Ascent Industries Co. (NASDAQ:ACNT) climbed 8.1% on Monday after revealing that it has won a major new customer program projected to deliver more than $10 million in incremental annualized revenue.
The newly secured business equates to roughly 15% growth compared with the company’s trailing twelve-month sales, and management expects margins on the program to come in above Ascent’s current averages. Production and initial shipments are already underway, with the project anticipated to reach full operational levels in the first quarter of 2026.
The contract underscores the momentum behind Ascent’s Chemicals-as-a-Service (CaaS) strategy — a flexible, high-mix, customer-focused operating model designed to streamline clients’ supply chains and scale quickly across its integrated manufacturing footprint.
“This win showcases the power of our CaaS model, a platform that is high-mix and built to scale efficiently,” said Bryan Kitchen, President and Chief Executive Officer. “Customers choose Ascent because we move fast, reduce complexity, and deliver reliable performance at every turn.”
Kitchen also highlighted the program’s contribution to operating leverage, noting that rising volumes and increased utilization should help expand margins and improve earnings quality heading into 2026.