PresentationJ. KitchenPresident & CEO Okay. Great. Thank you very much, and thanks everyone for joining. Good morning, good afternoon. Let's go ahead and jump right in. As she mentioned, Bryan Kitchen, President and CEO of the Ascent Industries Company. The slide that you should see in front of you is Slide #3. So before we just jump in, Ryan Kavalauskas, our CFO, and I have been together for a number of years, about 10, to be precise. So -- and we work together at an array of different companies. Prior to ...

Ascent Industries Conference Call Summary Company Overview - **Company Name**: Ascent Industries (NasdaqGM:ACNT) - **Industry**: Specialty Chemicals - **History**: Founded in 1945, transitioned from a specialty chemical company to a diversified entity, and recently refocused as a pure-play specialty chemical company after divesting tubular assets [4][5][34] Key Points and Arguments Management Team and Experience - **Leadership**: Brian Kitchen (CEO) and Ryan Kavalauskas (CFO) have a combined experience of over 10 years working together, previously at Clearon, a specialty chemical company [2][3] - **Turnaround Experience**: The management team successfully turned around Clearon from a loss of $8 million in Adjusted EBITDA to a profit of $36 million over four years [3] Financial Performance - **Sales**: Last year, Ascent Industries reported approximately $80 million in sales [6] - **Adjusted EBITDA**: Significant improvement noted, with a gross profit increase of 171% or $11 million on a trailing 12-month basis [6] - **Share Buybacks**: The company has repurchased about 7.2% of its outstanding shares, totaling 726,000 shares [7][21] Operational Strategy - **Portfolio Optimization**: Successfully executed a strategy to divest tubular assets, focusing solely on specialty chemicals [5][34] - **Manufacturing Capacity**: Operates three manufacturing facilities in Virginia, Tennessee, and South Carolina, with a current utilization rate below 50% [12][13] - **Cost Management**: Achieved $2.1 million in annualized cost savings by eliminating idle facilities [6][32] Market Position and Growth Strategy - **Target Markets**: Focus on life sciences, personal care, agriculture, HI&I (Household, Industrial & Institutional), oil and gas, and water treatment [12][9] - **Customer Base**: Serves over 170 customers, primarily small to mid-sized manufacturers, providing tailored solutions [10][11] - **Sales Pipeline**: Strong growth in the sales pipeline, with a 45% increase from Q1 to Q2 and a 26% increase from Q2 to Q3 [17] Future Outlook - **Revenue Growth**: Expected revenue split for 2026 is 65% from custom manufacturing and 35% from product sales [24] - **Gross Margin Goals**: Aiming for a gross margin profile of approximately 35% and EBITDA margins of 15%-20% by 2030 [19][20] - **Cash Position**: Currently holds $60 million in cash with zero debt, providing capacity for investments and share repurchases [20][21] Competitive Landscape - **Raw Material Sourcing**: 95% of sales supported by domestically sourced raw materials, mitigating tariff impacts [26][27] - **Reshoring Trends**: Increased inquiries from customers looking to reshore supply chains to the U.S. due to tariff situations [28][30] Additional Important Insights - **Utilization Levels**: Significant operating leverage remains, with potential for growth without substantial capital reinvestment [13][31] - **Customer Retention**: Custom manufacturing opportunities tend to be sticky, leading to long-term customer relationships [33] - **Market Positioning**: Positioned as a clean, optimized, and growth-ready company, with a focus on organic growth strategies [23][35] This summary encapsulates the key insights from the Ascent Industries conference call, highlighting the company's strategic direction, financial performance, and market positioning.

