94 | 7.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 78 | 77 | -2.3% |
| P/S Multiple | 1.7 | 1.7 | 3.2% |
| Shares Outstanding (Mil) | 10 | 9 | 7.0% |
| Cumulative Contribution | 7.9% |
Market Drivers
5/31/2025 to 6/21/2026| Return | Correlation | |
|---|---|---|
| ACNT | 8.0% | |
| Market (SPY) | 28.1% | 15.6% |
| Sector (XLB) | 22.4% | 25.7% |
Fundamental Drivers
The 46.7% change in ACNT stock from 5/31/2023 to 6/21/2026 was primarily driven by a 662.5% change in the company's P/E Multiple.| (LTM values as of) | 5312023 | 6212026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.50 | 13.94 | 46.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 233 | 77 | -67.2% |
| Net Income Margin (%) | 2.8% | 1.5% | -45.6% |
| P/E Multiple | 14.6 | 111.3 | 662.5% |
| Shares Outstanding (Mil) | 10 | 9 | 7.8% |
| Cumulative Contribution | 46.7% |
Market Drivers
5/31/2023 to 6/21/2026| Return | Correlation | |
|---|---|---|
| ACNT | 46.9% | |
| Market (SPY) | 85.7% | 3.9% |
| Sector (XLB) | 46.5% | 13.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ACNT Return | 111% | -47% | 10% | 17% | 45% | -15% | 77% |
| Peers Return | 19% | -11% | 6% | -21% | -35% | 40% | -20% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 98% |
Monthly Win Rates [3] | |||||||
| ACNT Win Rate | 83% | 42% | 42% | 67% | 58% | 67% | |
| Peers Win Rate | 53% | 48% | 47% | 38% | 32% | 70% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| ACNT Max Drawdown | -17% | -57% | -36% | -24% | -14% | -32% | |
| Peers Max Drawdown | -25% | -37% | -35% | -32% | -47% | -28% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HUN, IOSP, SCL, CC, KRO.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/18/2026 (YTD)
How Low Can It Go
| Event | ACNT | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -14.7% | -9.5% |
| % Gain to Breakeven | 17.2% | 10.5% |
| Time to Breakeven | 14 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -27.0% | -6.7% |
| % Gain to Breakeven | 37.1% | 7.1% |
| Time to Breakeven | 628 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -21.3% | -24.5% |
| % Gain to Breakeven | 27.1% | 32.4% |
| Time to Breakeven | 6 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.5% | -33.7% |
| % Gain to Breakeven | 74.0% | 50.9% |
| Time to Breakeven | 586 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -46.5% | -12.2% |
| % Gain to Breakeven | 87.0% | 13.9% |
| Time to Breakeven | 406 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -62.8% | -6.8% |
| % Gain to Breakeven | 169.1% | 7.3% |
| Time to Breakeven | 851 days | 15 days |
In The Past
Ascent Industries's stock fell -4.7% during the 2025 US Tariff Shock. Such a loss loss requires a 4.9% gain to breakeven.
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| Event | ACNT | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -27.0% | -6.7% |
| % Gain to Breakeven | 37.1% | 7.1% |
| Time to Breakeven | 628 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -21.3% | -24.5% |
| % Gain to Breakeven | 27.1% | 32.4% |
| Time to Breakeven | 6 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.5% | -33.7% |
| % Gain to Breakeven | 74.0% | 50.9% |
| Time to Breakeven | 586 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -46.5% | -12.2% |
| % Gain to Breakeven | 87.0% | 13.9% |
| Time to Breakeven | 406 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -62.8% | -6.8% |
| % Gain to Breakeven | 169.1% | 7.3% |
| Time to Breakeven | 851 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -23.8% | -17.9% |
| % Gain to Breakeven | 31.2% | 21.8% |
| Time to Breakeven | 113 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -76.7% | -53.4% |
| % Gain to Breakeven | 329.8% | 114.4% |
| Time to Breakeven | 887 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -42.0% | -8.6% |
| % Gain to Breakeven | 72.3% | 9.5% |
| Time to Breakeven | 3978 days | 47 days |
In The Past
Ascent Industries's stock fell -4.7% during the 2025 US Tariff Shock. Such a loss loss requires a 4.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Ascent Industries (ACNT)
AI Analysis | Feedback
Here are a couple of analogies for Ascent Industries (ACNT), based on the provided description:
Think of it as a blend of Dow Chemical's industrial specialty chemicals and Nucor's manufacturing of specialized pipes, tubes, and tanks.
