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 (NYSE American: ACU) is regularly featured in corporate news for its activities as a worldwide supplier of safety solutions and cutting technology to the school, home, office, hardware, sporting goods and industrial markets. Company press releases cover topics such as quarterly financial results, dividend declarations, facility investments, and brand initiatives.
Investors following ACU news will see detailed quarterly earnings announcements that discuss net sales, gross margin, operating income and net income, along with performance in the United States, Canada and Europe segments. These releases often highlight trends in first aid and medical products, school and office products, and cutting tools, as well as commentary on tariffs, supply chains, and other factors affecting the business.
Acme United’s news flow also includes Board decisions on cash dividends, with disclosures of dividend amounts per share and related record and payment dates. The company has reported multiple dividend increases, reflecting Board actions over time. In addition, news items describe acquisitions and capital investments, such as the purchase of a manufacturing and distribution facility in Mt. Pleasant, Tennessee for the Spill Magic business.
Brand and marketing developments appear in ACU news as well. For example, the company has announced initiatives linked to its Westcott brand, which it describes as the #1 scissor brand in the USA, including the launch of National Scissors Day. Updates related to first aid brands such as First Aid Only, First Aid Central, PhysiciansCare, Pac-Kit, Med-Nap, Safety Made and Elite/Elite First Aid, as well as Spill Magic, Clauss and DMT, may also be covered.
By monitoring the ACU news page, readers can review official press releases that provide context on Acme United’s financial performance, capital allocation decisions, operational developments, and brand activities as disclosed by the company.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
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.
FAQ
What is the current stock price of Acme United (ACU)?
What is the market cap of Acme United (ACU)?
