Ascent IndustriesACNT
ACNT
About: Ascent Industries Co is engaged in the chemical and metal industry. The group operates into two reportable segments namely the Specialty Chemicals and Tubular Products. The Tubular Products segment serves markets through pipe and tube and customers in the appliance, architectural, automotive, and commercial transportation, brewery, chemical, petrochemical, and other industries. The Specialty Chemicals segment produces specialty products for pulp and paper, coatings, adhesives, sealants, and elastomers (CASE), textile, automotive, household, and other industries. It manufactures welded pipe and tube, majorly from stainless steel, duplex, and nickel alloys. The company also produces specialty chemicals and dyes used in various end markets.
Employees: 452
0
Funds holding %
of 7,398 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
700% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 1
133% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 6
75% more capital invested
Capital invested by funds: $21.1M [Q3] → $37M (+$15.9M) [Q4]
54% more call options, than puts
Call options by funds: $103K | Put options by funds: $67K
23% more funds holding
Funds holding: 30 [Q3] → 37 (+7) [Q4]
11.33% more ownership
Funds ownership: 21.49% [Q3] → 32.82% (+11.33%) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for ACNT.
Financial journalist opinion
Based on 5 articles about ACNT published over the past 30 days
Neutral
Business Wire
2 weeks ago
Ascent Industries Brings Performance-Driven Oil & Gas Solutions to AFPM 2025
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 attend the American Fuel & Petrochemical Manufacturers (AFPM) Annual Meeting in San Antonio, Texas, from March 23-25, 2025. The Company will highlight its robust portfolio of oil & gas performance additives and its commitment to delivering reliable, U.S.-based chemical manufacturi.
Positive
Investors Business Daily
2 weeks ago
Two Stocks Buck Market Gloom, Scale To New Highs
Ascent Industries and Amber International hit new highs on Friday. The post Two Stocks Buck Market Gloom, Scale To New Highs appeared first on Investor's Business Daily.
Neutral
Seeking Alpha
2 weeks ago
Ascent Industries: Can The Small Steel Maker Take Advantage Of Trade Tarriffs?
ACNT is rated as a HOLD due to its potential benefits from Trump tariffs but requires evidence of improved performance in a changing market. The firm has solid financial health, limited debt, and efficient capital deployment but faces challenges with declining steel tube sales and small scale operations. ACNT's valuation is in line with industry peers, but its smaller scale and customer concentration risks warrant caution before investing.
Neutral
Business Wire
3 weeks ago
Ascent Industries Co. Announces Sale of Bristol Metals, LLC for $45 Million
SCHAUMBURG, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company focused on the production and distribution of specialty chemicals and industrial tubular products, has announced it has reached a definitive agreement to sell substantially all of the assets of Bristol Metals, LLC (“BRISMET”) to Ta Chen International, Inc. (Ta Chen), a manufacturer and distributor of stainless and aluminum coils, sheets, plates, long products, tubes and PV.
Neutral
Seeking Alpha
4 weeks ago
Ascent Industries Co. (ACNT) Q4 2024 Earnings Call Transcript
Ascent Industries Co. (NASDAQ:ACNT ) Q4 2024 Earnings Conference Call March 4, 2024 5:00 PM ET Company Participants Cody Cree - Outside IR Advisor Ben Rosenzweig - Executive Chairman Bryan Kitchen - CEO Ryan Kavalauskas - CFO Conference Call Participants Operator Good afternoon everyone and thank you for participating in today's conference call to discuss Ascent's Financial Results for the Fourth Quarter and Full Year ended December 31st, 2024. Joining us today are Ascent's Executive Chairman of the Board, Ben Rosenzweig; CEO, Bryan Kitchen; CFO, Ryan Kavalauskas; and the company's outside Investor Relations Adviser, Cody Cree.
Neutral
Business Wire
4 weeks ago
Ascent Industries Reports Fourth Quarter and Full Year 2024 Results
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, is reporting its results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Summary1 (in millions, except per share and margin) Q4 2024 Q4 2023 Change Net Sales $40.7 $41.2 (1.3)% Gross Profit $7.3 $(2.1) 438.4% Gross Profit Margin 17.9% (5.2)% 2310 bps Net Incom.
Neutral
Business Wire
1 month ago
Ascent Industries Sets Fourth Quarter and Full Year 2024 Earnings Conference Call for March 4, 2025, at 5:00 p.m. ET
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 Tuesday, March 4, 2025, at 5:00 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2024. The results will be reported in a press release prior to the conference call. Ascent management will host the conferen.
Neutral
Business Wire
1 month ago
Leading the Domestic Manufacturing Renaissance: Ascent Industries to Kick Off SOCMA 2025
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, is set to sponsor and exhibit at the 2025 SOCMA (Society of Chemical Manufacturers and Affiliates) Show in Nashville, Tennessee, from February 19–21. As an active member of SOCMA, Ascent has the privilege of kicking off the event at Tuesday evening's Welcome Reception, setting the stage for the.
Neutral
Business Wire
1 month ago
Ascent Announces Board Authorization of Expanded Stock Purchase Program
SCHAUMBURG, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) today announced that its Board of Directors authorized an expanded and extended stock repurchase program under which up to 1,000,000 shares, approximately 10% of its outstanding common stock, may be acquired in the open market over the next 24 months at the discretion of management. Bryan Kitchen, President and CEO, said, “Share repurchases are a key part of our capital allocation strategy. The Board's expanded authorizatio.
Neutral
Business Wire
2 months ago
Innovating Clean, Simplifying Care: Ascent Industries Launches New HI&I Ingredients Portfolio
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, announced today the launch of its Household, Industrial, and Institutional (HI&I) Cleaning Ingredients Portfolio. The comprehensive range of engineered solutions delivers exceptional cleaning performance while prioritizing sustainability, reflecting Ascent's commitment to “Innovating Clean.
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