Quarterly report [Sections 13 or 15(d)]

Industry Segments

v3.26.1
Industry Segments
 6 Months Ended
Jun. 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 June 30, 2026 Six Months Ended June 30, 2026
(in thousands) Specialty Chemicals
Corporate & Other1
Total Continuing Operations Specialty Chemicals
Corporate & Other1
Total Continuing Operations
Net sales $ 25,667  $ —  $ 25,667  $ 45,083  $ —  $ 45,083 
Cost of goods sold - material 13,443  —  13,443  21,799  —  21,799 
Cost of goods sold - other2
5,882  —  5,882  13,354  —  13,354 
Depreciation 794  —  794  1,570  —  1,570 
Gross profit 5,548  —  5,548  8,360  —  8,360 
Research and development 107  —  107  170  —  170 
Selling, general and administrative expense3
4,388  633  5,021  9,113  780  9,893 
Depreciation and amortization 413  93  506  571  186  757 
Acquisition costs and other —  176  176  —  177  177 
Interest expense (income), net 13  (168) (155) 26  (474) (448)
Income taxes —  (601) (601) —  (487) (487)
Other expense (income) (29) (147) (176) (34) (358) (392)
Net income (loss) $ 656  $ 14  $ 670  $ (1,486) $ 176  $ (1,310)
Geographic sales4
United States $ 24,473  $ —  $ 24,473  $ 43,303  $ —  $ 43,303 
Honduras 278  —  278  450  —  450 
Mexico 402  —  402  405  —  405 
Canada 209  —  209  391  —  391 
Colombia 151  —  151  263  —  263 
Other $ 154  $ —  $ 154  $ 271  $ —  $ 271 
Three Months Ended June 30, 2025 Six Months Ended June 30, 2025
(in thousands) Specialty Chemicals
Corporate & Other1
Total Continuing Operations Specialty Chemicals
Corporate & Other1
Total Continuing Operations
Net sales $ 18,652  $ —  $ 18,652  $ 36,486  $ —  $ 36,486 
Cost of goods sold - material 8,814  —  8,814  17,177  —  17,177 
Cost of goods sold - other2
4,816  (682) 4,134  9,622  —  9,622 
Depreciation 835  3  838  1,754  —  1,754 
Gross profit 4,187  679  4,866  7,933  —  7,933 
Selling, general and administrative expense3
2,476  3,609  6,085  5,180  5,540  10,720 
Depreciation and amortization 196  163  359  392  203  595 
Acquisition costs and other —  31  31  92  176  268 
Asset impairment —  1,622  1,622  —  1,622  1,622 
Gain on lease modification —  (544) (544) —  (544) (544)
Interest expense (income), net 16  (31) (15) 32  67  99 
Income taxes —  (89) (89) —  (89) (89)
Other expense (income) —  (136) (136) —  (285) (285)
Net income (loss) $ 1,499  $ (3,946) $ (2,447) $ 2,237  $ (6,690) $ (4,453)
Geographic sales4
United States $ 17,450  $ —  $ 17,450  $ 34,093  $ —  $ 34,093 
Mexico 213  —  213  686  —  686 
Canada 200  —  200  424  —  424 
Colombia 166  —  166  303  —  303 
The Netherlands 336  —  336  370  —  370 
Honduras —  —  —  270  —  270 
Costa Rica 144  —  144  172  —  172 
Other $ 143  $ —  $ 143  $ 168  $ —  $ 168 
As of
(in thousands) June 30, 2026 December 31, 2025
Identifiable assets
Specialty Chemicals $ 61,064  $ 37,303 
Corporate and other 45,252  74,634 
$ 106,316  $ 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.