Ascent Industries Reports Third Quarter 2026 Results; Year-Over-Year Net Sales Increase 37.8%, Including 26.3% Growth in Sales Excluding the Midwest Graphic Sales Acquisition; Adjusted EBITDA Improves by $2.1 Million

J. Bryan Kitchen, President and Chief Executive Officer of Ascent Industries Co.

“The third quarter represented another meaningful step forward in the financial performance of our business”

J. Bryan Kitchen, President and Chief Executive Officer of Ascent Industries Co.

“Net sales from Continuing Operations increased 37.8% year over year to $27.1 million, gross profit increased 21.9% to $7.1 million and Adjusted EBITDA increased 155.8% to $3.5 million, amid muted market conditions.”

J. Bryan Kitchen, President and Chief Executive Officer of Ascent Industries Co.

“For the trailing twelve months ended September 30, 2026, the Company achieved post-COVID record net sales of $91.0 million across Chemicals and post-COVID record Adjusted EBITDA of $2.9 million across continuing operations.”

J. Bryan Kitchen, President and Chief Executive Officer of Ascent Industries Co.

“We are encouraged by the progress reflected in our third-quarter results”

J. Bryan Kitchen, President and Chief Executive Officer of Ascent Industries Co.

“As we work to grow our way out of the built-in seasonality associated with our legacy business, we recognize that there is additional work ahead to make that improvement more consistent and durable.”

J. Bryan Kitchen, President and Chief Executive Officer of Ascent Industries Co.

“Pricing has contributed to performance, but over time we expect a greater share of margin improvement to come from better execution, productivity and a more efficient operating model.”

J. Bryan Kitchen, President and Chief Executive Officer of Ascent Industries Co.

“The performance of Midwest Graphic Sales continues to reinforce our confidence in both the acquisition and the growth runway ahead.”

J. Bryan Kitchen, President and Chief Executive Officer of Ascent Industries Co.

“In its first full quarter as part of Ascent, Midwest contributed positively to our financial results and remained accretive to earnings when excluding the impact of corporate allocations.”

J. Bryan Kitchen, President and Chief Executive Officer of Ascent Industries Co.

“The manufacturing transition remains on schedule, and our teams continue to identify and progress commercial opportunities beyond the original underwriting case.”

J. Bryan Kitchen, President and Chief Executive Officer of Ascent Industries Co.

“We are also pleased to report that the Company received the full $4.55 million escrow holdback associated with the sale of certain assets related to Bristol Metals, further strengthening our liquidity.”

J. Bryan Kitchen, President and Chief Executive Officer of Ascent Industries Co.

“Separately, our business generated positive operating cash flow during the quarter, a meaningful improvement from the cash-use run rate earlier in the year.”

J. Bryan Kitchen, President and Chief Executive Officer of Ascent Industries Co.

“Our capital allocation priorities remain focused on protecting liquidity, improving working capital and investing in the business, while preserving flexibility for disciplined M&A and opportunistic share repurchases.”

J. Bryan Kitchen, President and Chief Executive Officer of Ascent Industries Co.

“Our strategy remains unchanged, and the evidence supporting it continues to strengthen.”

J. Bryan Kitchen, President and Chief Executive Officer of Ascent Industries Co.

“We are improving the quality of our portfolio, accelerating growth and translating a greater share of that growth into earnings.”

J. Bryan Kitchen, President and Chief Executive Officer of Ascent Industries Co.

“Together, these priorities position Ascent to deliver higher returns on invested capital and greater long-term value for our shareholders.”