Ascent Industries (ACNT) announced that its board of directors has authorized a new stock repurchase program permitting the company to repurchase up to 2M shares of its common stock over a two-year period ending December 16, 2027. Through the end of the third quarter, Ascent has repurchased approximately 7.2% of its outstanding shares based on its December 31, 2024 share count, reflecting active and disciplined execution of its capital allocation strategy. The newly authorized program supersedes the company’s prior stock repurchase authorization approved on February 18 under which the company has already repurchased nearly 75% of the authorized shares.
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