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 Corp (NYSE: ACU) is a leading global supplier of first aid solutions and precision cutting tools, serving educational, industrial, and consumer markets since 1867. This dedicated news hub provides investors and stakeholders with verified updates directly impacting the company's market position and operational developments.
Access consolidated coverage of earnings reports, product innovations, strategic partnerships, and regulatory milestones. Our repository includes official press releases, safety certification announcements, and manufacturing expansion updates relevant to ACU's medical supplies and cutting technology segments.
Key updates feature developments across ACU's portfolio brands including Westcott tools and First Aid Only kits. Track progress in industrial safety initiatives, e-commerce channel expansions, and sustainability efforts within the company's global supply chain.
Bookmark this page for streamlined access to ACU's financial disclosures, leadership updates, and market analysis. Check regularly for authoritative reporting on this NYSE-listed provider of essential safety and precision equipment solutions.
Acme United Corporation (ACU) reported a strong first quarter for 2023, with net sales increasing by 6% to $45.8 million compared to $43.3 million in Q1 2022. Net income rose to $990,000 or $0.28 per diluted share, marking a 19% increase in net income and a 27% increase in earnings per share from last year. Despite some inventory reductions by large customers, the company noted significant productivity savings of over $0.5 million and projected annual savings of $5 million for 2023. However, there were declines in European sales by 6% and Canadian sales by 10%. The gross margin improved to 35.5%, attributed to cost-saving measures. Acme United also faced increased interest expenses due to higher rates, impacting financial performance.
Acme United Corporation (NYSE American: ACU) is set to announce its First Quarter 2023 financial results on April 21, 2023, at 9:00 AM Eastern Time. The conference call to discuss these results will occur later that day at 12:00 PM Eastern Time, accessible via phone and a live webcast through the company’s website. Acme United is recognized for its innovative safety solutions and cutting-edge tools, catering to various markets, including home, office, and industrial sectors. The company's notable brands include First Aid Only, Westcott, and PhysiciansCare. Investors and interested parties can find more information on the Investor Relations section of the corporate website.
The Board of Directors of Acme United Corporation (ACU) has declared a cash dividend of 14 cents per share on its outstanding common stock. This dividend is set to be paid on April 21, 2023, to stockholders of record as of the close of business on March 31, 2023. Acme United is a prominent supplier of safety solutions and cutting technology across various markets, including school, home, office, and sports. Its portfolio includes established brands such as First Aid Only, Westcott, and Clauss. This move reflects the company's ongoing commitment to returning value to its shareholders.
Acme United Corporation (NYSE American: ACU) reported a 4% decline in net sales for Q4 2022, totaling $44.1 million, compared to $45.8 million in Q4 2021. However, annual net sales rose 7% to $193.9 million. The company suffered a net loss of $597,000 in Q4 2022, contrasting with a net income of $2.3 million in Q4 2021. The losses were attributed to high transportation and interest costs alongside inventory reductions from major retailers. Acme plans to achieve $5 million in cost savings in 2023 and aims to reduce inventory by another $5 million. Chairman Walter C. Johnsen highlighted growth opportunities in various product segments.
Acme United Corporation (NYSE American: ACU) will announce its Fourth Quarter 2022 financial results on March 2, 2023, at 9:00 AM Eastern Time. The company will host a conference call that same day at 12:00 PM Eastern Time to discuss the results, accessible by calling 1-877-407-0784 for U.S. participants and 1-201-689-8560 for international callers (Conference ID: 13735711). Investors can also listen to the live webcast via the Investor Relations section of Acme's website. Acme United is recognized for its innovative safety solutions and cutting technology across various markets, with brands including First Aid Only, Westcott, and Clauss.
The Board of Directors of Acme United Corporation (NYSE American: ACU) has declared a cash dividend of 14 cents per share on its outstanding common stock. This dividend is set to be paid on January 27, 2023, to stockholders who are on record by the close of business on January 6, 2023.
Acme United is a prominent supplier of innovative safety solutions and cutting technology across various markets, including school, home, and industrial sectors.
Acme United Corporation (NYSE American: ACU) will present at the Singular Research “Best of the Uncovered” Conference on December 8, 2022, at 3:15 PM PT / 6:15 PM ET. The presentation will be offered online through a live webinar. Interested participants can reach Singular Research Customer Service for more details. A slide presentation related to the webcast will be available on Acme United's investor relations page before the event. Acme United is known for its safety solutions and cutting technology for various markets, including school and industrial sectors.
Acme United Corporation (NYSE American: ACU) has rescheduled its third quarter 2022 financial results conference call to 3:00 PM ET on October 21, 2022, after canceling the earlier scheduled call due to technical issues. Investors and analysts can access the call via dial-in or webcast. Acme United is a leading supplier of safety solutions and cutting technology for various markets, with brands like First Aid Only, PhysiciansCare, and Westcott.
Acme United Corporation (NYSE American: ACU) has postponed its third quarter 2022 financial results conference call originally set for October 21, 2022, at 12:00 p.m. ET due to technical issues with the conference call provider. The call is now rescheduled for the same day at 3:00 p.m. ET, with updated dial-in and webcast information to be provided shortly. Acme United is a key supplier in safety solutions and cutting technology, serving various markets with leading brands such as First Aid Only, PhysiciansCare, and Westcott.
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