Ascent Industries Targets $120M Revenue After Specialty Chemicals Transformation
Ascent Industries (ACNT) reported record revenue and EBITDA, targeting $120M-$130M annual revenue with 30%-35% gross margins. Q2 revenue was $30M, with 20% organic growth. The company acquired Midwest Graphics Sales for $14M, adding $11M revenue and $2M EBITDA. Ascent operates at 45% capacity, with $33M-$34M cash and no debt.


