Ascent Industries Co. (ACNT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
20 N. MARTINGALE RD SCHAUMBURG, IL 60173 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3317 - Steel Pipe and Tubes (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,851 | 1,441 | 2,021 | 236 | 4,926 | 2,220 | |||
| Cash and cash equivalent | 1,851 | 1,441 | 2,021 | 236 | 626 | 2,220 | |||
| Short-term investments | 4,300 | ||||||||
| Receivables | 26,604 | 45,120 | 50,126 | 28,183 | 35,074 | 41,065 | |||
| Inventory, net of allowances, customer advances and progress billings | 52,306 | 114,452 | 103,249 | 85,080 | 98,186 | 114,201 | |||
| Inventory | 52,306 | 114,452 | 103,249 | 85,080 | 98,186 | 114,201 | |||
| Disposal group, including discontinued operation | 861 | 380 | 855 | ||||||
| Asset, held-for-sale, not part of disposal group | 2,912 | ||||||||
| Other undisclosed current assets | 4,879 | 8,982 | 3,728 | 13,384 | 8,929 | 9,983 | |||
| Total current assets: | 89,413 | 170,375 | 159,979 | 126,883 | 147,115 | 167,470 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 1,543 | 1,494 | 1,640 | 56 | ✕ | ||||
| Operating lease, right-of-use asset | 27,784 | 29,224 | 30,811 | 31,769 | 35,772 | ✕ | |||
| Property, plant and equipment | 40,690 | 40,924 | |||||||
| Intangible assets, net (including goodwill) | 8,496 | 21,776 | 27,019 | 12,781 | 33,272 | 19,496 | |||
| Goodwill | 11,389 | 12,637 | 1,355 | 17,558 | 9,800 | ||||
| Intangible assets, net (excluding goodwill) | 8,496 | 10,387 | 14,382 | 11,426 | 15,714 | 9,696 | |||
| Deferred income tax assets | 5,808 | 1,353 | ✕ | ||||||
| Other noncurrent assets | 1,935 | 3,766 | 4,171 | ||||||
| Other undisclosed noncurrent assets | 28,316 | 41,055 | 42,382 | 35,495 | 348 | 508 | |||
| Total noncurrent assets: | 73,882 | 98,668 | 106,023 | 80,101 | 110,082 | 60,929 | |||
| TOTAL ASSETS: | 163,295 | 269,043 | 266,002 | 206,984 | 257,197 | 228,399 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 21,524 | 29,291 | 44,725 | 25,855 | 32,763 | 37,237 | |||
| Accounts payable | 16,416 | 22,731 | 32,318 | 19,732 | 21,150 | 25,074 | |||
| Accrued liabilities | 5,108 | 6,560 | 12,407 | 6,123 | 11,613 | 12,164 | |||
| Deferred revenue | ✕ | ||||||||
| Debt | 652 | 2,744 | 2,697 | 894 | 7,815 | ||||
| Estimated litigation liability | |||||||||
| Disposal group, including discontinued operation | 1,473 | ||||||||
| Due to related parties | ✕ | ✕ | 2 | ||||||
| Other undisclosed current liabilities | 1,140 | 1,443 | 3,065 | 4,301 | |||||
| Total current liabilities: | 24,789 | 33,478 | 50,489 | 31,050 | 40,578 | 37,237 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,307 | 70,327 | 101,401 | 93,303 | 105,613 | 76,405 | |||
| Long-term debt, excluding current maturities | 69,085 | 67,928 | 60,495 | 71,554 | 76,405 | ||||
| Finance lease, liability | 1,307 | 1,242 | 1,414 | 37 | 336 | ✕ | |||
| Liabilities, other than long-term debt | 29,789 | 30,979 | 2,522 | 2,336 | 4,495 | 1,717 | |||
| Deferred income tax liabilities | 2,433 | 1,957 | 790 | ✕ | |||||
| Other liabilities | 60 | 68 | 89 | 92 | 127 | 1,717 | |||
| Operating lease, liability | 29,729 | 30,911 | 32,059 | 32,771 | 33,723 | ✕ | |||
| Business combination, contingent consideration, liability | 287 | 3,578 | |||||||
| Total noncurrent liabilities: | 31,096 | 101,306 | 103,923 | 95,639 | 110,108 | 78,123 | |||
| Total liabilities: | 55,885 | 134,784 | 154,412 | 126,689 | 150,686 | 115,360 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 107,410 | 134,259 | 111,590 | 80,295 | 106,511 | 102,484 | |||
| Common stock | 11,085 | 11,085 | 11,085 | 10,300 | 10,300 | 10,300 | |||
| Treasury stock, value | (9,525) | (8,993) | (8,633) | (10,559) | (11,748) | (13,302) | |||
| Additional paid in capital | 47,333 | 47,021 | 46,058 | 37,719 | 37,407 | ||||
| Retained earnings | 58,517 | 85,146 | 63,080 | 42,835 | 70,552 | 68,965 | |||
| Other undisclosed equity, attributable to parent | 36,521 | ||||||||
| Total equity: | 107,410 | 134,259 | 111,590 | 80,295 | 106,511 | 102,484 | |||
| Other undisclosed liabilities and equity | 10,555 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 163,295 | 269,043 | 266,002 | 206,984 | 257,197 | 228,399 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 193,179 | 414,147 | 334,715 | 256,000 | 305,168 | 280,841 | ||
| Cost of revenue (Cost of Product and Service Sold) | (191,653) | (357,614) | (273,949) | (233,348) | ||||
| Other undisclosed gross profit | (274,395) | (229,604) | ||||||
| Gross profit: | 1,526 | 56,533 | 60,766 | 22,652 | 30,773 | 51,237 | ||
| Operating expenses | (38,956) | (36,152) | (31,378) | (51,980) | (33,228) | (1,212) | ||
| Other undisclosed operating income (loss) | 7 | (2,040) | (1,739) | 747 | (28,788) | |||
| Operating income (loss): | (37,430) | 20,388 | 27,348 | (31,067) | (1,708) | 21,237 | ||
| Nonoperating income (expense) | 593 | 209 | (141) | 1,204 | 1,763 | (2,553) | ||
| Other nonoperating income (expense) | 593 | 209 | (143) | 1,255 | 1,904 | (2,573) | ||
| Interest and debt expense | (4,238) | (2,742) | (1,709) | (2,110) | (3,818) | (2,211) | ||
| Income (loss) from continuing operations before income taxes: | (41,075) | 17,855 | 25,498 | (31,973) | (3,763) | 16,474 | ||
| Income tax expense (benefit) | 6,924 | 4,211 | (5,253) | 4,706 | 727 | (3,376) | ||
| Income (loss) from continuing operations: | (34,151) | 22,066 | 20,245 | (27,267) | (3,036) | 13,097 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 20,245 | (27,267) | (3,036) | 13,097 | |
| Net income (loss): | (34,151) | 22,066 | 20,245 | (27,267) | (3,036) | 13,097 | ||
| Other undisclosed net income (loss) attributable to parent | 7,522 | |||||||
| Net income (loss) available to common stockholders, diluted: | (26,629) | 22,066 | 20,245 | (27,267) | (3,036) | 13,097 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (34,151) | 22,066 | 20,245 | (27,267) | (3,036) | 13,097 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (34,151) | 22,066 | 20,245 | (27,267) | (3,036) | 13,097 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.