Quarterly report [Sections 13 or 15(d)]

Industry Segments

v3.26.3
Industry Segments
 9 Months Ended
Sep. 30, 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 and distribution of specialty chemicals and produces critical ingredients and process aids across oil and gas, energy, household, industrial and institutional (“HII”), personal care, coatings, adhesives, sealants and elastomers (“CASE”), agriculture, water treatment, pulp and paper, construction, automotive, and other industrial markets.

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
September 30, 2026		 Nine Months Ended
September 30, 2026
(in thousands) Specialty Chemicals
Corporate & Other1
Total Continuing Operations Specialty Chemicals
Corporate & Other1
Total Continuing Operations
Net sales $ 27,135  $ —  $ 27,135  $ 72,218  $ —  $ 72,218 
Cost of goods sold - material 12,707  —  12,707  34,506  —  34,506 
Cost of goods sold - other2
6,508  —  6,508  19,862  —  19,862 
Depreciation 801  —  801  2,372  —  2,372 
Gross profit 7,119  —  7,119  15,478  —  15,478 
Research and development 92  —  92  262  —  262 
Selling, general and administrative expense3
3,827  769  4,596  12,939  1,550  14,489 
Depreciation and amortization 625  93  718  1,196  279  1,475 
Acquisition costs and other —  75  75  —  251  251 
Interest expense (income), net 11  (125) (114) 37  (599) (562)
Income taxes —  495  495  —  8  8 
Other expense (income) —  (145) (145) (34) (503) (537)
Net income (loss) $ 2,564  $ (1,162) $ 1,402  $ 1,078  $ (986) $ 92 
Geographic sales4
United States $ 25,845  $ —  $ 25,845  $ 69,020  $ —  $ 69,020 
Honduras 240  —  240  691  —  691 
Canada 279  —  279  670  —  670 
Mexico 129  —  129  534  —  534 
Australia 331  —  331  412  —  412 
Colombia 96  —  96  372  —  372 
Other $ 215  $ —  $ 215  $ 519  $ —  $ 519 
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
4,900  —  4,900  14,069  —  14,069 
Depreciation 783  —  783  2,990  —  2,990 
Gross profit 5,841  —  5,841  13,773  —  13,773 
Selling, general and administrative expense3
3,472  2,499  5,971  8,269  8,039  16,308 
Depreciation and amortization 224  58  282  998  261  1,259 
Acquisition costs and other —  398  398  92  573  665 
Asset impairment —  —  —  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)
Geographic sales4
United States $ 18,586  $ —  $ 18,586  $ 52,679  $ —  $ 52,679 
Mexico 260  —  260  946  —  946 
Canada 154  —  154  578  —  578 
Colombia 214  —  214  517  —  517 
The Netherlands 215  —  215  585  —  585 
Honduras 259  —  259  529  —  529 
Costa Rica —  —  —  172  —  172 
Other $ 9  $ —  $ 9  $ 177  $ —  $ 177 
As of
(in thousands) September 30, 2026 December 31, 2025
Identifiable assets
Specialty Chemicals $ 63,655  $ 37,303 
Corporate and other 44,215  74,634 
$ 107,870  $ 111,937 
1Corporate & 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, 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, corporate overhead allocation expense and other administrative overhead expenses.
4Geographic sales are attributed to countries based on the location of the customer.