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.
FAQ
What is the current stock price of Acme United (ACU)?
What is the market cap of Acme United (ACU)?