It's like a more industrial-focused and specialized 3M, without the consumer products, providing essential components and chemicals to other businesses.
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- Welded Pipes and Tubes: Manufactures welded pipes and tubes primarily from stainless steel, duplex, nickel alloys, and galvanized carbon.
- Ornamental Stainless-Steel Tubes: Produces ornamental stainless-steel tubes for various industries including automotive, construction, and healthcare.
- Storage Tanks: Provides fiberglass and steel storage tanks for the oil and gas, wastewater treatment, and municipal water industries.
- Carbon Steel Pipe and Tube Distribution: Distributes hot finish, seamless, carbon steel pipes and tubes for high-pressure and mechanical applications.
- Specialty Chemicals: Produces defoamers, surfactants, and lubricating agents for diverse industrial applications like agrochemicals and metalworking.
- Contract Manufacturing Services: Offers contract manufacturing services for processing various difficult-to-handle materials, including flammable solvents and viscous liquids.
AI Analysis | Feedback
Ascent Industries (ACNT), formerly Synalloy Corporation, primarily sells its products to other companies rather than individuals. The provided background information does not list specific names of its major customer companies.
Based on the description, Ascent Industries serves a wide range of industries through its two main segments:
- Metals Segment Customers: Companies operating in the automotive, commercial transportation, marine, food services, construction, furniture, healthcare, oil and gas, waste water treatment, municipal water, heavy industrial, construction equipment, and chemical industries.
- Specialty Chemicals Segment Customers: Companies that supply products for agrochemical, paper, metal working, coatings, water treatment, paint, mining, oil and gas, and janitorial applications, as well as companies seeking contract manufacturing services.
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J. Bryan Kitchen, Chief Executive Officer
Bryan Kitchen was appointed CEO of Ascent Industries Co. in February 2024. He brings nearly two decades of senior leadership experience in the chemicals industry. Prior to Ascent, he served as President, CEO, and Chairman of the Board at Clearon Corp., a specialty chemicals manufacturer. Under his leadership, Clearon Corp. was successfully sold to Solenis, a global leader in specialty chemicals. Before Clearon, he was President of Xingfa USA, a division of Hubei Xingfa Chemicals Ltd. He also held the position of Vice President of Business Operations at ANGUS Chemical Company (now Advancion), which was carved out from The Dow Chemical Company. Kitchen's career started at Dow AgroSciences and Dow Chemical, where he held various management roles. He has a history of working with Ascent's CFO, Ryan Kavalauskas, for approximately ten years across different companies.
Ryan Kavalauskas, Chief Financial Officer
Ryan Kavalauskas was appointed CFO of Ascent Industries Co. in February 2024. Before joining Ascent, he served as CFO and Treasurer of Clearon Corp., where he played an instrumental role in managing the successful sale of the company to Solenis. Prior to Clearon Corp., Kavalauskas led financial planning and analysis (FP&A) and treasury activities for ANGUS Chemical Company (now Advancion), a carve-out from Dow, where he also worked alongside Bryan Kitchen. His early career includes nearly a decade in various senior financial roles, gaining expertise in financial strategy and planning.
Chris Hutter, Director
Chris Hutter currently serves as a Director of Ascent Industries Co., a position he has held since 2020. He previously served as President and CEO of Ascent until February 2024, during which he initiated the company's strategic shift to a pure-play specialty chemical company. Hutter is also the Co-Founder and Manager of UPG Enterprises LLC, which operates several industrial companies across the metals, manufacturing, distribution, and logistics sectors, and provides financing for buyout transactions. Additionally, he is a Managing Partner of Falcon Private Investments, L.P., a family office with extensive experience in founding, managing, operating, and investing in various assets, and a Managing Director of InSite Real Estate, LLC, both private investment firms. His background includes extensive experience in operations, large-scale acquisitions, transaction structuring, and integration within industrial segments.
