Company Snapshot: Acme United Corp (ACU)

Overall, Acme United’s (US: ACU – $40.51) second quarter showed robust growth and progress, underpinned by effective cost management and market expansion efforts. Net income reached $4.5 million, or $1.09 per share, a new all-time second quarter record! In the comparable period last year, the worldwide supplier of innovative safety solutions and cutting technology, had earnings of $3.4 million, or […]

Acme United Corporation (US: ACU – $43.59) had an outstanding second quarter in 2024, with net income reaching $4.5 million, or $1.09 per share. A new all-time second quarter record! In the comparable period last year, the worldwide supplier of innovative safety solutions and cutting technology, had earnings of $3.4 million, or $0.96 per diluted share. Net sales for the […]

In a strategic move to further strengthen its position in the safety and first aid market, Acme United Corporation (US: ACU – $35.49) acquired Elite First Aid Inc. The North Carolina-based company is a provider of tactical, trauma, and emergency response products. With revenues of approximately $4.2 million in 2023, Elite First Aid has established itself as a trusted name […]

Acme United Corporation (US: ACU – $40.72) reached net sales of $45.0 million for the quarter ended March 31, 2024, compared with $45.8 million in the same quarter last year. This represents a 2% decrease, reflecting the sale of the Camillus and Cuda hunting and fishing product lines in November 2023 for $19.6 million. Despite sales being more or less […]

Acme United (US: ACU – $41.10), reached net sales of $45.0 million for the quarter ended March 31, 2024, compared with $45.8 million in the same quarter last year. This represents a 2% decrease, reflecting the sale of the Camillus and Cuda hunting and fishing product lines in November 2023 for $19.6 million. Camillus and Cuda combined, achieved annual sales […]

All in all, 2023 was an excellent year for Acme United Corp. (US: ACU – $43.29). The Company decreased its net debt from $55 million at year end 2022 to $19 million one year later. Its gross margins increased as Acme successfully implemented new productivity plans. The reduction in SG&A expenses resulted in annual savings of approximately $6.5 million. And […]

Acme United Corp. (US: ACU – $39.72) reached sales of $191.5 million in 2023 compared to $194.0 million for the prior year, a decrease of 1%. This small decrease was especially due to the fact that Acme sold its Camillus and Cuda hunting and fishing product lines to GSM Holdings on November 1, 2023. Total revenues from the divested product […]

“Celebrating Business Together” was the motto of this year’s mega trade fair for the global consumer goods industry, consisting of Ambiente, Christmasworld and Creativeworld. With an increase of ten percent, 4,928 exhibitors presented their new products on over 360,000 gross square metres (~3.9 million square feet) in Frankfurt, Germany. One of the participants at the fair was Acme United’s (US: […]

Acme United Corporation (US:ACU – $37.49) made significant progress during the third quarter of 2023. In fact, the Company reached its highest third quarter income ever! While net sales for the three months ended September 30, 2023 were $50.4 million, about flat compared to sales of $49.7 million in the same period of 2022, net income in Q3 2023 was […]

Acme United Corporation (US: ACU – $33.09) has sold its Camillus knives and Cuda fishing product brands to GSM Holdings, Inc for $19.8 million. This is a logical step for Acme, as the growth opportunities for these brands were limited while owned by Acme due to the fierce competitive landscape, but very exciting for a company like GSM with significant […]