Operator
Good day, and welcome to the iAccess Alpha Virtual Best Ideas Winter Investment Conference 2025. The next presenting company is Ascent Industries.
[Operator Instructions]
I’d now like to turn the floor over to today’s host, Bryan Kitchen, CEO of Ascent Industries. Bryan, the floor is yours.
J. Kitchen
President & CEO
Okay. Great. Thank you very much, and thanks everyone for joining. Good morning, good afternoon. Let’s go ahead and jump right in. As she mentioned, Bryan Kitchen, President and CEO of the Ascent Industries Company. The slide that you should see in front of you is Slide #3. So before we just jump in, Ryan Kavalauskas, our CFO, and I have been together for a number of years, about 10, to be precise. So — and we work together at an array of different companies. Prior to joining Ascent, we worked at another turnaround, a smaller specialty chemical company, called Clearon located in Charleston, West Virginia. This context is important because at the time we joined that company, we were losing about $8 million a year of adjusted EBITDA and at the time of sale, roughly 4, 4.5 years later, we were delivering roughly $36 million of adjusted EBITDA on a trailing 12 basis.
So obviously, through that process, we learned a lot. We always said if we had the opportunity to do it all over again, we would learn from our prior lessons and here we are today. So Ryan and I are together, we put the band back together. We’ve got a lot of great people that we’ve worked with in the past, which have been absolutely core to the results that we’ve been able