Financial Data and Key Metrics Changes - Q3 2025 revenue was $19.7 million, a 6% decrease year-over-year but a 6% increase sequentially from Q2 2025 [10][11] - Gross profit increased by 20% to $5.8 million, with gross margins expanding to 29.7%, up from 26.1% in Q2 and 14.4% in the prior year [11][12] - Adjusted EBITDA improved to $1.4 million, an increase of $2.1 million year-over-year [12] Business Line Data and Key Metrics Changes - The company added $18.2 million of selling projects to its pipeline in Q3, indicating robust growth potential [8] - Approximately 65% of new commitments were related to custom manufacturing, while 35% were product sales [7] Market Data and Key Metrics Changes - The company reported a 49% conversion rate of new projects into customer commitments, reflecting strong market engagement [6][20] - Key segments driving new business include CASE (coatings, adhesives, sealants, elastomers), water treatment, and infrastructure applications [27] Company Strategy and Development Direction - The company is focused on organic growth by filling available capacity with high-margin opportunities and deepening customer partnerships through innovation [9] - Strategic investments in R&D are being made to accelerate product and process development, enhancing technical differentiation [8] Management's Comments on Operating Environment and Future Outlook - Management emphasized that the company is not waiting for market recovery but is creating its own growth through disciplined execution and strategic focus [9] - The transition to a pure-play specialty chemical company is complete, with a focus on structural margin improvement and durable growth [10][11] Other Important Information - The company ended the quarter with $58 million in cash, no debt, and $13.7 million of incremental availability under its revolver, indicating a strong financial position [12][13] - Management is patient regarding M&A opportunities, prioritizing internal growth over acquisitions unless returns are undeniable [13][55] Q&A Session Summary Question: Clarification on new business won in Q3 - Management confirmed that approximately $12.5 million of new business was won in Q3 from the $25 million pipeline built in Q2 [18] Question: High conversion rate in Q3 - Management attributed the high conversion rate to the health of projects entering the pipeline and improved execution [19][20] Question: End-user markets driving new business - Key markets include CASE, water treatment, and infrastructure-related applications [27] Question: Board alignment with future strategy - Management noted that the board is reimagining its composition to align with the company's future as a specialty chemical company [28][29] Question: Concerns about operational and corporate landscape - Management expressed that talent retention during transformation is a primary concern [30] Question: Gross margin sustainability - Management indicated confidence in sustaining a 30% gross margin with potential for modest increases [38][39] Question: Update on Munhall divestiture - Management is working towards completing the divestiture by the end of the year [41] Question: R&D investments and product development - New R&D leadership is already making significant impacts on product manufacturability and scaling [59][60]

Financial Performance - Consolidated net sales for Q3 2025 were $19.7 million, a decrease of $1.2 million, or 5.7%, compared to Q3 2024, primarily due to a 12.4% decrease in pounds shipped [100]. - Consolidated gross profit for Q3 2025 increased 94.2% to $5.8 million, or 29.7% of sales, compared to $3.0 million, or 14.4% of sales in Q3 2024 [102]. - Consolidated SG&A expenses for Q3 2025 increased to $6.3 million, or 31.7% of sales, compared to $5.0 million, or 24.1% of sales in Q3 2024 [103]. - Consolidated operating loss for Q3 2025 was $0.8 million, an improvement from an operating loss of $2.0 million in Q3 2024 [105]. - Consolidated net sales for the nine months ended September 30, 2025 were $56.2 million, a decrease of $6.5 million, or 10.3%, compared to the same period in 2024 [101]. - The company experienced a net loss from continuing operations of $(125,000) for the three months ended September 30, 2025, compared to $(7,801,000) in the same period of 2024 [116]. Cash Flow and Liquidity - The divestiture of American Stainless Tubing generated approximately $16 million in cash proceeds, with a preliminary pretax gain on sale of $4.6 million [95]. - The divestiture of Bristol Metals resulted in approximately $45 million in cash proceeds, with a pretax gain on sale of $2.5 million recognized in Q3 2025 [96][98]. - As of September 30, 2025, the company held $58.0 million in cash and cash equivalents and had $13.7 million of remaining available capacity on its revolving line of credit [118]. - Cash used in operating activities for the nine months ended September 30, 2025, was $(7,568,000), compared to $924,000 in the same period of 2024 [119]. - The company had no debt outstanding as of September 30, 2025, and December 31, 2024 [126]. - The current ratio improved to 6.4 as of September 30, 2025, compared to 2.8 at the end of 2024 [129]. Capital Management - The company repurchased 725,775 shares for a total cost of $8,897,903 during the nine months ended September 30, 2025, at an average price of $12.23 per share [128]. - Capital expenditures are expected to be as much as $1.6 million for the remainder of fiscal 2025 [130]. - The company’s liquidity management strategy includes a disciplined approach to capital allocation, focusing on investments that support business growth [117]. Tax and Economic Factors - The effective tax rate for continuing operations was 0.7% for Q3 2025, significantly lower than the U.S. statutory rate of 21.0% [113]. - The company continues to monitor macroeconomic trends, including material inflation and tariffs, which may impact future net sales and profitability [99]. Performance Metrics - EBITDA and Adjusted EBITDA are used as key measures for evaluating operating performance, although they are non-GAAP measures [114][115]. - Consolidated Adjusted EBITDA for the three months ended September 30, 2025, was $1,376,000, representing 7.0% of sales, compared to a loss of $709,000 and (3.4)% of sales in the same period of 2024 [116]. - Specialty Chemicals Adjusted EBITDA for the three months ended September 30, 2025, was $3,158,000, or 16.0% of segment sales, compared to $1,524,000 and 7.3% in the same period of 2024 [116].

