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 a 22% increase in net sales for Q1 2021, reaching $43.5 million compared to $35.8 million in Q1 2020. Net income surged 60% to $2,046,000, translating to $0.52 per diluted share. Strong performance was noted in Westcott cutting tools and DMT sharpeners, with European sales up 42%. The gross margin decreased to 35.8% due to higher freight costs. Bank debt rose to $43.4 million, with a notable increase in inventory due to anticipated growth and supply chain concerns related to COVID-19.
Acme United Corporation (NYSE American: ACU) will release its financial results for the First Quarter of 2021 on April 19 at 9:00 a.m. EDT. A conference call will follow at 12:00 p.m. EDT, allowing investors to discuss the results. The call can be accessed via phone or through a live webcast on the company’s investor relations page. Acme United is recognized for its innovative safety and cutting solutions across various sectors, with brands like First Aid Only and Westcott.
The Board of Directors of Acme United Corporation (ACU) has declared a cash dividend of 13 cents per share for its outstanding common stock. This dividend will be payable on April 22, 2021, to stockholders of record at the close of business on April 1, 2021. Acme United is recognized for its safety solutions and cutting technology, serving various markets. The announcement comes amidst ongoing uncertainties related to the COVID-19 pandemic, which has affected global operations and financial results.
Acme United (NYSE American: ACU) will present at the Sidoti Spring 2021 Virtual Conference on March 25, 2021, at 12:15 PM ET. Chairman and CEO Walter Johnsen will hold one-on-one meetings with institutional investors on March 24 and 25. A webcast of the presentation and materials will be available on the company’s Investor Relations website. Acme United is a global supplier of innovative safety solutions and cutting technology, serving various markets.
Acme United Corporation (ACU) reported a strong financial performance for Q4 and the full year ending December 31, 2020. Net sales reached $40.9 million for Q4, a 21% increase from $33.9 million in 2019, and $164.0 million for the year, up 15% from $142.5 million. Net income soared 109% in Q4 to $2.04 million, while annual net income rose 47% to $8.1 million. The growth was driven by strong demand for first aid and safety products amid the pandemic, alongside strategic acquisitions. Gross margins remained stable, while inventory increased due to anticipated business growth.
Acme United Corporation (NYSE American: ACU) will announce its Fourth Quarter 2020 financial results on March 3, 2021, at 9:00 a.m. EST. A conference call will follow at 12:00 p.m. EST, allowing stakeholders to discuss the results. The event will be accessible via phone or through a live webcast on the company's investor relations website. Acme United is recognized for providing innovative safety solutions and cutting technology across various markets, with notable brands including First Aid Only and Westcott.
Acme United Corporation has acquired the assets of Med-Nap LLC, a notable manufacturer of antiseptic products, such as alcohol prep pads and wipes. The acquisition is expected to enhance Acme United's product offerings and is projected to be accretive from Q1 2021. Med-Nap generated approximately $4.9 million in revenue and $1.0 million in EBITDA in 2020. The deal strengthens Acme's manufacturing capabilities and expands its product lines for retail, industrial, and medical markets. The purchase price remains undisclosed.
The Board of Directors of Acme United Corporation (NYSE American: ACU) declared a cash dividend of 13 cents per share on its outstanding common stock. This dividend is payable on January 29, 2021 to stockholders of record on the close of business on January 8, 2021. This increase marks the twelfth dividend increase since 2004, indicating the company's strong balance sheet and confidence in ongoing business progress.
The Board of Directors of Acme United Corporation (NYSE American: ACU) has declared a cash dividend of 13 cents per share on its outstanding common stock, payable on January 8, 2021, to stockholders of record by the close of business on January 29, 2021. This marks the company's twelfth dividend increase since 2004. Chairman and CEO Walter C. Johnsen expressed confidence in the company’s progress and strong balance sheet, noting their commitment to returning value to shareholders.
Acme United Corporation (NYSE American: ACU) will present at the 13th Annual LD Micro Main Event investor conference on December 14, 2020, at 11:20 AM ET. CEO Walter Johnsen will address a live virtual audience. The presentation will be accessible through a live broadcast and on Acme United’s Investor Relations website.
The LD Micro conference features a unique format with 10-minute presentations followed by a Q&A session with investors and analysts.
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