Acme United CEO Walter Johnsen Reveals Outlook for Third Quarter and Beyond
We’re very pleased to have Mr. Walter Johnsen with us today, the Chairman and CEO of Acme United Corporation (US: ACU – $20.70), to give us an update on the Company.
Mr. Johnsen first provides insight into the ongoing third quarter. The interview subsequently touches upon the tariffs that are being imposed on items imported from China. He explains that in dealing with the tariffs, manufacturers, Acme itself, and retailers have to work together in a collaborative effort to reduce the impact to a minimum for everybody.
In addition, the CEO explains that Acme is already sourcing products from a variety of countries all over the world and that these efforts are still increasing. On top of that, Acme has a number of domestic manufacturing facilities.
Mr. Johnsen also talks about the growth prospects for several of Acme’s brands. For example, the Cuda fresh and saltwater fishing tools continue to receive excellent customer interest. Also the Camillus hunting and camping items are expanding distribution and gaining market share. Finally, at DMT the output is increasing and the significant back orders are being addressed.
Investors also find out more details about why sales in the European segment grew by 28% in the second quarter, and which new Acme products can be expected on the shelves in the coming months.
Access our interview by clicking the play button on the media player below,
or download our convenient transcript.
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