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

Quarterly report [Sections 13 or 15(d)]

Industry Segments (Tables)

Industry Segments (Tables)

3 Months Ended

Mar. 31, 2026

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.