Acme United Corp Stock Price, News & Analysis

Acme United Corporation (ACU) reported a strong financial performance for Q4 and the full year ending December 31, 2020. Net sales reached $40.9 million for Q4, a 21% increase from $33.9 million in 2019, and $164.0 million for the year, up 15% from $142.5 million. Net income soared 109% in Q4 to $2.04 million, while annual net income rose 47% to $8.1 million. The growth was driven by strong demand for first aid and safety products amid the pandemic, alongside strategic acquisitions. Gross margins remained stable, while inventory increased due to anticipated business growth.

Acme United Corporation (NYSE American: ACU) will announce its Fourth Quarter 2020 financial results on March 3, 2021, at 9:00 a.m. EST. A conference call will follow at 12:00 p.m. EST, allowing stakeholders to discuss the results. The event will be accessible via phone or through a live webcast on the company's investor relations website. Acme United is recognized for providing innovative safety solutions and cutting technology across various markets, with notable brands including First Aid Only and Westcott.

Acme United Corporation has acquired the assets of Med-Nap LLC, a notable manufacturer of antiseptic products, such as alcohol prep pads and wipes. The acquisition is expected to enhance Acme United's product offerings and is projected to be accretive from Q1 2021. Med-Nap generated approximately $4.9 million in revenue and $1.0 million in EBITDA in 2020. The deal strengthens Acme's manufacturing capabilities and expands its product lines for retail, industrial, and medical markets. The purchase price remains undisclosed.

The Board of Directors of Acme United Corporation (NYSE American: ACU) declared a cash dividend of 13 cents per share on its outstanding common stock. This dividend is payable on January 29, 2021 to stockholders of record on the close of business on January 8, 2021. This increase marks the twelfth dividend increase since 2004, indicating the company's strong balance sheet and confidence in ongoing business progress.

The Board of Directors of Acme United Corporation (NYSE American: ACU) has declared a cash dividend of 13 cents per share on its outstanding common stock, payable on January 8, 2021, to stockholders of record by the close of business on January 29, 2021. This marks the company's twelfth dividend increase since 2004. Chairman and CEO Walter C. Johnsen expressed confidence in the company’s progress and strong balance sheet, noting their commitment to returning value to shareholders.

Acme United Corporation (NYSE American: ACU) will present at the 13th Annual LD Micro Main Event investor conference on December 14, 2020, at 11:20 AM ET. CEO Walter Johnsen will address a live virtual audience. The presentation will be accessible through a live broadcast and on Acme United’s Investor Relations website.

The LD Micro conference features a unique format with 10-minute presentations followed by a Q&A session with investors and analysts.

Acme United Corporation (ACU) will present at the Sidoti & Company Virtual Microcap Conference on November 19, 2020, from 10:45 AM to 11:15 AM ET. The company’s Chairman and CEO, Walter Johnsen, will also hold one-on-one meetings with institutional investors throughout the day. The presentation will be broadcast live and can be accessed via the company website.

Acme United Corporation (NYSE American: ACU) reported a strong third-quarter performance for 2020, with net sales of $43.3 million, up 17% from $37 million in Q3 2019. Year-to-date sales reached $123.1 million, a 13% increase. The acquisition of First Aid Central contributed approximately $1.2 million in sales this quarter. Net income rose 49% to $1,579,000, or $0.46 per share. Notably, U.S. sales increased 12%, boosted by first aid products, while European sales surged 35%. However, gross margin dropped to 34.5% due to COVID-19 related costs.

Acme United Corporation (NYSE American: ACU) will announce its Third Quarter 2020 financial results on October 21, 2020, at 9:00 a.m. EDT. Following the results, a conference call for discussion and Q&A will take place at 12:00 p.m. EDT. Interested parties can participate by dialing 800-353-6461 or 334-323-0501 for international calls. The live webcast will also be available on their Investor Relations page. Acme United offers a range of innovative safety and cutting solutions under brands like First Aid Only and Westcott.