Benjamin Rosenzweig, Executive Chairman of the Board
Benjamin Rosenzweig is the Executive Chairman of the Board of Directors at Ascent Industries Co. He is also a Partner at Privet Fund Management LLC, an investment firm that focuses on event-driven and value-oriented investments in small capitalization companies, indicating a pattern of managing companies backed by private equity firms. Rosenzweig has been instrumental in the company's transformation strategy.
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Here are the key risks to Ascent Industries (ACNT):
- Execution Risk of Strategic Transformation: Ascent Industries Co. has recently undergone a significant strategic transformation, shifting from a diversified producer of tubular products and specialty chemicals to a focused pure-play specialty chemicals platform. This involves optimizing its product mix, improving utilization, expanding margins within its specialized chemical offerings, and managing the divestiture of legacy tubular operations. The successful execution of this leaner business model and the continued integration of acquired specialty chemical businesses represents a primary risk for the company's future performance.
- Exposure to Cyclical End Markets: The company's specialty chemical products are supplied to a variety of end markets, including oil & gas, automotive, and agriculture, as well as household & industrial, coatings, water treatment, and construction industries. Many of these sectors are inherently cyclical, meaning that economic downturns, reduced demand, or shifts in these key industries could directly and adversely impact Ascent Industries' sales volumes and profitability.
- Raw Material Price Volatility: As a manufacturer of specialty chemical formulations, Ascent Industries is significantly exposed to fluctuations in the cost and availability of various chemical raw materials, including both petroleum-based and bio-based inputs. Unfavorable or rapid changes in these raw material prices could lead to increased production costs and exert downward pressure on profit margins if the company is unable to effectively pass these higher costs on to its customers.
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The rise of advanced manufacturing technologies, particularly **metal additive manufacturing (3D printing)**, represents a clear emerging threat to Ascent Industries' Metals segment. As this technology matures, it has the potential to produce complex, high-performance metal components, including specialized pipes, tubes, and parts, more efficiently, with less material waste, and in customized quantities. This could reduce demand for traditionally manufactured and distributed metal products, allowing customers to produce parts in-house or source from new, specialized additive manufacturing providers, thereby disrupting Ascent's conventional fabrication and distribution models.
In the Specialty Chemicals segment, a clear emerging threat is the rapid advancement and increasing commercial viability of **bio-based and sustainable chemistry solutions**. As research and development accelerate in areas like advanced fermentation and green synthesis, new generations of environmentally friendly defoamers, surfactants, and lubricating agents are emerging. If these bio-based alternatives achieve competitive cost structures and demonstrate superior performance or environmental profiles, they could significantly displace traditional petrochemical-derived chemicals, posing a direct threat to Ascent's established product lines and contract manufacturing services if the company does not adapt quickly.
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Ascent Industries Co. (ACNT), having transformed into a pure-play specialty chemicals company following the divestiture of its tubular businesses, operates within several significant addressable markets primarily focused on specialty chemical solutions and contract manufacturing.
Addressable Markets for Ascent Industries' Main Products and Services:
-
Specialty Chemicals Market (Overall)
- Global: The global specialty chemicals market was valued at approximately USD 757.98 billion in 2025 and is projected to grow to about USD 1,167.22 billion by 2034, at a Compound Annual Growth Rate (CAGR) of 4.90% from 2026 to 2034.
- U.S.: The U.S. specialty chemicals market is projected to reach an estimated value of USD 152.36 billion by 2032.
-
Contract Manufacturing Services (including chemical contract manufacturing)
- Global: The broader contract manufacturing market, which includes various industries such as electronics and pharmaceuticals in addition to chemicals, is estimated at USD 724.35 billion in 2025 and is expected to reach USD 966.84 billion by 2030, growing at a CAGR of 5.98% during the forecast period. The specialty chemical manufacturers and contract manufacturers segment within the global chemical industry is expected to grow at the fastest CAGR.
- U.S.: The U.S. contract manufacturing services market is estimated at USD 265.78 billion in 2026 and is projected to reach USD 374.82 billion by 2031, with a CAGR of 7.12% from 2026 to 2031.
