Stifel initiated coverage on Ascent Industries with a new price target
$ACNT
Steel/Iron Ore
Industrials
Stifel initiated coverage of Ascent Industries with a rating of Buy and set a new price target of $20.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/2/2023 | $20.00 | Buy | Stifel |
SC 13G/A - ASCENT INDUSTRIES CO. (0000095953) (Subject)
SC 13D/A - ASCENT INDUSTRIES CO. (0000095953) (Subject)
SC 13G - ASCENT INDUSTRIES CO. (0000095953) (Subject)
8-K - ASCENT INDUSTRIES CO. (0000095953) (Filer)
8-K - ASCENT INDUSTRIES CO. (0000095953) (Filer)
8-K - ASCENT INDUSTRIES CO. (0000095953) (Filer)
Stifel initiated coverage of Ascent Industries with a rating of Buy and set a new price target of $20.00
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
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 Tuesday, March 4, 2025, at 5:00 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2024. 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: Tuesday, March 4, 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
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 third quarter ended September 30, 2024. Third Quarter 2024 Summary1 (in millions, except per share and margin) Q3 2024 Q3 2023 Change Net Sales $42.9 $46.7 (8.2)% Gross Profit $6.5 $3.0 116.5% Gross Profit Margin 15.1% 6.4% 870bps Net (Loss) $(7.0) $(14.7) (52.2)% Diluted (Loss) per Share $(0.69) $(1.45) (52.4)% Adj
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)
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
Ascent Industries Co. (NASDAQ:ACNT) ("Ascent" or the "Company"), an industrial company focused on the production of specialty chemicals and industrial tubular products, will participate in several upcoming investor conferences to discuss the Company's achievements regarding its stabilization and optimization initiatives as well as its recent divestiture within its tubular products segment. The following are the Company's currently scheduled investor marketing events through May 2025: Planet MicroCap Showcase When: April 23-24, 2025 Format: Presentation and one-on-one/group meetings Presentation Date and Time: Wednesday, April 23 at 4:30 pm PT Webcast Oppenheimer 20th Annual Industria
Ascent Industries Co. (NASDAQ:ACNT) ("Ascent" or the "Company"), an industrials company specializing in the production and distribution of specialty chemicals and industrial tubular products, today announced the signing of a significant multi-year contract, expanding its relationship with an existing customer. The agreement is expected to generate more than $750,000 in additional annual EBITDA, representing a 10% year-over-year increase for the Specialty Chemicals segment. "This contract marks a significant milestone in our ongoing transformation and underscores our strategic shift toward becoming a pure-play specialty chemicals company," said Bryan Kitchen, President and CEO of Ascent. "S
Ascent Industries Co. (NASDAQ:ACNT) ("Ascent" or the "Company"), an industrials company focused on the production and distribution of specialty chemicals and industrial tubular products, today announced the successful closing of the previously announced sale of substantially all of the assets of Bristol Metals, LLC ("BRISMET") to Ta Chen International, Inc. ("Ta Chen"), a global manufacturer and distributor of stainless and aluminum products, for approximately $45 million in an all-cash transaction. Proceeds will be deployed to advance both organic and inorganic growth initiatives within the Specialty Chemicals segment as well as general corporate purposes, with a focus on driving enhanced