Acme United Reaches $10 Million Net Profit in 2021

Despite all the challenges with inflation, product availability and shipping issues, Acme United Corp. (US: ACU – $34.90) delivered its 12th consecutive year of record sales. Moreover, earnings reached more than $10 million, also an all-time high for the Company. As for 2022, Acme United is again projecting substantial growth with sales expected to reach well over $200 million. Acme’s […]

Read more

Acme United Expands Debt Capacity to Fund Growth and Acquisitions

Acme United Corporation (US: ACU – $32.37) entered into a new mortgage agreement with HSBC Bank for $11.6 million. The lender provided an attractive loan fixed at 3.8% for 7 years with a 20-year amortization schedule. Given the rising inflation and subsequent interest rates, it’s a wise decision of Acme’s management to negotiate a loan with a fixed rate. The […]

Read more

Acme United Continues To Be On Track For Record Breaking Year

Acme United Corporation (US: ACU – $36.00) is a leading consumer products company with a focus on first aid and safety products, as well as cutting solutions, for commercial and industrial markets worldwide. The Company had a very good third quarter of 2021. For the quarter ended September 30, 2021, sales reached $47.9 million, compared to $43.3 million in the […]

Read more

Acme United Achieves Third Quarter Sales & Earnings Record Despite Challenging Environment

Acme United Corporation (US: ACU – $37.00) had a very good third quarter of 2021. For the quarter ended September 30, 2021, sales reached $47.9 million, compared to $43.3 million in the third quarter of 2020, an increase of 11%. The Company’s strong performance was even more highlighted in its third quarter earnings. Net income for the third quarter of […]

Read more

Acme United CEO Walter Johnsen Says Inflation is Everywhere

We’re very pleased to sit down with Mr. Walter Johnsen, the Chairman and CEO of Acme United Corporation (US: ACU – $37.51). Acme United is a leading consumer products company with a focus on first aid and safety products, as well as cutting solutions, for commercial and industrial markets worldwide. After having reported record sales and earnings for the second […]

Read more

Cuda Thrives at First In-Person Fishing Trade Event Since COVID

With Orlando, Florida as the backdrop, the 64th International Convention of Allied Sportfishing Trades, better known as ICAST, was the first in-person trade event for the recreational fishing industry held since the pandemic. ICAST 2021 was held in the North Building at the Orange County Convention Center (OCCC) and counted more than 475 exhibitors. Although it wasn’t 100% business as […]

Read more

Acme United Sets New Sales & Earnings Record for Second Quarter

Acme United (US:ACU – $42.30), the leading consumer products company with a focus on first aid and safety products, as well as cutting solutions, for commercial and industrial markets worldwide reported record sales and earnings for its second quarter ended June 30, 2021. Acme’s net sales for the second quarter were $44.8 million compared to $44 million in 2020, an […]

Read more

Acme United Does NOT Have to Pay $3.5 Million PPP Loan Back

Acme United (US: ACU – $43.61) received very good news from the Small Business Administration (SBA), as the U.S. government agency confirmed that it forgave the $3.508,047 Paycheck Protection Program (PPP) loan that Acme received last year. Moreover, ordinarily, loan forgiveness is considered a taxable income, but forgiveness of a PPP loan is not considered a taxable income. Consequently, the […]

Read more
1 2 3 4 22