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Date | Price Target | Rating | Analyst |
---|---|---|---|
6/2/2023 | $20.00 | Buy | Stifel |
Ascent Industries Co. (NASDAQ:ACNT) ("Ascent" or the "Company") today announced the successful closing of the previously announced sale of American Stainless Tubing, LLC ("ASTI") to First Tube, LLC, a wholly owned subsidiary of Triple-S Steel Holdings, Inc. for $16 million in an all-cash transaction, subject to customary closing conditions. "The sale of ASTI, our final operating tubular asset, is more than a milestone — it's a defining moment in Ascent's transformation" said Bryan Kitchen, President and Chief Executive Officer of Ascent. "We are now a pure-play specialty chemicals company, fully aligned with our vision to build a scalable, high-margin chemicals platform poised for sustain
Ascent Industries Co. (NASDAQ:ACNT) ("Ascent" or the "Company"), joined the Russell 2000® Index, effective upon the U.S. market open on June 30, 2025, as part of the 2025 Russell indexes reconstitution. The annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of April 30th, ranking them by total market capitalization. Membership in the Russell 3000® Index, which remains in place for one year, means automatic inclusion in the small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. "Our in
Ascent Industries Co. (NASDAQ:ACNT) ("Ascent" or the "Company"), a company focused on the production and distribution of specialty chemicals, today announced that it has entered into an Asset Purchase Agreement (the "Purchase Agreement") to sell substantially all of the assets related to American Stainless Tubing, LLC ("ASTI"), a North Carolina-based manufacturer of ornamental stainless-steel tubing, to First Tube, LLC, a wholly owned subsidiary of Triple-S Steel Holdings, Inc. a Texas-based provider of steel products and processing services, for approximately $16 million in an all-cash transaction, subject to customary closing conditions. The transaction is expected to close on June 30, 20
4 - ASCENT INDUSTRIES CO. (0000095953) (Issuer)
4 - ASCENT INDUSTRIES CO. (0000095953) (Issuer)
4 - ASCENT INDUSTRIES CO. (0000095953) (Issuer)
4 - ASCENT INDUSTRIES CO. (0000095953) (Issuer)
4 - ASCENT INDUSTRIES CO. (0000095953) (Issuer)
4 - ASCENT INDUSTRIES CO. (0000095953) (Issuer)
Stifel initiated coverage of Ascent Industries with a rating of Buy and set a new price target of $20.00
Ascent Industries Co. (NASDAQ:ACNT) ("Ascent" or the "Company"), an industrials company focused on the production of specialty chemicals and industrial tubular products, is reporting its results for the first quarter ended March 31, 2025. First Quarter 2025 Summary1 (in millions, except per share and margin) Q1 2025 Q1 2024 Change Net Sales $24.7 $28.0 (11.8)% Gross Profit $4.8 $2.3 108.7% Gross Profit Margin 19.4% 8.2% 1120bps Net Loss ($1.0) $(5.5) (81.8)% Diluted Loss per Share ($0.10) $(0.37) (73.0)% Adjusted EBITDA $0.8 $(2.7) +$3.5M Adjusted EBITDA Margin 3.4% (9.6)% 1300
Ascent Industries Co. (NASDAQ:ACNT) ("Ascent" or the "Company"), an industrial company focused on the production of specialty chemicals and industrial tubular products, will hold a conference call on Monday, May 12, 2025, at 5:00 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2025. The results will be reported in a press release prior to the conference call. Ascent management will host the conference call, followed by a question and answer period. Date: Monday, May 12, 2025 Time: 5:00 p.m. Eastern time Live Call Registration Link: Here Webcast Registration Link: Here To access the call by phone, please register via the live call registration lin
Ascent Finishes the Year with Strong Earnings Growth, a Healthy Cash Balance, Debt Free, and Nearly $15 Million of Free Cash Flow Generated in 2024 Ascent Industries Co. (NASDAQ:ACNT) ("Ascent" or the "Company"), an industrial company focused on the production of specialty chemicals and industrial tubular products, is reporting its results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Summary1 (in millions, except per share and margin) Q4 2024 Q4 2023 Change Net Sales $40.7 $41.2 (1.3)% Gross Profit $7.3 $(2.1) 438.4% Gross Profit Margin 17.9% (5.2)% 2310 bps Net Income (Loss) $0.1
8-K - ASCENT INDUSTRIES CO. (0000095953) (Filer)
8-K - ASCENT INDUSTRIES CO. (0000095953) (Filer)
8-K - ASCENT INDUSTRIES CO. (0000095953) (Filer)
Ascent Industries Co. (NASDAQ:ACNT) ("Ascent" or the "Company"), an industrials company focused on the production and distribution of industrial tubular products and specialty chemicals, has appointed John W. ("Wes") Johnson as president of Ascent Tubular, effective December 4, 2023. Mr. Johnson is a results-oriented executive bringing over 20 years of leadership experience across a variety of global industrial-focused companies. Most recently, he served as the senior vice president and global general manager of Corrpro, a subsidiary of Aegion Corporation that offers total corrosion solutions to the energy, Department of Defense, municipal, and marine markets. While at Corrpro, Mr. Johnso
Ascent Industries Co. (NASDAQ:ACNT) ("Ascent" or the "Company"), an industrials company focused on the production and distribution of industrial tubular products and specialty chemicals, has appointed J. Bryan Kitchen as president of Ascent Chemicals, effective September 18, 2023. Mr. Kitchen joins Ascent with nearly two decades of senior leadership experience in the chemicals industry, having held management roles for several global industry leaders. Most recently, he served as president, CEO and chairman of the board for Clearon Corp., a leading specialty chemicals manufacturer of essential sanitizers and disinfectants for household, industrial, institutional and water treatment applica
Ascent Industries Co. (NASDAQ:ACNT) ("Ascent" or the "Company"), an industrials company focused on the production and distribution of industrial tubular products and specialty chemicals, today announced the appointment of Bill Steckel as chief financial officer, effective today. He succeeds Aaron Tam, who has resigned as CFO. Mr. Steckel brings to Ascent more than two decades of extensive experience in operational finance, financial planning and analysis and treasury across a wide range of industries, as well as expertise in capital markets and M&A. Prior to joining Ascent, he spent over five years in multiple CFO assignments for manufacturing, distribution and technology companies. Durin
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