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ASCENT INDUSTRIES CO.

For the period ended Mar 31, 2026. Filed May 6, 2026.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 6, 2026

ACNT$13.74+1.1%Stored close · as of Nov 6, 2026
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended March 31, 2026

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Transition Period from _____ to _____

COMMISSION FILE NUMBER 0-19687

(Exact name of registrant as specified in its charter)

Delaware57-0426694
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
20 N. Martingale Rd,Suite 430,
Schaumburg,Illinois60173
(Address of principal executive offices)(Zip Code)
(630)884-9181
(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of exchange on which registered
Common Stock, par value $1.00 per shareACNTNASDAQ Global Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes x No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or emerging growth company. See definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filerxNon-accelerated filer☐
Smaller reporting companyxEmerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Yes☐ No☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐ Nox

The number of shares outstanding of the registrant's common stock as of May 4, 2026 was 9,038,215

PART I. FINANCIAL INFORMATION
Disclosure Regarding Forward Looking Statements2
Item 1.Financial Statements
Condensed Consolidated Balance Sheets as of March 31, 2026 (unaudited) and December 31, 20253
Condensed Consolidated Statements of Income (Loss) for the Three Months Ended March 31, 2026 and 2025 (unaudited)4
Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025 (unaudited)5
Condensed Consolidated Statements of Shareholders' Equity for the Three Months Ended March 31, 2026 and 2025 (unaudited)6
Notes to Condensed Consolidated Financial Statements (unaudited)
Note 1: Basis of Presentation7
Note 2: Discontinued Operations8
Note 3: Revenue Recognition9
Note 4: Fair Value of Financial Instruments9
Note 5: Inventories10
Note 6: Property, Plant and Equipment10
Note 7: Intangible Assets and Deferred Charges11
Note 8: Debt11
Note 9: Leases12
Note 10: Shareholders' Equity14
Note 11: Loss Per Share15
Note 12: Income Taxes15
Note 13: Commitments and Contingencies15
Note 14: Industry Segments16
Note 15: Subsequent Events17
Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations19
Item 3.Quantitative and Qualitative Disclosures About Market Risk24
Item 4.Controls and Procedures24
PART II. OTHER INFORMATION
Item 1.Legal Proceedings25
Item 1A.Risk Factors25
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds25
Item 3.Defaults Upon Senior Securities25
Item 4.Mine Safety Disclosures25
Item 5.Other Information25
Item 6.Exhibits26
Signatures27
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.