Acme United CEO Walter Johnsen Provides Details on Potential Record Year
We’re thrilled to sit down with Mr. Walter Johnsen, the Chairman and CEO of Acme United Corporation (US: ACU – $23.36). 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.
The interview first touches upon COVID-19 and how Acme is dealing with the worldwide pandemic. Although the Company is operating in a difficult environment, it is succeeding in growing sales in several of its product categories, such as first aid, scissors, shears, hunting and fishing. In addition, they are seeing a big shift to online sales.
Mr. Johnsen furthermore provides details on the ongoing third quarter and whether Acme is on track for its tenth consecutive year of record sales. He also explains how the Company was able to reach six months net profit in 2020, which was just a bit shy of net profit in the entire fiscal year 2018.
The CEO divulges more information about the Company’s first aid brands and provides details on which products are performing strong and also where he sees additional opportunities. Moreover, Mr. Johnsen updates listeners on First Aid Central, Acme’s latest acquisition.
Investors also find out why sales of Westcott are increasing despite many schools and offices still being closed. Finally, Mr. Johnsen provides plenty of details on the current situation and outlook for the Camillus, Cuda, and DMT brands.
Access our interview by clicking the play button on the media player below,
or download our convenient transcript.
|Smallcaps.us Advice: Buy||Price Target: $53.75||Latest Company Report (pdf)|
|For important disclosures, please read our disclaimer.|