-
Surfactants Market
- Global: The global surfactants market size was approximately USD 49.71 billion in 2025 and is projected to grow to USD 77.25 billion by 2034, exhibiting a CAGR of 4.90% during the forecast period.
- U.S.: The surfactants market size in the U.S. is projected to reach an estimated value of USD 12.82 billion by 2032.
-
Defoamers Market
- Global: The global defoamers market was valued at USD 5.9 billion in 2025 and is estimated to reach USD 8.3 billion by 2034, exhibiting a CAGR of 3.58% from 2026 to 2034.
-
Lubricating Agents Market (part of the broader Lubricants Market)
- Global: The global lubricants market size was valued at USD 178.98 billion in 2025 and is projected to reach USD 213.93 billion by 2034, exhibiting a CAGR of 2.0% during the forecast period.
- U.S.: The lubricants market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 18.82 billion by 2032.
-
Specialty Polymers Market
- Global: The global specialty polymers market size was estimated at USD 185.10 billion in 2024 and is projected to reach USD 362.31 billion by 2033, growing at a CAGR of 7.8% from 2025 to 2033.
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Ascent Industries Co. (ACNT), having completed its transformation into a pure-play specialty chemicals company, is focused on several key drivers for future revenue growth over the next two to three years.
The expected drivers of future revenue growth for Ascent Industries include:
- Growth through New Commercial Programs and Project Pipeline: Ascent Industries is targeting double-digit revenue growth in 2026, primarily driven by new commercial programs and an existing project pipeline. For instance, the company recently secured a program valued at over $10 million, which is anticipated to contribute approximately 15% to revenue growth with above-average margins as it progresses into 2026.
- Leveraging the Chemicals-as-a-Service (CaaS) Business Model: The company's CaaS platform, which emphasizes custom manufacturing, operational efficiency, and margin expansion, is a foundational element for future growth. This agile and customer-centric approach aims to simplify customer value chains and scale efficiently across its integrated manufacturing network.
- Strategic Focus on High-Margin Opportunities and Operational Efficiency: Ascent Industries is strategically emphasizing high-margin opportunities and has already demonstrated improved gross profit and gross margins after exiting its legacy tubular businesses. The company's efforts to eliminate costs, such as the reported $2.1 million in cost reductions, further strengthen its earnings profile and support revenue expansion through a more profitable business mix.
- Expansion of Footprint and Capabilities: As part of its renewed vision, Ascent Industries is committed to expanding its footprint and capabilities within its industrial manufacturing portfolio. This expansion is expected to be achieved through innovation and automation across its operations, contributing to its growth prospects.
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Share Repurchases
- In December 2025, Ascent Industries authorized a new stock repurchase program allowing for the repurchase of up to 2.0 million shares of its common stock over a two-year period ending December 16, 2027. This program replaced a previous authorization from February 2025, under which nearly 75% of the authorized shares had already been repurchased.
- For the year ended December 31, 2025, Ascent Industries repurchased approximately 745,524 shares for a total of $9.2 million.
- Through the third quarter of 2025, the company had repurchased approximately 7.2% of its outstanding shares based on its December 31, 2024 share count.
Share Issuance
- Over the past five years (2021-2025), Ascent Industries' weighted average diluted shares outstanding showed a compound annual growth rate of 1.17%.
Outbound Investments
- In 2025, Ascent Industries completed its exit from the tubular products segment by selling Bristol Metals (BRISMET) for approximately $45 million and American Stainless Tubing (ASTI) for approximately $16 million. These divestitures generated approximately $61 million in cash proceeds.
Capital Expenditures
- Ascent Industries has forecasted up to $5.5 million in capital expenditures for 2026 to support ongoing operations.
- In 2025, the company increased its capital spending, with a primary focus on strengthening R&D capabilities, acquiring technical talent, and expanding collaboration with customers to accelerate the development of differentiated solutions.
