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 (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.
Acme United Corporation (NYSE American: ACU) is set to present at the Singular Research Autumn Equinox 2022 Webinar on September 15, 2022, at 11:30 A.M. Eastern Time. The presentation will be accessible on the investor relations section of the company's website prior to the event. Acme United is a notable supplier of innovative safety solutions and cutting technology, servicing schools, homes, offices, and various industries, featuring brands like First Aid Only®, PhysiciansCare®, and Westcott®.
Acme United Corporation (NYSE American: ACU) will present at the Singular Research Autumn Equinox 2022 Webinar on September 14, 2022, at 11:30 A.M. Eastern Time. This presentation can be accessed through the investor relations section of their website. Acme United is a global provider of safety solutions and cutting technologies, serving various markets including education and industry. Its renowned brands comprise First Aid Only®, Westcott®, and more. For detailed information, visit www.acmeunited.com.
Acme United Corporation (ACU) reported net sales of $56.8 million for Q2 2022, a 27% increase from $44.8 million in Q2 2021. However, net income plummeted by 62% to $2.7 million, attributed to the prior year’s PPP loan forgiveness and a tax credit. Year-to-date sales also rose by 13% to $100.1 million, while net income for the first half decreased by 62% to $3.6 million. The company acquired Live Safely Products for $11 million, enhancing its product offerings. Despite challenges, Acme United aims for $200 million in revenue for 2022 and increased its credit facility by $15 million.
Acme United Corporation (NYSE American: ACU) will release its financial results for the Second Quarter of 2022 on July 22, 2022, at 9:00 a.m. ET.
A conference call to discuss these results is scheduled for 12:00 p.m. ET on the same day, with dial-in numbers provided for participants. The call will be accessible via the company's Investor Relations web page, highlighting Acme United's position as a leading supplier of safety solutions and cutting technology.
The Board of Directors of Acme United Corporation (NYSE American: ACU) has declared a cash dividend of 14 cents per share, payable on July 22, 2022, to stockholders of record by July 1, 2022. This marks the company's thirteenth dividend increase since 2004. Chairman and CEO Walter C. Johnsen stated the company is making good progress and remains confident in its strong balance sheet. Acme United Corporation is recognized for its innovative safety solutions and cutting technologies across multiple market sectors.
Acme United Corporation (NYSE American: ACU) has acquired the assets of Live Safely Products, LLC (d/b/a “Safety Made”), a manufacturer of first aid kits, enhancing its product offerings in the promotional products industry. Safety Made reported revenues of approximately $4.9 million and EBITDA of $1.2 million in 2021. The transaction aims to be immediately accretive, leveraging cross-selling opportunities across Acme United's customer base. Chairman and CEO Walter C. Johnsen expressed enthusiasm about expanding their product range and welcoming Safety Made's team.
Acme United Corporation (NYSE MKT: ACU) announced the renewal and increase of its loan facility with HSBC Bank, N.A. The updated agreement raises borrowings to $65 million, a $15 million increase, with an interest rate of SOFR plus 1.75%, expiring on May 31, 2026. The facility aims to enhance liquidity for growth initiatives, including share repurchases and acquisitions. As of March 31, 2022, the company had $40.2 million outstanding under the existing agreement. CEO Walter C. Johnsen expressed confidence in leveraging this facility for growth opportunities.
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