Ascent Industries Targets $120M Revenue After Specialty Chemicals Transformation

Ascent Industries (ACNT) reported Q2 2026 net sales of $25.7 million, up 37.6% year over year, and adjusted EBITDA of $1.5 million versus a prior-year loss. Volume rose 15.2% and average selling prices rose about 23%. Liquidity was $46 million. The Midwest Graphic Sales acquisition added $1.9 million in sales and $300,000 adjusted EBITDA.

ASCENT INDUSTRIES CO. (ACNT) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Ascent Industries Reports Second Quarter 2026 Results; Year-Over-Year Net Sales Increase 37.6% and Adjusted EBITDA Improves by $1.8 Million Sequentially, legacy net sales increased approximately 22% and gross margin expanded approximately 710 basis points; Midwest Gr

Ascent Industries (NASDAQ:ACNT) said it is intentionally shifting revenue from custom manufacturing toward product sales, which it expects to be more predictable and margin accretive. Product sales rose from ~10% of sales in 2023 to ~27% in 2024 and ~30% last year. Management cited $7M and $10M net-new business from recent customer wins, underutilized assets (~45% utilization), and a $14M Midwest Graphic Sales acquisition (closed early May) with $10.8M revenue and ~$2M adjusted EBITDA.

Sky Harbour Group (NYSE:SKYH) expects to achieve EBITDA positivity by year-end, driven by its expanding network of private hangar campuses. The company operates eight campuses and has 23 ground leases, with four under construction. It aims to maintain development costs around $300 per square foot. Sky Harbour's debt includes a 2021 issuance at 4.18% and a 4.73% construction facility with JPMorgan. Lease rates at Miami Opa-locka averaged $41 per square foot in phase one and $51 in phase two.

Levi Strauss & Co (LEVI) reported Q3 2026 earnings, with direct-to-consumer (DTC) growth falling short of expectations due to softer traffic in the US and Europe. CEO Michelle Gass attributed US DTC underperformance to a back-to-school campaign that under-delivered, while Europe faced weather-related challenges. Distribution costs were higher than expected, delaying cost savings until 2027.

Citizens reiterated a Market Outperform rating and $60 price target for Applied Digital (APLD), citing progress in AI infrastructure. APLD reported Q1 2027 results, exceeding expectations with $341.9M revenue and a smaller loss than anticipated. The company expects 600MW capacity addition in the next year and has expansion opportunities with existing customers. Analysts note APLD is undervalued but trading at high revenue multiples.