ASCENT INDUSTRIES CO. (ACNT) Form 10-Q — Aug 4, 2026
Ascent Industries (ACNT) delivered a breakout second quarter, with net sales up 37.6% year over year to $25.7 million and a swing to net income of $0.7 million ($0.07 diluted EPS) from continuing operations versus a $2.4 million loss a year earlier. Adjusted EBITDA turned positive at $1.5 million from negative $0.3 million in Q2 2025. Growth was aided by the $13.5 million acquisition of Midwest Graphic Sales and Sigma Coating, which closed May 4, 2026, contributed $1.9 million of sales, and per management turned earnings accretive from day one. Six-month net sales rose 23.6% to $45.1 million, though the company still posted a $1.3 million net loss for the half.
Key figures
- Eps
- 0.07
- Revenue
- 25667000
- Net Income
- 670000
- Total Debt
- 997000
- Revenue Yoy
- 37.6%
- Total Assets
- 106316000
- Cash Position
- 28069000
- Note Payable
- $1.0 million at 2.57% maturing April 1, 2027
- Gross Margin Q2
- 21.6%
- Midwest Goodwill
- 4735000
- Six Month Revenue
- 45083000
- Adjusted Ebitda Q2
- 1451000
- Revolver Capacity
- 30000000
- Shares Outstanding
- 9009453
- Midwest Intangibles
- 7665000
- Pro Forma Net Sales Q2
- 26551000
- Six Month Revenue Yoy
- 23.6%
- Buyback Spend Six Months
- 6849961
- Capex Plan Remainder2026
- 3000000
- Gross Margin Q2 Prior Year
- 26.1%
- Shares Repurchased Six Months
- 505563
- Buyback Authorization Remaining
- 1492941
- Revolver Remaining Availability
- 17900000
- Midwest Acquisition Consideration
- 13536000
- Midwest Sales Contribution Since Close
- 1900000
Price after filing
Close on the filing date to close N calendar days later (from $15.52). Historical, not a forecast.
AI analysis
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