Quarterly report [Sections 13 or 15(d)]

Industry Segments

v3.26.1
Industry Segments
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Industry Segments Industry Segments
Ascent Industries Co. has one reportable segment: Specialty Chemicals. The Specialty Chemicals segment includes the operating results of the Company’s plants involved in the production of specialty chemicals and produces critical ingredients and process aids for the oil & gas, household, industrial and institutional ("HII"), personal care, coatings, adhesives, sealants and elastomers (CASE), pulp and paper, textile, automotive, agricultural, water treatment, construction and other industries.

The chief executive officer, who is also the chief operating decision maker (CODM), evaluates performance and determines resource allocations based on a number of factors, the primary measures being gross margin and segment net income (loss).

The accounting principles applied at the operating segment level are the same as those applied at the consolidated financial statement level. The significant expense categories and amounts below align with the segment-level information that is regularly provided to the CODM. Intersegment sales and transfers are eliminated at the corporate consolidation level.
The following table summarizes certain information regarding segments of the Company's continuing operations:
Three Months Ended March 31, 2026
(in thousands) Specialty Chemicals
Corporate & Other1
Total Continuing Operations
Net sales $ 19,415  $ —  $ 19,415 
Cost of goods sold - material 8,356  —  8,356 
Cost of goods sold - other2
7,471  —  7,471 
Depreciation 777  —  777 
Gross profit 2,811  —  2,811 
Research and development 63  —  63 
Selling, general and administrative expense3
4,726  148  4,874 
Depreciation and amortization 157  93  250 
Interest expense (income), net 12  (306) (294)
Income taxes —  114  114 
Other expense (income) (5) (211) (216)
Net income (loss) $ (2,142) $ 162  $ (1,980)
Geographic sales4
United States $ 18,830  $ —  $ 18,830 
Canada 182  —  182 
Honduras 172  —  172 
Colombia 111  —  111 
Costa Rica 49  —  49 
Singapore 44  —  44 
The Netherlands 27  —  27 
Mexico 3  —  3 
Thailand $ (3) —  $ (3)
Three Months Ended March 31, 2025
(in thousands) Specialty Chemicals
Corporate & Other1
Total Continuing Operations
Net sales $ 17,835  $ —  $ 17,835 
Cost of goods sold - material 8,364  —  8,364 
Cost of goods sold - other2
4,806  675  5,481 
Depreciation 919  3  922 
Gross profit 3,746  (678) 3,068 
Research and development
Selling, general and administrative expense3
2,704  1,931  4,635 
Depreciation and amortization 196  40  236 
Acquisition costs and other 92  145  237 
Interest expense, net 16  98  114 
Income taxes —  169  169 
Other expense (income) —  (148) (148)
Net income (loss) $ 738  $ (2,913) $ (2,175)
Geographic sales4
United States $ 16,644  $ —  $ 16,644 
Mexico 472  —  472 
Honduras 270  —  270 
Canada 224  —  224 
Colombia 137  —  137 
The Netherlands 34  —  34 
Costa Rica 29  —  29 
Guatemala 23  —  23 
Thailand 2  —  2 
As of
(in thousands) March 31, 2026 December 31, 2025
Identifiable assets
Specialty Chemicals $ 38,012  $ 37,303 
Corporate and other 64,602  74,634 
$ 102,614  $ 111,937 
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.
4Geographic sales are attributed to countries based on the location of the customer.