SCHAUMBURG, Ill.--(BUSINESS WIRE)--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,...
SCHAUMBURG, Ill.--(BUSINESS WIRE)--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. Member...
SCHAUMBURG, Ill.--(BUSINESS WIRE)--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 manufact...
SCHAUMBURG, Ill.--(BUSINESS WIRE)--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)...
SCHAUMBURG, Ill.--(BUSINESS WIRE)--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 pr...
SCHAUMBURG, Ill.--(BUSINESS WIRE)--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 withi...
SCHAUMBURG, Ill.--(BUSINESS WIRE)--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 $...
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