Adam Waldo

- Ascent Industries Co. has completed its strategic transformation into a **pure-play specialty chemical company** by divesting its stainless steel tubular assets in April and July 2025.  **[95953_2145660_1]**  The sale of a final non-operational asset in Munn Hall, Pennsylvania, is anticipated by year-end 2025, expected to contribute a **$2.1 million annualized EBITDA uplift**.  **[95953_2145660_4]** 
- The company reported significant financial improvements, including a **$20 million turnaround in adjusted EBITDA** in 2024  **[95953_2145660_1]**  and a **24% reduction in costs** in the first half of 2025 compared to the first half of 2024.  **[95953_2145660_4]** 
- Ascent Industries Co. maintains a strong balance sheet with **zero debt** and approximately **$60 million in cash** at the close of the quarter, providing **$90 million in total investment capacity** for organic and purposeful inorganic growth.  **[95953_2145660_5]** 
- Organic growth is a key focus, with an active selling project pipeline of **$45 million** at the end of Q1 2025, growing by an additional **$25 million** by the end of Q2 2025.  **[95953_2145660_4]**  The company also repurchased and retired approximately **6% of its outstanding shares** in Q2 2025.  **[95953_2145660_5]**

Ascent Industries Co. Completes Transformation to Pure-Play Specialty Chemical Company, Reports Strong Financial Improvements and Growth Pipeline

- Ascent Industries has transformed into a pure-play specialty chemicals company after divesting its tubular asset business, generating **$65 million** in proceeds.  **[95953_tx_378164_1]**  The company reported **$60 million** in cash and **$30 million** in borrowing capacity at the close of Q2 **2025**.  **[95953_tx_378164_4]** 
- In **2024**, Ascent achieved a **$19.9 million** turnaround and generated over **$17 million** in cash.  **[95953_tx_378164_1]**  The pure-play specialty chemical revenue was about **$81 million** at year-end **2024**, with a focus on improving gross margins by deselecting poor quality business.  **[95953_tx_378164_2]** 
- The company is focused on organic growth, with a **$70 million** selling project pipeline in the first half of **2025** expected to drive growth into **2026**.  **[95953_tx_378164_3]** **[95953_tx_378164_4]**  Ascent aims to grow its top line from **$75-80 million** to **$120-130 million** within its existing asset base.  **[95953_tx_378164_4]** 
- Ascent is actively seeking accretive M&A opportunities, targeting non-distressed assets at up to an **8x multiple pre-synergies**.  **[95953_tx_378164_4]**  Long-term financial targets include **30-35%** gross margins and **15%** adjusted EBITDA margins.  **[95953_tx_378164_4]**

ASCENT INDUSTRIES (ACNT)