Ascent Industries Co. has fully exited its Tubular Products Segment in 2025, divesting Bristol Metals for $45 million and American Stainless Tubing for $16 million. The company is now solely focused on its Specialty Chemicals Segment, delivering performance-driven chemical solutions across diverse end markets. Net sales from continuing operations decreased by 7.2% to $74.9 million in 2025, primarily due to a 17.7% decrease in pounds shipped, partially offset by a 10.9% increase in average selling prices. Gross profit from continuing operations significantly increased by 61.0% to $17.2 million (23.0% of sales) in 2025, up from $10.7 million (13.2% of sales) in 2024, driven by strategic sourcing and operational efficiencies. Operating loss from continuing operations improved to $7.0 million in 2025, compared to a $10.8 million loss in 2024. The company reported a net income of $867 thousand in 2025, a substantial improvement from a net loss of $13.598 million in 2024, largely due to gains from discontinued operations. Cash and cash equivalents increased to $57.6 million at year-end 2025 from $16.1 million in 2024, and the company had no debt outstanding as of December 31, 2025. Ascent authorized new share repurchase programs in February and December 2025, with 1,998,504 shares remaining under authorization as of December 31, 2025. Material weaknesses in internal controls over financial reporting persist in IT general controls, inventory, period-end financial reporting, and complex accounting, though the revenue recognition weakness was remediated.