Ascent Industries Co

Ascent Industries Co. engages in the production of stainless steel pipes, stainless and carbon steel piping systems, and specialty chemicals. It operates through the Metals and Specialty Chemicals segments. The Metals segment operates as Bristol Metals LLC (BRISMET), Palmer of Texas Tanks, Inc. (Palmer), and Specialty Pipe & Tube, Inc. (Specialty). BRISMET manufactures welded pipes, primarily from stainless steel, but also from other corrosion-resistant metals. Palmer manufactures fiberglass and steel storage tanks for the oil and gas, waste water treatment, and municipal water industries. Specialty distributes hot finish, seamless, carbon steel pipes and tubing. The Specialty Chemicals segment operates as Manufacturers Chemicals, LLC, which produces chemicals for the chemical, paper, metals, mining, agricultural, fiber, paint, textile, automotive, petroleum, cosmetics, mattress, furniture, janitorial and other industries. The company was founded in 1945 and is headquartered in Oak Brook, IL.

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Ascent Industries Co (ACNT) reports improved Q2 results, eyes growth opportunities

Ascent Industries Co (ACNT) delivered a solid performance in Q2 2024, with a focus on financial stability and operational efficiency. The company's strategic measures have positioned it well for future growth, despite facing challenges in margin improvement and capital allocation decisions.

Ascent Industries Co (ACNT) reports improved Q3 performance and hints at strategic moves for growth

Ascent Industries Co (ACNT) Q3 2024 earnings call showcased improved financial performance, operational progress, and strategic focus on revenue growth. Despite challenges like declining net sales, the company remains optimistic about future opportunities through potential strategic moves and enhancing shareholder value.

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Ascent Industries Co. engages in the production of stainless-steel pipes, stainless and carbon steel piping systems, and specialty chemicals. Its segments include Tubular Products and Specialty Chemicals. The Tubular Products segment consists of BRISMET and ASTI. BRISMET manufactures welded pipe and tube, primarily from stainless steel, duplex, and nickel alloys. ASTI manufactures high-end ornamental stainless-steel tube, supplying the automotive, commercial transportation, marine, food services and other industries. The Specialty Chemicals segment produces specialty formulations and intermediates for use in a wide variety of applications and industries with primary product lines focusing on the production of defoamers, surfactants, and lubricating agents. It also provides dedicated contract manufacturing services. The company was founded in 1945 and is headquartered in Schaumburg, IL.

Ascent Industries Co. (NASDAQ:ACNT ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Cody Cree - Outside IR Advisor Ben Rosenzweig - Executive Chairman of the Board Bryan Kitchen - Chief Executive Officer Ryan Kavalauskas - Chief Financial Officer Conference Call Participants Operator Good afternoon everyone and thank you for participating in today's conference call to discuss Ascent's financial results for the third quarter ended September 30th, 2024. Joining us today are Ascent's Executive Chairman of the Board, Ben Rosenzweig; CEO, Bryan Kitchen; CFO, Ryan Kavalauskas; and the company's outside Investor Relations Adviser, Cody Cree.

Ascent Industries Co. (ACNT) Q3 2024 Earnings Call Transcript

SCHAUMBURG, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production of specialty chemicals and industrial tubular products, is reporting its results for the third quarter ended September 30, 2024.   Third Quarter 2024 Summary1   (in millions, except per share and margin) Q3 2024 Q3 2023 Change Net Sales $42.9 $46.7 (8.2)% Gross Profit $6.5 $3.0 116.5% Gross Profit Margin 15.1% 6.4% 870bps Net (Loss) $(7.0) $(14.7).

Ascent Industries Reports Third Quarter 2024 Results

SCHAUMBURG, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production of specialty chemicals and industrial tubular products, will hold a conference call on Tuesday, November 12, 2024, at 5:00 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2024. The results will be reported in a press release prior to the conference call. Ascent management will host the conference call,.

Ascent Industries Sets Third Quarter 2024 Earnings Conference Call for November 12, 2024, at 5:00 p.m. ET

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SCHAUMBURG, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production and distribution of specialty chemicals and industrial tubular products, announced today it has opened its new corporate headquarters in Schaumburg, Illinois, a suburb of Chicago. “This recent investment underscores Ascent's commitment to support the growth of our customers, employees and company,” said J. Bryan Kitchen, Ascent's president & C.

Ascent Announces New Corporate Office

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production of specialty chemicals and industrial tubular products, is confirmed to attend the 2024 Annual Gateway Conference, which is being held September 4-5, at the Four Seasons Hotel in San Francisco, CA. CEO Bryan Kitchen and CFO Ryan Kavalauskas will be in attendance and available for one-on-one meetings throughout the conference. During the event, the.

Ascent Industries to Attend the 2024 Gateway Conference on September 4-5, 2024

Ascent Industries Co. (NASDAQ:ACNT ) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Cody Cree - Outside IR Advisor Ben Rosenzweig - Executive Chairman of the Board Bryan Kitchen - CEO Ryan Kavalauskas - CFO Conference Call Participants Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss Ascent's Financial Results for the Second Quarter ending June 30, 2024. Joining us today are Ascent's Executive Chairman of the Board, Ben Rosenzweig, CEO, Brian Kitchen, CFO, Brian Kavaloskis, and the company's Outside Investor Relations Advisor, Cody Cree.

Ascent Industries Co. (ACNT) Q2 2024 Earnings Call Transcript

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production of specialty chemicals and industrial tubular products, is reporting its results for the second quarter ended June 30, 2024. Second Quarter 2024 Summary1 (in millions, except per share and margin) Q2 2024 Q2 2023 Change Net Sales $50.2 $50.4 (0.3)% Gross Profit $5.9 $(0.8) 854.2% Gross Profit Margin 11.7% (1.5)% 1320bps Net Loss $(0.2) $(6.1) 96.8%.

