Acme United Corp Stock Price, News & Analysis

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.

Acme United Corporation (NYSE American: ACU) reported Q3 2022 net sales of $49.7 million, up 4% from Q3 2021, while nine-month sales reached $149.8 million, a 10% increase. However, net income fell sharply to $64,000, or $0.02 per diluted share, from $2.0 million, or $0.50 per diluted share in the same quarter last year. The decline in earnings is attributed to rising costs of goods and interest expenses. The company anticipates $5.0 million in cost savings in 2023, with expected improvements in supply chain conditions contributing to future growth opportunities.

Acme United Corporation (NYSE American: ACU) will announce its financial results for Q3 2022 on October 21, 2022, at 9:00 a.m. ET. Following the release, a conference call will take place at 12:00 p.m. ET, accessible by calling 800-458-4121 or 646-828-8193 for international participants, with confirmation code 6823102. Acme United is a leading supplier of safety solutions and cutting technology, serving various markets. The results and conference call details can be accessed via their Investor Relations section.

The Board of Directors of Acme United Corporation (NYSE American: ACU) declared a cash dividend of 14 cents per share on its outstanding common stock. This dividend is payable on October 24, 2022, to stockholders of record as of October 3, 2022. Acme United is a leading global supplier of innovative safety solutions and cutting technology, serving various markets including schools and industry.