Ascent Industries reports Q3 EPS (1c) vs. (77c) last year

Reports Q3 revenue $19.7M vs. $20.9M last year. “Our third quarter-and our first full quarter as a pure-play specialty chemicals company-delivered our strongest earnings performance since 2022,” said Bryan Kitchen, President and CEO of Ascent Industries (ACNT) Co. “That year included both our Chemicals and Tubular segments and benefited from pandemic-era tailwinds. Achieving this level of profitability today, while still absorbing the drag from our Munhall asset, underscores the resilience and earnings power of the platform we are building.” “Gross profit nearly doubled year-over-year, and EBITDA margins improved significantly. This performance reflects disciplined sourcing, focused product-line management, and relentless operational rigor that continue to expand gross margin and earnings, even as demand remains muted across many end markets. The improvement is structural, not situational.”