He said June was the company’s strongest chemical-sales month since March 2023, while the second quarter was its strongest sales quarter since the third quarter of 2022. Midwest Acquisition Adds Sales and MarginManagement said Midwest Graphic Sales was immediately accretive to earnings and entered Ascent’s portfolio with a gross margin of approximately 26%. The company’s cash conversion cycle increased to 75 days, up 12 days from the prior year. First-half repurchases totaled about 506,000 shares for $6.9 million, leaving approximately 1.5 million shares available under its authorization at quarter-end. About Ascent Industries (NASDAQ:ACNT)Ascent Industries Co an industrials company, produces and distributes stainless steel pipe and tube and specialty chemicals in the United States and internationally.