Ascent Industries Stock Climbs to 52-Week High After Securing New Business

Dow Jones

Dec 02, 2025

By Kelly Cloonan

Shares of Ascent Industries rose after the specialty chemicals company said it secured a new business win expected to add more than $10 million in revenue annually.

The stock rose 7.6% to $15.25 on Monday, after touching a 52-week high of $15.60 earlier in the trading session. Shares are up 27% in the past month and 39% this year.

The deal involves Ascent's chemicals-as-a-service business model, which aims to simplify customers' value chains and scale across its manufacturing network, the company said.

The program has started production and shipments, and is on track for full run-rate in the first quarter of next year, the company said. That represents about 15% growth over Ascent's trailing 12-month revenue.

"As volumes ramp and utilization increases, initiatives like this drive meaningful margin expansion and enhance earnings quality as we head into 2026," Chief Executive Bryan Kitchen said.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

December 01, 2025 11:27 ET (16:27 GMT)

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