Exhibit 99.1 Ascent Industries Co. Delivers Strongest Earnings Since 2022; Gross Profit Nearly Doubles Year-Over-Year Schaumburg, Illinois, November 4, 2025 – Ascent Industries Co. (Nasdaq: ACNT) ("Ascent" or the "Company"), a specialty chemicals platform focused on the development, production, and distribution of tailored, performance-driven chemical solutions, is reporting its results for the third quarter ended September 30, 2025. Third Quarter 2025 Summary 1 Net sales from continuing operations were $19 ...

Core Points - Ascent Industries Co. will hold a conference call on November 4, 2025, at 5:00 p.m. Eastern time to discuss its financial results for Q3 2025 [1] - The financial results will be reported in a press release prior to the conference call [1]

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Summary of Ascent Industries Co. Conference Call Company Overview - **Company Name**: Ascent Industries Co. (NasdaqGM:ACNT) - **Industry**: Specialty Chemicals - **Current Focus**: Transitioned to a pure-play specialty chemical company after divesting stainless steel assets Key Points and Arguments 1. **Leadership Transition**: Bryan Kitchen joined Ascent in Q4 2023 to grow the specialty chemical segment and took over as CEO in February 2024, leading a transformational journey [4][5][6] 2. **Financial Performance**: Achieved a $20 million turnaround in adjusted EBITDA in 2024, with significant improvements in gross margin and cash generation from operations [6][7] 3. **Divestitures**: Sold stainless steel holdings in April and July 2024, fully transitioning to a specialty chemical focus [7][8] 4. **Business Model**: Operates on a "chemicals as a service" model, providing comprehensive support to customers, including technical and supply chain services [8][9][10] 5. **Market Focus**: Concentrates on four primary markets: oil and gas, coatings, water treatment, and HI&I, while also exploring other opportunities [12][13] 6. **Sales Growth**: Increased product sales significantly, with a focus on improving the quality of custom manufacturing [13][14] 7. **Utilization Rates**: Currently operating at approximately 50% utilization across manufacturing assets, indicating potential for growth without significant capital investment [14][15] 8. **Cost Management**: Achieved a 24% reduction in costs in the first half of 2025 compared to the previous year, contributing to improved EBITDA [15][16] 9. **Cash Position**: As of the end of Q2 2025, the company had $60 million in cash and $30 million in debt capacity, positioning it well for future investments [24][25] 10. **M&A Strategy**: Plans to pursue small, strategic acquisitions to enhance growth, while maintaining a disciplined approach to ensure value creation [22][24] 11. **Share Repurchase**: Retired approximately 6% of outstanding shares in Q2 2025, reflecting confidence in the company's future [25] 12. **Market Opportunity**: The U.S. specialty chemical market is valued at $220 billion, with Ascent's addressable market for its products estimated at $9 billion, indicating substantial growth potential [26][27] 13. **Pricing Power**: Successfully increased prices to improve margins, while remaining competitive against larger peers [27][28] 14. **Sales Pipeline**: End of Q1 2025 had a $45 million active selling project pipeline, which grew to $70 million by the end of Q2 2025, with a conversion rate of 18% [18][19][20] 15. **Future Milestones**: Key milestones for the next 12-18 months include the sale of the Munn Hall property, organic growth, and potential inorganic growth opportunities [29][30] Additional Important Content - **Employee Engagement**: The company is enhancing its marketing and sales functions to better engage with both existing and new customers [33][34] - **Long-term Goals**: Aiming for gross margins around 35% and SG&A at 15%, with a focus on both organic and inorganic growth strategies [21][22] - **Operational Efficiency**: Continuous improvements in labor, overhead, and materials costs have been a significant focus, achieving around 20% improvements in these areas [31][32] This summary encapsulates the key insights and strategic direction of Ascent Industries Co. as discussed during the conference call.