- Capital allocation priorities emphasize reinvestment in the existing asset base, including initiatives to optimize operations, revive idle equipment, and debottleneck processes.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Ascent Industries Earnings Notes | 12/16/2025 | |
| Ascent Industries Stock Jump Looks Great, But How Secure Is That Gain? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 17.85 |
| Mkt Cap | 1.6 |
| Rev LTM | 2,111 |
| Op Inc LTM | 7 |
| FCF LTM | 35 |
| FCF 3Y Avg | 22 |
| CFO LTM | 143 |
| CFO 3Y Avg | 132 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -0.4% |
| Rev Chg 3Y Avg | -4.3% |
| Rev Chg Q | 2.4% |
| QoQ Delta Rev Chg LTM | 0.6% |
| Op Inc Chg LTM | -48.9% |
| Op Inc Chg 3Y Avg | -16.2% |
| Op Mgn LTM | -0.3% |
| Op Mgn 3Y Avg | 1.1% |
| QoQ Delta Op Mgn LTM | -0.6% |
| CFO/Rev LTM | 4.3% |
| CFO/Rev 3Y Avg | 4.5% |
| FCF/Rev LTM | 1.7% |
| FCF/Rev 3Y Avg | 1.6% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Specialty Chemicals | 75 | 81 | 84 | 108 | 67 |
| Corporate & Other | 0 | 0 | 0 | ||
| Tubular Products | 97 | 110 | 307 | 267 | |
| Total | 75 | 178 | 193 | 414 | 335 |
| $ Mil | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Corporate & Other | -1 | ||||
| Acquisition costs and other | -1 | -1 | -1 | -1 | -1 |
| Tubular Products | -11 | 28 | 34 | -25 | 4 |
| Unallocated corporate expenses | -12 | -13 | -7 | -8 | -8 |
| Specialty Chemicals | -13 | 7 | 4 | 4 | 3 |
| Earn-out adjustments | 0 | -2 | 1 | 1 | |
| Proxy contest costs and recoveries | -0 | -3 | |||
| Gain on lease modification | 0 | ||||
| Total | -37 | 20 | 27 | -31 | -2 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Specialty Chemicals | 4 | 1 |
| Corporate & Other | -9 | -15 |
| Tubular Products | 3 | |
| Total | -6 | -11 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Corporate & Other | 75 | 46 | |||
| Specialty Chemicals | 37 | 39 | 50 | 73 | 73 |
| Current assets of discontinued operations | 42 | 1 | |||
| Long-term assets of discontinued operations | 8 | ||||
| Tubular Products | 13 | 71 | 159 | 161 | |
| All other | 42 | 37 | 32 | ||
| Total | 112 | 147 | 163 | 269 | 266 |
Price Behavior
| Market Price | $13.96 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 12/29/2006 | |
| Distance from 52W High | -21.5% | |
| 50 Days | 200 Days | |
| DMA Price | $14.00 | $14.21 |
| DMA Trend | up | up |
| Distance from DMA | -0.3% | -1.8% |
| 3M | 1YR | |
| Volatility | 27.9% | 34.4% |
| Downside Capture | 9.88 | 29.44 |
| Upside Capture | 52.31 | 38.00 |
| Correlation (SPY) | 22.6% | 14.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.63 | 0.79 | 0.44 | 0.22 | 0.49 | 0.10 |
| Up Beta | -0.35 | 1.04 | 0.73 | 0.56 | 0.68 | -0.01 |
| Down Beta | 0.59 | 1.05 | 0.48 | 0.59 | 0.46 | 0.15 |
| Up Capture | -2% | 33% | -25% | -9% | 28% | 5% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 11 | 26 | 35 | 66 | 125 | 359 |
| Down Capture | 249% | 111% | 93% | -2% | 54% | 18% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 9 | 15 | 28 | 52 | 117 | 367 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ACNT | |
|---|---|---|---|---|
