Ascent Industries Co 2026年季度报告

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the Transition Period from _____ to _____ Ascent Industries Co.(Exact name of registrant as specified in its charter) 57-0426694 Delaware (I.R.S. Employer Identification No.) (State or other jurisdiction of incorporation or organization) 20 N. Martingale Rd, Suite 430,Schaumburg, Illinois(Address of principal executive offices) 60173(Zip Code) (630) 884-9181(Registrant's telephone number,including area code) Securities registered pursuant to Section 12(b) of the Act: Trading SymbolACNT Name of exchange on which registeredNASDAQ Global Market Common Stock, par value $1.00 per share 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 of1934 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 suchfiling requirements for the past 90 days. YesNo☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).YesNo☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company oremerging growth company. See definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growthcompany" in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filerNon-accelerated filerSmaller reporting companyEmerging 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 anynew 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☐No The number of shares outstanding of the registrant's common stock as of May4, 2026 was 9,038,215 Ascent Industries Co.Table of Contents PART I. FINANCIAL INFORMATION Disclosure Regarding Forward Looking StatementsItem 1.Financial Statements 2Condensed Consolidated Balance Sheets as of March 31, 2026 (unaudited) and December 31, 20253Condensed Consolidated Statements of Income (Loss) for the Three Months Ended March 31, 2026 and 2025 (unaudited)4Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025 (unaudited)5Condensed Consolidated Statements of Shareholders' Equity for the Three Months Ended March 31, 2026 and 2025 (unaudited)6Notes to Condensed Consolidated Financial Statements (unaudited)Note 1: Basis of Presentation7Note 2: Discontinued Operations8Note 3: Revenue Recognition9Note 4: Fair Value of Financial Instruments9Note 5: Inventories10Note 6: Property, Plant and Equipment10Note 7: Intangible Assets and Deferred Charges11Note 8: Debt11Note 9: Leases12Note 10: Shareholders' Equity14Note 11: Loss Per Share15Note 12: Income Taxes15Note 13: Commitments and Contingencies15Note 14: Industry Segments16Note 15: Subsequent Events17Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations19Item 3.Quantitative and Qualitative Disclosures About Market Risk24Item 4.Controls and Procedures24 PART II. OTHER INFORMATION Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.Exhibits Signatures Table of Contents Forward-Looking Statements This Quarterly Report on Form 10-Q includes "forward-looking statements" within the meaning of the Private Securities LitigationReform Act of 1995 and other applicable federal securities laws. All statements that are not historical facts are forward-lookingstatements. Forward looking statements can be identified through the use of words such as "estimate," "project," "intend," "expect,""believe," "should," "anticipate," "hope," "optimistic," "plan," "outlook," "should," "could," "may" and similar expressions. Theforward-looking statements are subject to certain risks and uncertainties, including without limitation those identified below, whichcould cause actual results to differ materially from historical results or those anticipated. Readers are cautioned not to place unduereliance on these forward-looking statements. The following factors could cause actual results to differ materially from historicalresults or those anticipated: adverse economic conditions, including risks relating to the impact and spread of and the government’sres