Earnings Releases·Nov 4, 2026, 4:18 PM ET

Ascent Industries — Third Quarter 2026 Earnings Summary

Net sales rose 37.8% year-over-year to $27.1 million (excluding Midwest acquisition: $24.9 million), while net income turned positive at $1.4 million compared to a $0.1 million loss in the prior year period; diluted EPS improved to $0.15 from a $0.01 loss.
Adjusted EBITDA surged 155.8% to $3.5 million with a margin expansion to 13.0% from 7.0% year-over-year, driven by volume and pricing increases despite cost pressures from materials, labor, and shipping.
The company reported a post-COVID record trailing twelve-month net sales of $91.0 million and Adjusted EBITDA of $2.9 million, supported by $28.7 million in cash and no debt outstanding under revolving credit facilities.
Management highlighted the acquisition of Midwest Graphic Sales and Sigma Coatings as a "meaningful step forward," noting the business is accretive to earnings when excluding corporate allocations and remains on schedule for manufacturing transition.
Capital allocation priorities focus on liquidity protection, working capital improvement, and disciplined M&A, while share repurchases totaled $6.8 million year-to-date with no activity in the third quarter.