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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.
On Friday, Acme United Corporation (ACU) reported that it donated its 2.4 acres waterfront property along the Pequonnock River in Bridgeport to the City of Bridgeport, CT. Acme United owned the property, because the former Acme Shear Company’s factory* was built on this site. The property anchors the potential redevelopment of the East Side of Bridgeport, and could provide waterfront […]
Read moreIn FY 2009, Acme United’s (ACU – $9.45) sales will decline for the first time in many years due to a general drop in demand and due to inventory reductions with its customers. In our third quarter update report we not only explain why it’s safe to assume that revenues and earnings will increase again once the economy turns around, […]
Read moreOn Thursday, Acme United Corporation (ACU – $8.40) announced that net sales for the third quarter ended September 30, 2009 were $15.3 million compared to $19.2 million in the comparable period of 2008, a decrease of 20% (19% local currency). Contributing to the decline was an unexpected order of approximately $1.2 million from a major retailer in the third quarter […]
Read moreOn Wednesday, Acme United Corporation (ACU – $10.00) announced excellent news when its Board of Directors approved a new stock repurchase program of up to 200,000 common shares. This new program goes on top of 49,335 shares that may still be repurchased under its previous program, which was announced in December of 2008. To get this in perspective, 249,335 shares […]
Read moreAlthough Acme United’s sales and earnings were impacted by the economic downturn in the second quarter, it’s encouraging to note that while net sales in the U.S. segment decreased 17% compared to the same period in 2008, sales in Canada only declined approximately 1% in local currency (down 12% in U.S. dollars) and even increased 11% in Europe in local […]
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With the second quarter a few days behind us, it’s time to find out how some of the companies that we track performed. With us to discuss the second quarter and many more interesting items that happened since our previous interview is Mr. Walter Johnsen, Exec. Chairman and CEO of Acme United Corp. (ACU – $9.00). Click the start button […]
Read moreIn this update report (pdf) we discuss Acme United’s (ACU – $7.42) first quarter results. We explain why we feel this stock is undervalued at current levels and we give an outlook for the near term future. Underneath are a few highlights from the report: Even in these difficult market circumstances, the Company was able to gain 5 large mass […]
Read moreAt last week’s National Hardware Show in Las Vegas, the world renowned Camillus Cutlery was re-launched. This may not seem like a big event at first, but if you know a little bit about this Company’s history, it is. For more than a hundred years, Camillus was dedicated to produce the finest knives available. In 2007 however, due to fierce […]
Read moreYou may wonder what Acme United (ACU – $8.00), a ruler and scissors company, has to do with swine flu? Well, Acme United has a division called PhysiciansCare, which offers a wide assortment of first aid kits, over-the-counter medicines, emergency and disaster kits, preparedness products and kit refills. One particular product being sold by PhysiciansCare, are N95 respirators, which are […]
Read moreOn Friday, Acme United Corporation (ACU – $7.20) announced sales and earnings for the first quarter ended March 31, 2009. As expected, those numbers were soft due to a reduction in orders from many of the Company’s customers as a result of the contracting global economy. However, the Company did manage to remain profitable thanks to a series of cost […]
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