Ascent Industries Co. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Industry Segments (Tables)

Industry Segments (Tables)

9 Months Ended

Sep. 30, 2025

The following table summarizes certain information regarding segments of the Company's continuing operations:


	Three Months Ended September 30, 2025						Nine Months Ended September 30, 2025
(in thousands)	Specialty Chemicals		Corporate & Other1		Total Continuing Operations		Specialty Chemicals		Corporate & Other1		Total Continuing Operations
Net sales	$	19,697	$	—	$	19,697	$	56,183	$	—	$	56,183
Cost of goods sold - material	8,173		—		8,173		25,351		—		25,351
Cost of goods sold - other2	5,683		—		5,683		17,059		—		17,059
Gross profit	5,841		—		5,841		13,773		—		13,773
Selling, general and administrative expense3	3,696		2,557		6,253		9,267		8,300		17,567
Acquisition costs and other	—		398		398		92		573		665
Asset impairments	—		—		—		—		1,622		1,622
Gain on lease modification	—		—		—		—		(544)		(544)
Interest expense (income), net	7		(454)		(447)		38		(385)		(347)
Income taxes	—		58		58		—		(32)		(32)
Other expense (income)	—		(296)		(296)		—		(581)		(581)
Net income (loss)	$	2,138	$	(2,263)	$	(125)	$	4,376	$	(8,953)	$	(4,577)


	Three Months Ended September 30, 2024						Nine Months Ended September 30, 2024
(in thousands)	Specialty Chemicals		Corporate & Other1		Total Continuing Operations		Specialty Chemicals		Corporate & Other1		Total Continuing Operations
Net sales	$	20,878	$	—	$	20,878	$	62,642	$	—	$	62,642
Cost of goods sold - material	10,657		—		10,657		32,387		—		32,387
Cost of goods sold - other2	7,088		125		7,213		22,653		395		23,048
Gross profit	3,133		(125)		3,008		7,602		(395)		7,207
Selling, general and administrative expense3	2,747		2,287		5,034		8,226		7,292		15,518
Acquisition costs and other	—		2		2		—		54		54
Gain on lease modification	—		(67)		(67)		—		(67)		(67)
Interest expense, net	19		105		124		57		266		323
Income taxes	—		5,807		5,807		—		4,413		4,413
Other expense (income)	—		(91)		(91)		—		(303)		(303)
Net income (loss)	$	367	$	(8,168)	$	(7,801)	$	(681)	$	(12,050)	$	(12,731)


	As of
(in thousands)	September 30, 2025		December 31, 2024
Identifiable assets
Specialty Chemicals	$	39,130	$	38,928

Corporate and other	80,759		46,298

	$	119,889	$	85,226

1All Other includes corporate overhead expenses and ongoing expenses for properties under the Master Lease not assigned to a segment in which the Company is the responsible party.

2Cost of good sold - other includes manufacturing labor and overhead expenses, depreciation expense, repair and maintenance expense, shipping expense, scrap and shrinkage expense, and other operational manufacturing overhead expenses.

3Selling, general and administrative expenses include sales and administrative salaries, wages and benefits and overhead expenses, professional fees, depreciation and amortization expense, corporate overhead allocation expense and other administrative overhead expenses.