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| Symbol (US): | ACU |
| Website: | www.acmeunited.com |
Acme United Corporation is an innovative supplier of cutting devices, measuring instruments, and safety products for school, home, office, hardware and industrial use. Its leading brands include Westcott, Clauss, First Aid Only, PhysiciansCare and Pac-Kit.
Late September, Acme United’s (ACU – $9.35) Asia Pacific team, along with a few people from the US head office, attended Paperworld China, the largest trade event in Asia for stationery and office supplies. Mr. Walter Johnsen, Acme’s Chairman and CEO, said the exhibition was well attended and many prospective buyers visited the Acme United booth. Global retailers like Wal-Mart, […]
Read moreSince mid August, Acme United’s (ACU – $10.10) stock has risen over 6%. A true achievement amid this market turmoil, thanks to its solid fundamentals, a 3% dividend and strong outlook. 1. Solid Fundamentals Net sales for Acme United’s second quarter, ended June 30, 2011, were $24.0 million, compared to $20.6 million in the comparable period of 2010, or an […]
Read moreAcme United’s (ACU – $9.40) Board of Directors agreed to increase the Company’s quarterly dividend with 1 cent to 7 cents per share. At today’s share price, that’s an annual yield of almost 3%, which is much higher than the interest rate you earn on a regular savings account or a 10-year bond. Acme has been paying quarterly dividends for […]
Read moreDuring the second quarter, ended June 30, 2011, Acme United (ACU – $10.10), the supplier of cutting devices, measuring instruments and safety products, generated sales of $24.0 million, an increase of 17% compared with the same period last year. Back to school sales were strong, Pac-Kit, which was recently acquired, is already contributing nicely and new product sales are doing […]
Read moreAcme United (ACU – $9.71) won a prestigious IDEA award for its entire Clauss AirShoc line of garden products in the ‘Home Living’ category. After winning a GOOD DESIGN award, this is the second design recognition for the outstanding gardening tools. The Industrial Designers Society of America (IDSA) is the world’s oldest, and largest, member-driven organisation for product design. The […]
Read moreBased on the below information, we reiterate our buy recommendation for Acme United (ACU – $9.40). We calculated an earnings forecast of $3.10 million, or 1.00 dollar per share, for fiscal year 2011. Our price target is $14.53 per share, which is about 50% above today’s stock price. Acme United acquired The Pac-Kit Safety Equipment Company late February 2011, a […]
Read moreI was very pleased late last week to be able to visit Acme United’s (ACU – $9.40) head office and its newly acquired Pac-Kit manufacturing plant in Connecticut. I walked away impressed about the Company’s new products and confident about its future growth. Clauss Garden Tools At the head office, I got to see all the products that were either […]
Read moreAcme United Corp. (ACU – $9.75) surprised us with not one, but two major announcements this week. First it said that it acquired Pac-Kit Safety Equipment Company, a manufacturer of first aid kits, which is complementary with the Company’s existing PhysiciansCare brand. Next, Acme reported fiscal year 2010 results and explained the corporate goals and strategies for the current year. […]
Read moreAcme United Corporation (ACU – $10.08) has modified its revolving loan agreement with Wells Fargo Bank, N.A. The amendments include an increase in the maximum borrowing amount from $18 million to $20 million and an extension of the maturity date of the loan from February 1, 2012 to March 31, 2013. The interest rate remains at LIBOR plus 2%, which […]
Read moreAcme United (ACU – $9.97) issued two press releases this week of which most readers probably said: OK, no big deal. But don’t be fooled, these were strategic decisions of which we’ll see the impact in 6 to 12 months. On Monday, Acme announced that it promoted Dennis Liang to Vice President of Sales for Asia Pacific and that YB […]
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