Acme United Corp Stock Price, News & Analysis

Acme United (NYSE American: ACU) reported financial results for Q3 2024. Net sales were $48.2 million, down 4% from Q3 2023, but up 4% excluding the impact of sold product lines. Net income increased 3% to $2.23 million, while diluted EPS decreased 7% to $0.54. For the nine months ended September 30, 2024, net sales slightly decreased by 1%, but net income rose 26% to $8.32 million.

The company saw strong sales in Westcott cutting tools and DMT sharpeners, offsetting soft U.S. first aid product sales. Acme United introduced new industrial first aid kits with automatic replenishment capabilities. European sales increased 10% in Q3, while Canadian sales were mixed. Gross margin slightly decreased to 38.5% in Q3 but improved to 39.4% for the nine-month period. The company's bank debt less cash decreased to $26.7 million from $38.2 million year-over-year.

Acme United (NYSE American: ACU) has announced the release of its Third Quarter 2024 financial results on Friday, October 18, 2024, at 9:00 AM Eastern Time. The company will host a conference call to discuss these results on the same day at 12:00 p.m. Eastern Time.

Interested parties can participate in the call by dialing 1-877-407-0784 (for international callers: 1-201-689-8560) with the conference ID: 13748799. A live webcast of the conference call will be available in the Investor Relations section of Acme United's website at www.acmeunited.com. Additionally, a replay of the call can be accessed under Investor Relations, Audio Archives.

Acme United (NYSE American: ACU), a leading worldwide supplier of innovative safety solutions and cutting technology, has announced a cash dividend of 15 cents per share on its outstanding common stock. The dividend will be payable on October 24, 2024, to stockholders of record at the close of business on October 4, 2024.

Acme United serves various markets including school, home, office, hardware, sporting goods, and industrial sectors. The company's portfolio includes prominent brands such as First Aid Only®, First Aid Central®, PhysiciansCare®, Spill Magic®, Westcott®, Clauss®, DMT®, Med-Nap, Safety Made, and Elite.

Acme United (NYSE American: ACU) reported a 29% increase in net income for Q2 2024, with earnings rising to $4.5 million or $1.09 per diluted share. Net sales grew 4% to $55.4 million, and excluding the impact of divested product lines, sales increased by 8%. The company's gross margin improved significantly to 40.8% from 37.5% in the same period last year.

Key highlights include:

• Acquisition of Elite First Aid, Inc., expanding emergency response product line
• Strong market share gains in first aid and Westcott cutting tools
• U.S. segment sales up 10% (excluding divested lines)
• European sales increased 5% in local currency
• Bank debt reduced to $33.1 million from $47.5 million year-over-year

CEO Walter C. Johnsen expressed satisfaction with the company's performance and strategic focus on primary product lines.

Acme United (NYSE American: ACU) reported a 29% increase in net income for Q2 2024, with earnings reaching $4.5 million or $1.09 per diluted share. Net sales grew by 4% to $55.4 million, and excluding the impact of divested product lines, sales increased by 8%. The company's gross margin improved to 40.8% from 37.5% in the same period last year.

Key highlights include:

• Significant market share gains in first aid products
• Growth in Westcott cutting tools sales
• Acquisition of Elite First Aid, Inc., expanding emergency response product line
• Strong performance in U.S. and European segments
• Reduction in bank debt from $47.5 million to $33.1 million year-over-year

Acme United (NYSE American: ACU) will disclose its Second Quarter 2024 financial results on July 19, 2024, at 9:00 AM Eastern Time. The company has organized a conference call on the same day at 12:00 PM Eastern Time to discuss these results. Investors and analysts may join the call by dialing 1-877-407-0784 or 1-201-689-8560 for international participants, using the conference ID: 13747775. The live webcast will be accessible via the Investor Relations section on Acme United's website, where a replay will also be available under Audio Archives.

The Board of Directors of Acme United (NYSE American: ACU) announced a cash dividend of 15 cents per share on its outstanding common stock.

The dividend will be payable on July 23, 2024, to stockholders recorded by the close of business on July 2, 2024.

Acme United is a leading global supplier of innovative safety solutions and cutting technology, catering to markets including school, home, office, hardware, sporting goods, and industrial sectors.

Its notable brands include First Aid Only®, First Aid Central®, PhysiciansCare®, Spill Magic®, Westcott®, Clauss®, DMT®, Med-Nap, Safety Made, and Elite.

Acme United (ACU) has acquired the assets of Elite First Aid, a supplier of tactical, trauma, and emergency response products with 2023 revenues of $4.2 million. The undisclosed purchase price is expected to be accretive. Located in Wake Forest, NC, Elite First Aid will join Acme United's portfolio, expanding its emergency response product sales to domestic and global markets. The founder and management team of Elite First Aid will join Acme United, alongside its employees.

Acme United (NYSE American: ACU) will present at the Singular Research Spring Select Webinar on May 22, 2024, at 4:30 pm ET/1:30 pm PT.

The presentation will be given by Chairman and CEO Walter C. Johnsen, and a slide deck will be available on the company's website beforehand.

Acme United is a global supplier of safety solutions and cutting technology, serving markets such as schools, offices, and industrial sectors. The company's notable brands include First Aid Only, PhysiciansCare, and Westcott.

Investors can register for the webinar at the provided link.