| ACNT | 10.9% | 34.3% | 0.36 | - |
| Sector ETF (XLB) | 21.2% | 17.5% | 0.94 | 25.0% |
| Equity (SPY) | 26.5% | 12.4% | 1.61 | 14.8% |
| Gold (GLD) | 24.2% | 27.5% | 0.77 | 4.6% |
| Commodities (DBC) | 19.8% | 18.8% | 0.83 | -12.8% |
| Real Estate (VNQ) | 11.0% | 13.7% | 0.52 | 19.1% |
| Bitcoin (BTCUSD) | -40.0% | 42.4% | -1.08 | -7.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ACNT | |
|---|---|---|---|---|
| ACNT | -1.2% | 41.2% | 0.09 | - |
| Sector ETF (XLB) | 5.9% | 19.0% | 0.20 | 26.2% |
| Equity (SPY) | 13.5% | 17.1% | 0.62 | 16.1% |
| Gold (GLD) | 17.1% | 18.3% | 0.76 | 8.4% |
| Commodities (DBC) | 7.5% | 19.4% | 0.29 | 6.4% |
| Real Estate (VNQ) | 1.9% | 18.9% | 0.00 | 17.3% |
| Bitcoin (BTCUSD) | 11.0% | 54.2% | 0.40 | 8.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ACNT | |
|---|---|---|---|---|
| ACNT | 3.8% | 49.3% | 0.26 | - |
| Sector ETF (XLB) | 10.2% | 20.7% | 0.44 | 27.9% |
| Equity (SPY) | 15.3% | 18.0% | 0.73 | 23.4% |
| Gold (GLD) | 12.3% | 16.1% | 0.63 | 5.5% |
| Commodities (DBC) | 5.9% | 18.0% | 0.26 | 11.2% |
| Real Estate (VNQ) | 5.3% | 20.7% | 0.22 | 21.1% |
| Bitcoin (BTCUSD) | 60.0% | 66.8% | 1.00 | 9.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/10/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | -8.2% | -4.5% | -7.1% |
| 3/3/2026 | -20.6% | -25.2% | -24.3% |
| 11/4/2025 | 4.8% | 9.4% | 24.2% |
| 8/6/2025 | -0.8% | -2.1% | -6.7% |
| 5/12/2025 | -7.2% | -2.8% | 1.0% |
| 3/4/2025 | 4.8% | 5.5% | 16.9% |
| 11/12/2024 | 1.8% | 9.7% | 23.4% |
| 8/6/2024 | 2.0% | 0.8% | 1.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 13 | 14 |
| # Negative | 8 | 8 | 7 |
| Median Positive | 4.8% | 6.3% | 13.0% |
| Median Negative | -5.7% | -5.2% | -10.4% |
| Max Positive | 11.2% | 33.8% | 24.2% |
| Max Negative | -28.9% | -26.9% | -24.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | -8.2% | -4.5% | -7.1% |
| 3/3/2026 | -20.6% | -25.2% | -24.3% |
| 11/4/2025 | 4.8% | 9.4% | 24.2% |
| 8/6/2025 | -0.8% | -2.1% | -6.7% |
| 5/12/2025 | -7.2% | -2.8% | 1.0% |
| 3/4/2025 | 4.8% | 5.5% | 16.9% |
| 11/12/2024 | 1.8% | 9.7% | 23.4% |
| 8/6/2024 | 2.0% | 0.8% | 1.0% |
| 5/8/2024 | -0.3% | 1.6% | 0.2% |
| 11/8/2023 | 4.1% | 3.8% | -0.4% |
| 8/8/2023 | -1.6% | -5.8% | -10.4% |
| 5/9/2023 | 0.1% | 0.2% | 10.6% |
| 11/8/2022 | -28.9% | -26.9% | -24.4% |
| 8/9/2022 | 0.0% | 33.8% | 19.3% |
| 5/10/2022 | 11.2% | 10.0% | 12.2% |
| 11/9/2021 | 5.8% | 6.3% | 16.1% |
| 8/9/2021 | 5.9% | 6.5% | 13.9% |
| 5/10/2021 | 1.5% | 8.3% | 9.2% |
| 3/9/2021 | 5.3% | 0.4% | 5.8% |
| 11/9/2020 | 6.5% | -2.0% | 17.6% |
| 9/3/2020 | -4.2% | -7.8% | -13.4% |
| SUMMARY STATS | |||
| # Positive | 13 | 13 | 14 |
| # Negative | 8 | 8 | 7 |
| Median Positive | 4.8% | 6.3% | 13.0% |
| Median Negative | -5.7% | -5.2% | -10.4% |
| Max Positive | 11.2% | 33.8% | 24.2% |
| Max Negative | -28.9% | -26.9% | -24.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 03/03/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/04/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 04/01/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 03/03/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/04/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 04/01/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/29/2022 | 10-K |
