Ascent Industries authorizes 2 million share buyback program through 2027

Ascent Industries Co. (NASDAQ: ACNT) announced its board of directors authorized a new stock repurchase program allowing the company to buy back up to 2 million shares of common stock over a two-year period ending December 16, 2027.

The Schaumburg, Illinois-based specialty chemicals company said the new program replaces its prior stock repurchase authorization approved February 18, 2025, under which the company has already repurchased nearly 75% of the authorized shares.

Through the end of the third quarter of 2025, Ascent has repurchased approximately 7.2% of its outstanding shares based on its December 31, 2024 share count. As of December 17, 2025, the company had 9.38 million shares outstanding.

Under the authorization, shares may be repurchased at management's discretion through open-market purchases, privately negotiated transactions, or pursuant to Rule 10b5-1 trading plans, subject to market conditions and securities law compliance.

"Today's authorization reflects our conviction that Ascent's current valuation does not fully reflect the earnings power of the business we are building," said Bryan Kitchen, president and chief executive officer.

The purchases will be funded from available working capital, and repurchased shares will be returned to authorized but unissued status or held in treasury. The company stated there is no guarantee regarding the exact number of shares to be repurchased and may discontinue purchases when management determines additional purchases are not warranted.

You May Also Be Interested In

• CVG to join Russell 2000 and Russell 3000 indexes June 26
• AMC Entertainment prices $200M stock offering to redeem senior notes
• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat