Welcome to our dedicated page for Acme United news (Ticker: ACU), a resource for investors and traders seeking the latest updates and insights on Acme United stock.
Acme United Corporation reports developments tied to its safety products and cutting technology business for school, home, office, hardware, sporting goods and industrial markets. The company sells first aid and medical products, scissors, shears, knives, rulers, sharpening tools and spill-control products through retail, e-commerce, industrial and wholesale channels across U.S., Canada and Europe segments.
Recurring ACU news includes quarterly financial results, segment sales trends, cost and tariff commentary, common-stock dividends, acquisitions and brand updates. Company updates also cover products and brands such as First Aid Only, PhysiciansCare, Spill Magic, Westcott, Clauss, DMT, Med-Nap, Elite First Aid and My Medic, including My Medic's tactical, trauma and emergency response products sold primarily through direct-to-consumer channels.
Acme United Corporation (ACU) reported Q2 2021 net sales of $44.8 million, up 2% YoY, with six-month sales at $88.4 million, an 11% increase. Net income, excluding PPP loan forgiveness, rose 16% to $3.7 million or $0.94 per diluted share. Including the forgiveness, net income reached $7.2 million. U.S. sales saw a 4% decline in Q2 due to a new warehouse system, while European sales surged 26%. Canadian sales increased 68%. Gross margins slightly decreased to 36%. The company experienced operational interruptions but expects improved shipping efficiency moving forward.
Acme United Corporation (NYSE American: ACU) is set to announce its financial results for the Second Quarter of 2021 on July 22, 2021, at 9:00 a.m. EDT. A conference call for discussing these results will be held on the same day at 12:00 p.m. EDT. Interested parties can participate by dialing 800-353-6461 or 334-323-0501 for international callers. The call can also be accessed via a live webcast on Acme United's Investor Relations webpage. Acme United is known for providing innovative safety solutions and cutting tools across various markets.
Acme United Corporation (NYSE American: ACU) announced that its Paycheck Protection Program (PPP) loan of $3,508,047 has been fully forgiven by the Small Business Administration. The forgiveness payment was remitted on June 9, 2021, allowing Acme United to navigate challenges from the COVID-19 pandemic without laying off employees. CEO Walter Johnsen expressed gratitude to HSBC and the SBA for their support, highlighting the PPP loan's crucial role in maintaining operations during uncertain times.
On June 16, 2021, Acme United Corporation (NYSE American: ACU) announced a cash dividend of 13 cents per share on its outstanding common stock. This dividend will be payable on July 23, 2021, to stockholders of record by the close of business on July 2, 2021. Acme United is recognized for its innovative safety solutions and cutting technology across various markets, with notable brands like First Aid Only and Westcott. The announcement reflects the company's commitment to providing shareholder value amid challenges posed by the ongoing pandemic.
Acme United Corporation (NYSE American: ACU) will present virtually at the LD Micro Invitational XI on June 8 at 12:00 PM EDT.
Walter Johnsen, Chairman and CEO, will lead the presentation. To view the presentation, interested parties can register here.
Acme United is a leading supplier of safety solutions, serving various markets with renowned brands like First Aid Only® and Westcott®.
Acme United Corporation (NYSE American: ACU) will present at the Sidoti Microcap Virtual Conference on May 19, 2021, at 11:30 AM EDT. The company’s Chairman and CEO Walter Johnsen will also engage in one-on-one meetings with institutional investors. Interested parties can access a webcast of the presentation along with supporting materials in the Investor Relations section of Acme United’s website. For further details, contact Sidoti & Company.
Acme United is a leading provider of safety solutions and cutting technology in various markets.
Acme United Corporation (NYSE American: ACU) reported a 22% increase in net sales for Q1 2021, reaching $43.5 million compared to $35.8 million in Q1 2020. Net income surged 60% to $2,046,000, translating to $0.52 per diluted share. Strong performance was noted in Westcott cutting tools and DMT sharpeners, with European sales up 42%. The gross margin decreased to 35.8% due to higher freight costs. Bank debt rose to $43.4 million, with a notable increase in inventory due to anticipated growth and supply chain concerns related to COVID-19.
Acme United Corporation (NYSE American: ACU) will release its financial results for the First Quarter of 2021 on April 19 at 9:00 a.m. EDT. A conference call will follow at 12:00 p.m. EDT, allowing investors to discuss the results. The call can be accessed via phone or through a live webcast on the company’s investor relations page. Acme United is recognized for its innovative safety and cutting solutions across various sectors, with brands like First Aid Only and Westcott.
The Board of Directors of Acme United Corporation (ACU) has declared a cash dividend of 13 cents per share for its outstanding common stock. This dividend will be payable on April 22, 2021, to stockholders of record at the close of business on April 1, 2021. Acme United is recognized for its safety solutions and cutting technology, serving various markets. The announcement comes amidst ongoing uncertainties related to the COVID-19 pandemic, which has affected global operations and financial results.
Acme United (NYSE American: ACU) will present at the Sidoti Spring 2021 Virtual Conference on March 25, 2021, at 12:15 PM ET. Chairman and CEO Walter Johnsen will hold one-on-one meetings with institutional investors on March 24 and 25. A webcast of the presentation and materials will be available on the company’s Investor Relations website. Acme United is a global supplier of innovative safety solutions and cutting technology, serving various markets.