Loading…
Ascent Industries Co. engages in the development, production, and distribution of specialty chemical solutions. It offers surfactants, defoamers, lubricating agents, flame retardants, and specialty intermediates in petroleum-based and bio-based formulations. The company also provides custom manufacturing services, including product development, process optimization, scale-up, and commercial production. It serves the oil and gas; household, industrial and institutional; personal care; coatings, adhesives, sealants and elastomers; pulp and paper; textile; automotive; agricultural; water treatment; construction; and other industries. The company was formerly known as Synalloy Corporation and changed its name to Ascent Industries Co. in August 2022. Ascent Industries Co. was founded in 1945 and is headquartered in Schaumburg, Illinois.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $75M | $-3M | $1M | $-2M | 1.0% | -7.2% | - |
| 2024 | $81M | $-6M | $-14M | $14M | -14.5% | -58.2% | - |
| 2023 | $193M | $-29M | $-27M | $20M | -24.8% | -26.3% | -220.7% |
| 2022 | $262M | $23M | $22M | $2M | 16.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 261.99 | 193.18 | 80.76 | 74.94 |
| Cost Of Revenue | 218.71 | 191.65 | 70.07 | 57.73 |
| Gross Profit | 43.29 | 1.53 | 10.69 | 17.21 |
| Operating Expense | 27.64 | 26.71 | 20.90 | 24.16 |
| Operating Income | 15.65 | -25.19 | -10.21 | -6.95 |
| EBITDA | 23.03 | -29.17 | -5.63 | -2.77 |
| EBIT | 14.75 | -36.84 | -10.21 | -6.95 |
| Pretax Income | 12.01 | -41.08 | -10.77 | -5.56 |
| Tax Provision | -5.57 | -6.92 | 1.81 | 0.02 |
| Net Income | 22.07 | -26.63 | -13.60 | 0.87 |
| Net Income Common Stockholders | 22.07 | -26.63 | -13.60 | 0.87 |
| Total Expenses | 246.35 | 218.37 | 90.97 | 81.89 |
| Interest Expense | 2.74 | 4.24 | 0.42 | 0 |
| Research And Development | 0 | 0 | 0 | 0.07 |
| Selling General And Administration | 27.64 | 26.71 | 20.90 | 24.09 |
| Normalized EBITDA | 24.13 | -16.93 | -5.03 | -2.69 |
| Normalized Income | 18.45 | -23.98 | -12.11 | -5.52 |
| Basic EPS | 2.16 | 2.63 | -1.34 | 0 |
| Diluted EPS | 2.12 | 2.63 | -1.34 | 0 |
| Tax Effect Of Unusual Items | -0.23 | -2.07 | -0.12 | -0.02 |
| Tax Rate For Calcs | 0.21 | 0.17 | 0.21 | 0.21 |
| Total Unusual Items | -1.10 | -12.24 | -0.59 | -0.07 |
| Total Unusual Items Excluding Goodwill | -1.10 | -12.24 | -0.59 | -0.07 |
| Net Income From Continuing Operation Net Minority Interest | 17.58 | -34.15 | -12.58 | -5.58 |
| Reconciled Depreciation | 8.27 | 7.67 | 4.58 | 4.19 |
| Reconciled Cost Of Revenue | 218.71 | 191.65 | 70.07 | 57.73 |
| Net Interest Income | -2.74 | -4.24 | -0.42 | 0.71 |
| Net Income From Continuing And Discontinued Operation | 22.07 | -26.63 | -13.60 | 0.87 |
| Total Operating Income As Reported | 14.54 | -37.43 | -10.80 | -7.03 |
| Diluted Average Shares | 10.41 | 10.14 | 10.11 | 0 |
| Basic Average Shares | 10.23 | 10.14 | 10.11 | 0 |
| Diluted NI Availto Com Stockholders | 22.07 | -26.63 | -13.60 | 0.87 |
| Net Income Including Noncontrolling Interests | 22.07 | -26.63 | -13.60 | 0.87 |
| Net Income Discontinuous Operations | 4.49 | 7.52 | -1.02 | 6.45 |
| Net Income Continuous Operations | 17.58 | -34.15 | -12.58 | -5.58 |
| Other Income Expense | -0.90 | -11.65 | -0.15 | 0.68 |
| Other Non Operating Income Expenses | 0.21 | 0.59 | 0.45 | 0.75 |
| Special Income Charges | -1.10 | -12.24 | -0.59 | -0.07 |
| Other Special Charges | 0 | 0 | -0.07 | -2.28 |
| Write Off | 0 | 0 | 0 | 1.62 |
| Impairment Of Capital Assets | 0 | 11.39 | 0 | 0 |
| Restructuring And Mergern Acquisition | 1.10 | 0.85 | 0.66 | 0.73 |
| Gain On Sale Of Security | 0 | 0 | 0 | 0 |
| Net Non Operating Interest Income Expense | -2.74 | -4.24 | -0.42 | 0.71 |
| Total Other Finance Cost | 0 | 0 | 0.42 | -0.71 |
| Interest Expense Non Operating | 2.74 | 4.24 | 0.42 | 0 |
| Other Operating Expenses | 0 | 0 | 0 | 0 |
| Operating Revenue | 261.99 | 193.18 | 80.76 | 74.94 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ascent Industries Co.this co. | ACNT | $134M | - | 1.57 | 1.0% | -33.80 |
| Hudson Technologies, Inc. | HDSN | $256M | 16.43 | 1.04 | 6.8% | 7.85 |
| Core Molding Technologies, Inc. | CMT | $252M | 21.23 | 1.47 | 7.1% | 8.18 |
| Clearwater Paper Corporation | CLW | $208M | - | 0.25 | -2.3% | 5.43 |
| Montauk Renewables, Inc. | MNTK | $206M |
| 144.00 |
| 0.79 |
| 0.7% |
| 8.84 |
| FutureFuel Corp. | FF | $198M | - | 1.28 | -31.9% | -3.38 |
| Smith-Midland Corporation | SMID | $176M | 14.05 | 3.24 | 23.0% | 8.48 |
| Friedman Industries, Incorporated | FRD | $142M | 8.96 | 1.00 | 4.6% | 10.15 |
| American Vanguard Corporation | AVD | $81M | - | 0.43 | -25.9% | 11.42 |
| Peer Median | - | 16.43 | 1.02 | 2.6% | 8.33 | |