| 09/30/2021 | 11/09/2021 | 10-Q |
| 06/30/2021 | 08/09/2021 | 10-Q |
| 03/31/2021 | 05/10/2021 | 10-Q |
| 12/31/2020 | 03/09/2021 | 10-K |
| 09/30/2020 | 11/09/2020 | 10-Q |
| 06/30/2020 | 09/03/2020 | 10-Q |
| 03/31/2020 | 05/05/2020 | 10-Q |
| 12/31/2019 | 03/06/2020 | 10-K |
| 09/30/2019 | 11/12/2019 | 10-Q |
| 06/30/2019 | 08/13/2019 | 10-Q |
Insider Activity
Updated 6/10/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kitchen, John Bryan | Chief Executive Officer | Direct | Buy | 3182026 | 12.98 | 7,595 | 98,568 | 1,038,050 | Form |
| 2 | Pan, Anthony X | Direct | Buy | 3092026 | 13.30 | 3,400 | 45,234 | 274,746 | Form | |
| 3 | Hutter, Christopher Gerald | Through Rev. Trust | Sell | 9122025 | 12.25 | 47,935 | 587,204 | 2,192,248 | Form | |
| 4 | Hutter, Christopher Gerald | Through Rev. Trust | Sell | 9112025 | 12.38 | 40,000 | 495,200 | 2,808,948 | Form | |
| 5 | Hutter, Christopher Gerald | Through Rev. Trust | Sell | 8292025 | 12.07 | 2,100 | 25,347 | 3,221,411 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kitchen, John Bryan | Chief Executive Officer | Direct | Buy | 3182026 | 12.98 | 7,595 | 98,568 | 1,038,050 | Form |
| 2 | Pan, Anthony X | Direct | Buy | 3092026 | 13.30 | 3,400 | 45,234 | 274,746 | Form | |
| 3 | Hutter, Christopher Gerald | Through Rev. Trust | Sell | 9122025 | 12.25 | 47,935 | 587,204 | 2,192,248 | Form | |
| 4 | Hutter, Christopher Gerald | Through Rev. Trust | Sell | 9112025 | 12.38 | 40,000 | 495,200 | 2,808,948 | Form | |
| 5 | Hutter, Christopher Gerald | Through Rev. Trust | Sell | 8292025 | 12.07 | 2,100 | 25,347 | 3,221,411 | Form | |
| 6 | Hutter, Christopher Gerald | Through Rev. Trust | Sell | 8272025 | 12.02 | 9,326 | 112,099 | 3,233,308 | Form | |
| 7 | Hutter, Christopher Gerald | Through Rev. Trust | Sell | 8262025 | 12.12 | 40,000 | 484,800 | 3,373,238 | Form | |
| 8 | Hutter, Christopher Gerald | Through Rev. Trust | Sell | 8252025 | 12.11 | 40,000 | 484,400 | 3,854,855 | Form | |
| 9 | Hutter, Christopher Gerald | Through Rev. Trust | Sell | 8202025 | 12.26 | 470 | 5,762 | 4,393,003 | Form | |
| 10 | Hutter, Christopher Gerald | Through Rev. Trust | Sell | 8182025 | 12.55 | 169 | 2,121 | 4,502,814 | Form | |
| 11 | Hutter, Christopher Gerald | Through Rev. Trust | Sell | 8152025 | 12.51 | 20,000 | 250,200 | 4,490,577 | Form | |
| 12 | Srinivas, Ravi Ramesh | Direct | Buy | 6182025 | 12.44 | 4,000 | 49,760 | 199,040 | Form | |
| 13 | Hutter, Christopher Gerald | Through Rev. Trust | Sell | 6122025 | 13.45 | 8,300 | 111,635 | 5,096,999 | Form | |
| 14 | Hutter, Christopher Gerald | Through Rev. Trust | Sell | 6122025 | 13.58 | 4,740 | 64,369 | 5,258,977 | Form |
Industry Resources
| Materials Resources |
| Chemical & Engineering News (C&EN) |
| Mining.com |
| Plastics News |
| Commodity Chemicals Resources |
| ChemAnalyst |
| S&P Global Commodity Insights - Chemicals |
| Reuters Events: Downstream |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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