Summary of Ascent Industries (ACNT) 2025 Conference Call Company Overview - Ascent Industries is a pure play specialty chemicals company headquartered just outside Chicago after divesting its tubular asset business [1] - The company has a 75-year legacy in the specialty chemicals sector [3] Core Points and Arguments - **Transformation and Leadership**: The company underwent significant transformation in 2024, with a focus on growing its Specialty Chemical segment. The CEO and CFO have prior experience in turning around specialty chemical companies [4][5][6] - **Financial Performance**: In 2024, Ascent achieved a turnaround of $19.9 million in adjusted EBITDA and generated over $17 million in cash. The revenue for 2024 was approximately $81 million, with expectations to maintain similar levels in 2025 [7][11] - **Business Model**: Ascent operates under a "chemicals as a service" model, providing not only products but also custom manufacturing, regulatory services, and technical support to enhance customer relationships [8][9][10] - **Market Focus**: The company is concentrating on four key market segments: paints and coatings, water treatment, oil and gas, and cleaning applications. This focus is driven by customer needs for tailored specialty chemical solutions [12][13] - **Operational Efficiency**: Ascent's manufacturing facilities are currently underutilized at about 50%, with low capital requirements for maintenance. The company aims to improve utilization and drive growth [14][15] - **Cash Management**: The cash conversion cycle improved from 90 days to 60 days year-on-year, indicating better cash management practices [16] - **Growth Catalysts**: The company is looking to eliminate remaining liabilities from its stainless steel segment and is focused on organic growth, with a target revenue of $120 million to $130 million [17][24][25] Additional Important Insights - **M&A Strategy**: Ascent is actively seeking accretive M&A opportunities to enhance its capabilities and geographical presence, with a focus on complementary assets in its core market segments [27][28] - **Customer Relationships**: The company has seen success with small to midsize customers who require technical support, leading to significant new business opportunities [32] - **Sales and Marketing**: Ascent has revamped its sales and marketing functions to better target its core markets and improve customer engagement [19][37] - **Pricing Strategy**: The company has adopted a more strategic approach to pricing, focusing on maintaining value while being competitive in the market [41][43] - **Future Outlook**: Ascent is optimistic about its growth trajectory, emphasizing organic growth and the importance of filling its underutilized asset base with high-quality business [20][30][45]

Summary of Ascent Industries Conference Call Company Overview - **Company Name**: Ascent Industries - **Ticker Symbol**: ACNT (NASDAQ) - **Industry**: Specialty Chemicals - **Historical Context**: The company has undergone significant transformation since early 2024, with leadership experienced in turnaround situations from previous roles at ClearOn, a specialty chemical manufacturer that improved from a loss of $8 million in adjusted EBITDA to $36 million over four years [3][4]. Key Points and Arguments Financial Performance - **Turnaround Achievements**: In the past year, Ascent Industries achieved a turnaround of approximately $19.9 million in adjusted EBITDA and $20 million in gross margin improvements, alongside generating $70 million in cash [6]. - **Divestitures**: The company divested its stainless steel assets, including Bristol Metals for $45 million and ASTI for $17 million, transitioning to a pure play specialty chemical company [7]. - **Current Financials**: The company reported a cash drag of $2.1 million from an idle facility, which is expected to be resolved by year-end [8]. Business Strategy - **Chemicals as a Service**: Ascent focuses on providing customized chemical solutions rather than traditional manufacturing, with a shift from 90% custom manufacturing to 75% product sales [10][11]. - **Market Segments**: The company targets four key segments: hygiene and industrial cleaning, oil and gas, water treatment, and coatings, adhesives, sealants, and elastomers [10][15]. - **Growth Potential**: The U.S. specialty chemical market is valued at $200 billion, with Ascent's addressable market at $300 million, indicating significant growth potential [16][17]. Operational Efficiency - **Utilization Rates**: Current asset utilization is around 50%, presenting opportunities for growth with minimal capital investment [12][18]. - **Cost Management**: The company has focused on reducing costs and improving margins, with a target of achieving a 35% gross margin and 15% adjusted EBITDA by 2030 [26][27]. Future Growth Plans - **Revenue Goals**: Ascent aims to reach $120 million to $130 million in revenue from existing assets by 2030, with a long-term goal of $500 million [61][62]. - **M&A Strategy**: The company is exploring small acquisitions to enhance its capabilities and address organic growth challenges, focusing on orphan products and complementary capabilities [30][31]. Market Position and Brand Recognition - **Rebranding Efforts**: Ascent has undergone a rebranding to improve market perception, moving away from a reputation of custom manufacturing to being recognized for innovative solutions [42][45]. - **Sales Strategy**: The company has revamped its sales organization and marketing efforts, resulting in a 45% improvement in the selling project pipeline [24][60]. Additional Important Insights - **R&D Focus**: Ascent is enhancing its R&D capabilities to develop custom solutions and improve product offerings [55]. - **Share Buyback**: The company has been active in share buybacks, utilizing proceeds from asset sales to strengthen its balance sheet [34]. - **Investor Confidence**: Leadership expresses confidence in the company's undervalued status and future growth potential, emphasizing disciplined capital management [39][40]. This summary encapsulates the key points discussed during the conference call, highlighting Ascent Industries' strategic direction, financial performance, and growth opportunities within the specialty chemicals sector.