ACNT Nasdaq Earnings call
Ascent Industries Co. (ACNT) · Q2 2026 results and valuation
Share price: $13.49 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 4 Aug 2026 and 6 May 2026
Net income turned to a profit from a loss last quarter. Management sounded cautious, though noticeably more positive answering analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
Turned profit
Net income vs Q1 2026
Outlook given
Net income 670.0K vs -2.0M
Revenue +32.2%
Why Net income increased because of higher gross profit and materially lower corporate cost.
2 · How management spoke
Cautious
Among the least upbeat of all company calls
Answers to analysts: very upbeat, and more positive than the script.
Last call it was different: script and answers matched.
3 · What stood out
Key theme
The company noted that information currently available is subject to change, which indicates potential revisions to reported data.
Valuation
Is Ascent Industries Co. undervalued?
Reverse DCF. Average free cash flow of the last three fiscal years (the last year was negative) (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At −20.0% growth a year (3-year revenue growth), the model's fair value is $6.78 a share — the stock trades 99% above it. Today's price assumes −3.6% growth a year.
Current price
$13.49
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
-3.6% for 10 yrs
Fair value / share
$6.78
Buy below
$5.08
Price vs fair value
Overvalued 99%
Price vs buy-below price
Overvalued 165%
Read between the lines
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Guidance
ACNT expects earnings benefits to continue building as platform improvements are fully institutionalized by the end of 2026.
Source quote
“We expect these improvements to be fully institutionalized across the platform by the end of 2026, with the earnings benefits continuing to build as these actions are implemented...”
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Guidance
ACNT updated its guidance because revenue growth is not carrying through to gross profit at the expected level.
Source quote
“The result is that the revenue growth we have generated is not yet carrying through the gross profit at the level we expect.”
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Figure
Net sales increased 37% over the prior year because of the acquisition and momentum within the legacy business.
Source quote
“Including the acquisition, net sales increased 37% versus the prior year, building on the strong momentum already established within the legacy...”
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Fading
The company emphasized that winning and holding the right business comes first over optimization to address the current environment.
Source quote
“In this environment, winning and holding the right business comes first. That is the most important first step. Optimization follows.”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Management was more positive answering analysts than in its script — usually a sign it was comfortable with the details it was asked about.
Sentences that drove the tone
“As utilization continues to improve across our assets, these types of incremental improvements become increasingly valuable because they allow us to support profitable growth with limited future capital investments.”
“Including the acquisition, net sales increased 37% versus the prior year, building on the strong momentum already established within the legacy business.”
“It simply means making the growth we have already won, more efficient, more profitable and less cash intensive while deploying capital in order we have outlined.”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 25.7M | 19.4M | +32.2% | 18.7M | +37.6% |
| Gross profit | 5.5M | 2.8M | +97.4% | 4.9M | +14.0% |
| Operating income | -262.0K | -2.4M | Loss narrowed | -2.7M | Loss narrowed |
| Net income | 670.0K | -2.0M | Turned profit | 6.3M | −89.3% |
| EPS | 0.07 | -0.21 | Turned profit | 0.65 | −89.2% |
| P/E | 12-mo loss | 121.0 | — | 12-mo loss | — |
Topics
Most discussed now
- On that same basis, June was Ascent's strongest chemical sales month since March of 2023, and Q2 was its strongest...
- Excluding the sales from the Midwest Graphic Sales acquisition during the quarter, the legacy business delivered approximately 28% growth…
- Pounds shipped increased 15.2% and average selling price increased approximately 23% while Midwest contributed $1.9 million of sales…
- The year-over-year reduction included lower incentive compensation and professional fees partially offset by investments in salaries, wages…
Faded since Q1 2026
- Dropped These are committed programs backed by purchase orders received, shipped and invoiced in Q1.
- Dropped What Ascent doesn't want to do is get into a habit of providing unrealistic or incorrectly phased assumptions to its...
- Fading In the first quarter, Ascent saw a meaningful number of projects won in 2025, convert into real measurable revenue and...
- Fading During the quarter, Ascent converted 31 projects across 27 customers with conversion rate improving to 22% and an average sales...
Latest announcements
Official filings, newest first.
- Regulation FD disclosure · SEC 8-K
- Results of operations · SEC 8-K
- Material agreement · SEC 8-K
- Other events · SEC 8-K
- Shareholder vote results · SEC 8-K
- Regulation FD disclosure · SEC 8-K
- Material agreement; Acquisition or disposal; Results of operations; Regulation FD disclosure · SEC 8-K
- Director or officer change; Other events · SEC 8-K