Ascent Industries Co. (NASDAQ: ACNT) has announced a new stock repurchase program, allowing the company to repurchase up to 2.0 million shares of its common stock over a two-year period ending December 16, 2027. As of the end of the third quarter of 2025, the company had already repurchased approximately 7.2% of its outstanding shares based on its December 31, 2024 share count.
The newly authorized program supersedes the company’s prior stock repurchase authorization approved on February 18, 2025, under which the company had already repurchased nearly 75% of the authorized shares. This indicates an active and disciplined execution of its capital allocation strategy.
Ascent Industries Co.'s President and CEO, Bryan Kitchen, stated that the new authorization reflects the company's belief that its current valuation does not fully reflect the earnings power of the business they are building. The company aims to continue repurchasing shares over the next two years when it believes doing so represents the most attractive use of capital for its shareholders.
The purchases under the program will be funded from available working capital, and the repurchased shares will be returned to the status of authorized, but unissued shares of common stock or held in treasury. It's important to note that there is no guarantee as to the exact number of shares that will be repurchased by the company, and the company may discontinue purchases at any time that management determines additional purchases are not warranted.
As of December 17, 2025, the company had 9.38 million shares outstanding. This information provides investors and stakeholders with insight into the company's capital allocation strategy and its commitment to returning capital to shareholders when appropriate. As a result of these announcements, the company's shares have moved -3.41% on the market, and are now trading at a price of $15.735. For the full picture, make sure to review ASCENT INDUSTRIES CO.'s 8-K report.
