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Acme United Corporation reports developments tied to its safety products and cutting technology business for school, home, office, hardware, sporting goods and industrial markets. The company sells first aid and medical products, scissors, shears, knives, rulers, sharpening tools and spill-control products through retail, e-commerce, industrial and wholesale channels across U.S., Canada and Europe segments.
Recurring ACU news includes quarterly financial results, segment sales trends, cost and tariff commentary, common-stock dividends, acquisitions and brand updates. Company updates also cover products and brands such as First Aid Only, PhysiciansCare, Spill Magic, Westcott, Clauss, DMT, Med-Nap, Elite First Aid and My Medic, including My Medic's tactical, trauma and emergency response products sold primarily through direct-to-consumer channels.
Acme United Corporation (NYSE American: ACU) reported a 12% increase in net sales for Q4 2021, totaling $45.8 million, compared to $40.9 million in Q4 2020. For the full year, net sales rose by 11% to $182.1 million. Net income for Q4 grew by 14% to $2.34 million, or $0.60 per diluted share. Annual net income reached $13.7 million, including $3.5 million loan forgiveness, marking a 69% increase. The firm experienced sales growth in U.S., Canada, and Europe, driven by first aid and craft product sales, though gross margins declined due to rising costs.
Acme United Corporation (NYSE American: ACU) will announce its financial results for Q4 2021 on March 1, 2022, at 9:00 a.m. ET. A conference call scheduled for the same day at 12:00 p.m. ET will discuss these results, accessible via phone and live webcast. Acme United is a prominent supplier of safety solutions and cutting technology, catering to diverse markets including school, home, and industry. Its notable brands include First Aid Only, PhysiciansCare, and Westcott.
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. This dividend will be payable on January 28, 2022, to stockholders of record by January 7, 2022. Acme United is a global supplier of safety solutions and cutting technology, serving various markets including education, home, and industrial sectors with well-known brands such as First Aid Only and Westcott.
Acme United Corporation (NYSE American: ACU) has secured a new mortgage agreement with HSBC Bank NA for $11.6 million at a fixed rate of 3.8% over seven years and a 20-year amortization. Approximately $3 million of this amount was allocated to pay off the existing mortgage on its Vancouver property. CEO Walter Johnsen highlighted that this arrangement not only mitigates inflation risks by fixing the interest rate but also enhances the company’s debt capacity by $8.6 million for growth and potential acquisitions.
Acme United Corporation (NYSE American: ACU) will present at the Sidoti & Company Virtual Microcap Conference on December 8, 2021, from 1:45 PM to 2:15 PM ET. The presentation will feature Chairman and CEO Walter Johnsen, who will also engage in one-on-one sessions with institutional investors. The live broadcast of the presentation can be accessed here and will also be available on the company’s Investor Relations website.
Acme United Corporation (NYSE American: ACU) has announced the establishment of a pre-arranged trading plan under Rule 10b5-1, allowing for common stock repurchases over the next twelve months. This trading plan aims to provide flexibility during periods when the company may be restricted from trading due to insider trading laws. The plan will be managed by an independent broker and will adhere to set parameters regarding price, volume, and timing. Actual share repurchases will be reported periodically, though no assurance is provided on the amount or timing of such repurchases.
Acme United Corporation (NYSE American: ACU) reported net sales of $47.9 million for Q3 2021, up 11% from $43.3 million in Q3 2020. Year-to-date sales reached $136.3 million, also a 11% increase. Net income for Q3 2021 was $2.046 million ($0.50/share), a 30% rise from $1.579 million ($0.46/share) in Q3 2020. For nine months, net income was $11.3 million ($2.85/share) including PPP loan forgiveness. The company attributes growth to strong demand for first aid products and a 33% inventory increase to mitigate supply chain risks.
Acme United Corporation (NYSE American: ACU) will announce its Third Quarter 2021 financial results on October 26, 2021, at 9:00 a.m. EDT. A conference call to discuss these results is scheduled for the same day at 2:30 p.m. EDT, accessible via dial-in or a live webcast. Acme United is a leading supplier of innovative safety solutions and cutting technology for various markets, including school, home, and industrial sectors. The company’s brands include First Aid Only®, Westcott®, and Camillus®.
Acme United Corporation (ACU) will present at the 14th Annual LD Micro Main Event on October 12 at 2:30 PM ET. The conference, held both virtually and in-person in Los Angeles, will feature Chairman and CEO Walter Johnsen providing a business overview of the company. Investors can register to watch the virtual presentation online or access it through the Investor Relations section of Acme United's website. Acme United is known for innovative first aid and medical products, serving markets such as school, home, and industry.
The Board of Directors of Acme United Corporation (NYSE American: ACU) has declared a cash dividend of 13 cents per share on outstanding common stock, payable on October 22, 2021 to stockholders of record by the close of business on October 1, 2021.
Acme United is a global supplier of innovative safety solutions and cutting technology, with brands including First Aid Only, Clauss, and Westcott.