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Industry Segments
 3 Months Ended
Mar. 31, 2025
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 tube. The Tubular Products segment serves markets through tube and customers in the appliance, architectural, automotive and commercial transportation, brewery, furniture, food processing, HVAC, marine, medical, 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 table summarizes certain information regarding segments of the Company's continuing operations:
Three Months Ended March 31, 2025
(in thousands)Specialty ChemicalsTubular Products
Corporate & Other1
Total Continuing Operations
Net sales$17,835 $6,897 $— $24,732 
Cost of goods sold - material8,364 2,958 — 11,322 
Cost of goods sold - other2
5,725 2,230 678 8,633 
Gross profit3,746 1,709 (678)4,777 
Selling, general and administrative expense3
2,899 704 1,972 5,575 
Interest expense, net16 1 98 115 
Other expense (income)93 — (4)89 
Net income (loss)738 1,004 (2,744)(1,002)
Three Months Ended March 31, 2024
(in thousands)Specialty ChemicalsTubular Products
Corporate & Other1
Total Continuing Operations
Net sales$20,296 $7,656 $— $27,952 
Cost of goods sold - material10,546 3,697 — 14,243 
Cost of goods sold - other2
8,199 3,020 165 11,384 
Gross profit1,551 939 (165)2,325 
Selling, general and administrative expense3
2,990 993 2,685 6,668 
Interest expense, net19 — 108 127 
Income taxes— — (585)(585)
Other expense (income)— — (119)(119)
Net loss(1,458)(54)(2,254)(3,766)
As of
(in thousands)March 31, 2025December 31, 2024
Identifiable assets
Tubular Products$40,673 $38,928 
Specialty Chemicals13,646 12,502 
Corporate and other44,670 46,297 
$98,989 $97,727 
1All 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.
2Cost 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.
3Selling, 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.