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. 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 Oak Brook, IL.

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.

Ascent Industries Co. (ACNT) Q3 2023 Earnings Call Transcript

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, is reporting its results for the third quarter ended September 30, 2023. Third Quarter 2023 Summary – Continuing Operations1 (in millions, expect per share and margin) Q3 2023 Q3 2022 Change Net Sales $56.1 $78.2 -28.3% Gross Profit $6.0 $14.1 -57.3% Gross Profit Margin 10.7%.

Ascent Industries Reports Third Quarter 2023 Results

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, will hold a conference call on Wednesday, November 8, 2023, at 5:00 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2023. The results will be reported in a press release prior to the conference call. Ascent management will host the.

Ascent Industries Sets Third Quarter 2023 Earnings Conference Call for November 8, 2023, at 5:00 p.m. ET

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 J. Bryan Kitchen as president of Ascent Chemicals, effective September 18, 2023. Mr. Kitchen joins Ascent with nearly two decades of senior leadership experience in the chemicals industry, having held management roles for several global industry leaders. Most rec.

Ascent Industries Appoints J. Bryan Kitchen as President of Ascent Chemicals

Ascent Industries Co. (NASDAQ:ACNT ) Q2 2023 Results Conference Call August 8, 2023 5:00 PM ET Company Participants Cody Cree - Investor Relations Ben Rosenzweig - Executive Chairman of the Board Chris Hutter - President and Chief Executive Officer Bill Steckel - Chief Financial Officer Conference Call Participants Vincent Anderson - Stifel Operator Good afternoon, everyone. Thank you for participating in today's conference call to discuss Ascent's Financial Results for the Second Quarter Ended June 30, 2023.

Ascent Industries Co. (ACNT) Q2 2023 Earnings Call Transcript

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, is reporting its results for the second quarter ended June 30, 2023. Second Quarter 2023 Summary – Continuing Operations1 (in millions, expect per share and margin) Q2 2023 Q2 2022 Change Net Sales $60.7 $84.6 -28.3% Gross Profit $3.2 $20.2 -84.0% Gross Profit Margin 5.3% 23.9.

Ascent Industries Reports Second Quarter 2023 Results

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, will hold a conference call on Tuesday, August 8, 2023, at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2023. The results will be reported in a press release prior to the conference call. Ascent management will host the conferen.

Ascent Industries Sets Second Quarter 2023 Earnings Conference Call for August 8, 2023, at 5:00 p.m. ET

Ascent Industries Co. (NASDAQ:ACNT ) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET Company Participants Cody Cree - Investor Relations Adviser Benjamin Rosenzweig - Executive Chairman of the Board Christopher Hutter - President and Chief Executive Officer Bill Steckel - Chief Financial Officer Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss Ascent's Financial Results for the First Quarter Ended March 31, 2023. Joining us today are Ascent 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.

Ascent Industries Co. (ACNT) Q1 2023 Earnings Call Transcript

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Reports First Quarter 2023 Results.

Ascent Industries Reports First Quarter 2023 Results

OAK BROOK, Ill.--(BUSINESS WIRE)--Ascent Industries Sets First Quarter 2023 Earnings Conference Call for May 9, 2023, at 5:00 p.m. ET.

Ascent Industries Sets First Quarter 2023 Earnings Conference Call for May 9, 2023, at 5:00 p.m. ET

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, today announced the appointment of Bill Steckel as chief financial officer, effective today. He succeeds Aaron Tam, who has resigned as CFO.

Ascent Industries Appoints Bill Steckel as Chief Financial Officer

Second Consecutive Year of Growth in Net Sales and Net Income Year-Over-Year, Reflecting Continued Improvements Across the Organization

Ascent Industries Reports Fourth Quarter and Full Year 2022 Results

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, will hold a conference call on Friday, March 31, 2023, at 8:30 a.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2022. The results will be reported in a press release prior to the conference call.

Ascent Industries Sets Fourth Quarter and Full Year 2022 Earnings Conference Call for March 31, 2023, at 8:30 a.m. ET

Ascent Industries, formerly Synalloy Corporation, is an under the radar Small-Cap industrial in the midst of a major turnaround. ACNT has two different business lines. First being a metal tubular business, think infrastructure piping and stainless steel piping, and secondly specialty chemical, think outsourced chemical manufacturing for blue chips.

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