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Acme United Corporation - $ACU STOCK NEWS

Welcome to our dedicated page for Acme United Corporation news (Ticker: $ACU), a resource for investors and traders seeking the latest updates and insights on Acme United Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Acme United Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Acme United Corporation has sold its Camillus and Cuda hunting and fishing product lines to GSM Holdings, Inc. for $19.8 million. Acme United will recognize an after-tax gain of approximately $10.0 million. The revenues of the divested product lines were approximately $12.0 million in 2022. The net proceeds of the sale will be used to pay down $15.0 million of bank debt.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.76%
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none
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Rhea-AI Summary
Acme United Corporation reports net sales of $50.4 million for Q3 2023, an increase of 1% compared to the same period in 2022. Net income for the quarter was $2.2 million, a significant improvement from $64,000 in Q3 2022. The company also announced the acquisition of Hawktree Solutions, Inc. and expects it to be accretive starting in Q4 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2%
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Rhea-AI Summary
Acme United Corporation reports net sales of $50.4 million for Q3 2023, a 1% increase compared to the same period last year. Net income for the quarter was $2.2 million, an increase of 82% from 2022. The company implemented a productivity plan resulting in $5 million of annual savings and paid down $26 million of bank debt in the past year. Acme United also acquired Hawktree Solutions, Inc., which is expected to be accretive starting in Q4 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2%
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Rhea-AI Summary
Acme United Corporation acquires selected assets of Hawktree Solutions, Inc. for $1.0 million. Hawktree has an exclusive license with the Canadian Red Cross. Annual revenues average $4.0 million. The acquisition is expected to be accretive starting in Q4 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.46%
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Rhea-AI Summary
Acme United Corporation will present at the 16th Annual Main Event on October 3 at 09:30 AM PT.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.93%
Tags
conferences
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Rhea-AI Summary
Acme United Corporation declares cash dividend of 14 cents per share on its outstanding common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.27%
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dividends
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.88%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.04%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.09%
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dividends
Rhea-AI Summary
Acme United Corporation's Chairman and CEO, Walter C. Johnsen, will participate in the Qatar Economic Forum presented by Bloomberg. He will be a panel member in the session discussing the impact of global events on trade strategies and systems. The forum aims to bring together influential financial and economic thinkers to prepare for global growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.02%
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conferences
Acme United Corporation

NYSE:ACU

ACU Rankings

ACU Stock Data

143.47M
3.19M
12.62%
73.43%
0.97%
Metal Kitchen Cookware, Utensil, Cutlery, and Flatware (except Precious) Manufacturing
Manufacturing
Link
United States of America
SHELTON

About ACU

acme united corporation for the past 150 years, acme united corporation, has been a leading worldwide supplier of innovative cutting, measuring, first aid and sharpening products to the school, home, office, hardware, sporting goods and industrial markets with operations in the united states, canada, europe (located in germany) and asia (located in hong kong and china). westcott is a major brand for scissors and rulers in north america, and one of the strongest worldwide. following the success in scissors and rulers, westcott extended its product line with other office tools such as paper trimmers, pencil sharpeners, math kits and more. first aid only was founded in 1988 and pioneered consultative selling and support of first aid items to large corporate customers. it operates out of a modern 54,000 square-foot facility in vancouver, washington where well over 100 people are employed. all of first aid only’s first aid kits continue to be produced in the united states. physicianscare of