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Industry Segments | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Industry Segments | Industry Segments Ascent Industries Co. has two reportable segments: Specialty Chemicals and Tubular Products. The Specialty Chemicals segment includes the operating results of the Company’s plants involved in the production of specialty chemicals. The Specialty Chemicals segment produces critical ingredients and process aids for the oil & gas, household, industrial and institutional ("HII"), personal care, coatings, adhesives, sealants and elastomers (CASE), pulp and paper, textile, automotive, , agricultural, water treatment, construction and other industries. The Tubular Products segment includes the operating results of the Company’s plants involved in the production of stainless steel pipe and tube. The Tubular Products segment serves markets through pipe and tube and customers in the appliance, architectural, automotive and commercial transportation, brewery, chemical, petrochemical, pulp and paper, mining, power generation (including nuclear), water and waste-water treatment, liquid natural gas ("LNG"), food processing, pharmaceutical, oil and gas and other industries. The chief executive officer, who is also the chief operating decision maker (CODM), evaluates performance and determines resource allocations based on a number of factors, the primary measures being gross margin and segment net income (loss). The accounting principles applied at the operating segment level are the same as those applied at the consolidated financial statement level. The significant expense categories and amounts below align with the segment-level information that is regularly provided to the CODM. Intersegment sales and transfers are eliminated at the corporate consolidation level. The following tables summarizes certain information regarding segments of the Company's continuing operations:
|  | Year Ended December 31, 2024
(in thousands) |  | Specialty Chemicals |  | Tubular Products |  | Corporate & Other 1 |  | Total Continuing Operations
Net sales |  | $ | 80,764 |  |  | $ | 97,108 |  |  | $ | — |  |  | $ | 177,872 |
Cost of goods sold - material |  | 40,903 |  |  | 53,284 |  |  | — |  |  | 94,187 |
Cost of goods sold - other 2 |  | 28,671 |  |  | 32,402 |  |  | 498 |  |  | 61,571 |
Gross profit |  | 11,190 |  |  | 11,422 |  |  | (498) |  |  | 22,114 |
Selling, general and administrative expense 3 |  | 9,546 |  |  | 8,743 |  |  | 8,297 |  |  | 26,586 |
Interest expense, net |  | 75 |  |  | 1 |  |  | 342 |  |  | 418 |
Income taxes |  | — |  |  | — |  |  | 6,159 |  |  | 6,159 |
Other expense (income) |  | 476 |  |  | 29 |  |  | (329) |  |  | 176 |
Net income (loss) |  | 1,093 |  |  | 2,649 |  |  | (14,967) |  |  | (11,225) |
Identifiable assets |  | $ | 38,928 |  |  | $ | 61,980 |  |  | $ | 46,296 |  |  | $ | 147,204 |
Capital expenditures |  | 1,180 |  |  | 773 |  |  | (61) |  |  | 1,892 |
Geographic sales |  |  |  |  |  |  |  |
United States |  | 75,565 |  |  | 95,264 |  |  | — |  | 170,829 |
International |  | $ | 5,199 |  |  | $ | 1,844 |  |  | — |  | $ | 7,043 |
|  | Year Ended December 31, 2023
(in thousands) |  | Specialty Chemicals |  | Tubular Products |  | Corporate & Other 1 |  | Total Continuing Operations
Net sales |  | $ | 83,616 |  |  | $ | 109,513 |  |  | $ | 50 |  |  | $ | 193,179 |
Cost of goods sold - material |  | 46,377 |  |  | 67,323 |  |  | (63) |  |  | 113,637 |
Cost of goods sold - other 2 |  | 31,429 |  |  | 45,864 |  |  | 723 |  |  | 78,016 |
Gross profit |  | 5,810 |  |  | (3,674) |  |  | (610) |  |  | 1,526 |
Selling, general and administrative expense 3 |  | 6,966 |  |  | 7,537 |  |  | 12,209 |  |  | 26,712 |
Goodwill impairment |  | 11,389 |  |  | — |  |  | — |  |  | 11,389 |
Interest expense, net |  | 74 |  |  | 1 |  |  | 4,163 |  |  | 4,238 |
Income taxes |  | — |  |  | — |  |  | (6,924) |  |  | (6,924) |
Other expense (income) |  | — |  |  | (1) |  |  | 263 |  |  | 262 |
Net loss |  | (12,619) |  |  | (11,211) |  |  | (10,321) |  |  | (34,151) |
Identifiable assets |  | $ | 49,547 |  |  | $ | 70,548 |  |  | $ | 42,339 |  |  | $ | 162,434 |
Capital expenditures |  | 1,519 |  |  | 1,104 |  |  | 262 |  |  | 2,885 |
Geographic sales |  |  |  |  |  |  |  |
United States |  | 79,498 |  |  | 108,693 |  |  | 50 |  |  | 188,241 |
International |  | $ | 4,118 |  |  | $ | 820 |  |  | $ | — |  |  | $ | 4,938 |
1 All Other includes corporate overhead expenses and ongoing expenses for properties under the Master Lease not assigned to a segment in which the Company is the responsible party. 2 Cost of good sold - other includes manufacturing labor and overhead expenses, depreciation expense, repair and maintenance expense, shipping expense, scrap and shrinkage expense, and other operational manufacturing overhead expenses. 3 Selling, general and administrative expenses include sales and administrative salaries, wages and benefits and overhead expenses, professional fees, depreciation and amortization expense, corporate overhead allocation expense and other administrative overhead expenses.

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- Definition The entire disclosure for reporting segments including data and tables. 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