Ascent Industries Q3 net sales rise 37.8% to $27.1 million; net income $1.4 million
Ascent Industries reported third quarter 2026 net sales of $27.1 million, up 37.8% from $19.7 million a year earlier, and net income of $1.4 million, or $0.15 per diluted share, compared with a net loss of $0.1 million in the prior-year quarter. The results include the Midwest Graphic Sales and Sigma Coatings acquisition, which closed May 4, 2026 and contributed $2.3 million in net sales and a $0.7 million net loss in the quarter; excluding Midwest, net sales rose 26.3%.
Key points
- Net sales were $27.1 million versus $19.7 million, up 37.8%; excluding Midwest, net sales grew 26.3%.
- Gross profit margin was 26.2% versus 29.7% a year earlier, down 342 basis points.
- Net income was $1.4 million, or $0.15 per diluted share, versus a net loss of $0.1 million, or $(0.01) per share.
- As of September 30, 2026, cash and equivalents were $28.7 million with no revolving credit debt outstanding; no shares were repurchased in the quarter.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2026.
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