Ascent Industries Reports Second Quarter 2024 Results

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production of specialty chemicals and industrial tubular products, will hold a conference call on Tuesday, August 6, 2024, at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2024. The results will be reported in a press release prior to the conference call. Ascent management will host the conference call, followed.

Ascent Industries Sets Second Quarter 2024 Earnings Conference Call for August 6, 2024, at 5:00 p.m. ET

Ascent Industries Co. (NASDAQ:ACNT ) Q1 2024 Earnings Conference Call May 8, 2024 5:00 PM ET Company Participants Cody Cree - IR Ben Rosenzweig - Executive Chairman of the Board Bryan Kitchen - CEO Ryan Kavalauskas - CFO Conference Call Participants Vincent Anderson - Stifel Operator Good afternoon, and thank you for participating in today's Conference Call to discuss Ascent's Financial Results for the First Quarter ended March 31st, 2024. Joining us today are Ascent's Executive Chairman of the Board, Ben Rosenzweig, and CEO Bryan Kitchen, CFO Ryan Kavalauskas, and the company's Outside Investor Relations Advisor, Cody Cree.

Ascent Industries Co. (ACNT) Q1 2024 Earnings Call Transcript

Ascent Industries (ACNT) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of a loss of $0.36. This compares to loss of $0.51 per share a year ago.

Ascent Industries (ACNT) Reports Q1 Loss, Tops Revenue Estimates

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production of specialty chemicals and industrial tubular products, is reporting its results for the first quarter ended March 31, 2024. First Quarter 2024 Summary1   (in millions, except per share and margin) Q1 2024 Q1 2023 Change Net Sales $44.1 $54.9 (19.6)% Gross Profit $2.5 $1.5 72.4% Gross Profit Margin 5.7% 2.7% 300bps Net (Loss) $(4.7) $(5.8) 18.6% Di.

Ascent Industries Reports First Quarter 2024 Results

Ascent Industries (ACNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will Ascent Industries (ACNT) Report Negative Earnings Next Week? What You Should Know

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production of specialty chemicals and industrial tubular products, will hold a conference call on Wednesday, May 8, 2024, at 5:00 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2024. The results will be reported in a press release prior to the conference call. Ascent management will host the conference call, followed.

Ascent Industries Sets First Quarter 2024 Earnings Conference Call for May 8, 2024, at 5:00 p.m. ET

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Ascent Industries Co. (ACNT) Q4 2023 Earnings Call Transcript

Ascent Industries (ACNT) came out with a quarterly loss of $0.73 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to earnings of $0.01 per share a year ago.

Ascent Industries (ACNT) Reports Q4 Loss, Lags Revenue Estimates

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production of specialty chemicals and industrial tubular products, is reporting its results for the fourth quarter and full year ended December 31, 2023.   Fourth Quarter 2023 Summary1   (in millions, except per share and margin) Q4 2023 Q4 2022 Change Net Sales $41.2 $54.2 (23.9)% Gross Profit $(2.1) $4.9 (143.9)% Gross Profit Margin (5.2)% 9.0% (1,420)bps N.

Ascent Industries Reports Fourth Quarter and Full Year 2023 Results

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production of specialty chemicals and industrial tubular products, will hold a conference call on Thursday, March 28, 2024, at 5:00 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2023. The results will be reported in a press release prior to the conference call. Ascent management will host the confer.

Ascent Industries Sets Fourth Quarter and Full Year 2023 Earnings Conference Call for March 28, 2024, at 5:00 p.m. ET

Revenues are expected to remain depressed for more quarters. Profit margins improved for three consecutive quarters, and recent moves suggest that they will keep increasing. The recent divestment of Specialty Tubes & Pipe should help to reduce debt significantly.

Ascent Industries: Operations Are Improving Again

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production and distribution of specialty chemicals and industrial tubular products, has announced the promotion of Ascent Chemicals' President J. Bryan Kitchen to Ascent's CEO and Ascent Chemicals' Vice President of Financial Planning and Analysis Ryan Kavalauskas to Ascent's CFO. Mr. Kitchen succeeds President and CEO Chris Hutter, who will remain on the Com.

Ascent Industries Promotes New Executive Management Team

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production and distribution of industrial tubular products and specialty chemicals, has announced the sale of the business of Specialty Pipe & Tube (“SPT”) for approximately $55 million in an all-cash transaction. The transaction closed on December 22, 2023. SPT is a leading master distributor for large diameter, hot finish seamless carbon steel pipe and.

Ascent Industries Announces Sale of Specialty Pipe & Tube for $55 Million

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production and distribution of industrial tubular products and specialty chemicals, has appointed John W. (“Wes”) Johnson as president of Ascent Tubular, effective December 4, 2023. Mr. Johnson is a results-oriented executive bringing over 20 years of leadership experience across a variety of global industrial-focused companies. Most recently, he served as th.

Ascent Industries Appoints John W. "Wes" Johnson as President of Ascent Tubular

Ascent Industries Co. (NASDAQ:ACNT ) Q3 2023 Earnings Conference Call November 9, 2023 4:30 PM ET Company Participants Cody Cree - Investor Relations Ben Rosenzweig - Executive Chairman of the Board Chris Hutter - President & Chief Executive Officer Bill Steckel - Chief Financial Officer Conference Call Participants Vincent Anderson - Stifel Operator Good afternoon, everyone and thank you for participating in today's Conference Call to discuss Ascent's Financial Results for the Third Quarter ended September 30, 2023. Joining us today are Ascent's Executive Chairman of the Board, Ben Rosenzweig; President and CEO, Chris Hutter; CFO, Bill Steckel; and the company's outside Investor Relations Adviser, Cody Cree.

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