ASCENT INDUSTRIES CO

For the period ended Dec 31, 2023. Filed Apr 1, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Apr 1, 2024

ACNT$13.02-2.8%Stored close · as of Nov 13, 2026

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Contents

Item 8. Financial Statements and Supplementary Data

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Index to Financial Statements	Page
Report of Independent Registered Public Accounting Firm (Moss Adams, LLP; Irvine, CA; PCAOB ID: 659)	27
Report of Independent Registered Public Accounting Firm (BDO USA, P.C.; Chicago, IL; PCAOB ID: 243)	30
Consolidated Balance Sheets as of December 31, 2023 and 2022	31
Consolidated Statements of Income (Loss) for the years ended December 31, 2023 and 2022	32
Consolidated Statements of Cash Flows for the years ended December 31, 2023 and 2022	33
Consolidated Statements of Shareholders' Equity for the years ended December 31, 2023 and 2022	35
Notes to Consolidated Financial Statements	36
Note 1: Summary of Significant Accounting Policies	36
Note 2: Discontinued Operations	42
Note 3: Revenue Recognition	44
Note 4: Fair Value of Financial Instruments	45
Note 5: Property, Plant and Equipment	47
Note 6: Debt	47
Note 7: Leases	48
Note 8: Accrued Expenses	50
Note 9: Shareholders' Equity	50
Note 10: Accounting for Share-Based Payments	51
Note 11: Income Taxes	54
Note 12: Earnings Per Share	54
Note 13: Industry Segments	57
Note 14: Benefit Plans and Collective Bargaining Agreements	59
Note 15: Commitments and Contingencies	60
Note 16: Supplemental Financial Information	61
Note 17: Subsequent Events	62

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.