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 quarter earlier this year, Mr. Johnsen first discusses how he feels about the ongoing third quarter. He furthermore provides details about how the productivity has evolved at the Company’s largest distribution center in the United States. During the second quarter a new warehouse management system was installed, which caused some growing pains.
The interview also touches upon the inevitable subject of COVID. We find out if Acme United was impacted by the partial shutdown of the Chinese Ningbo port back in August. We also learn if the CEO sees sales returning to brick and mortar stores after the big shift to online during the pandemic.
In addition, Mr. Johnsen describes why Acme’s Canadian and European divisions performed extremely well during the second quarter and if he sees this trend continuing.
Finally, the CEO shares his view on inflation and if this is affecting Acme’s products and business.
Access our interview by clicking the play button on the media player below,
or download our convenient transcript.
|Smallcaps.us Advice: Buy||Price Target: $63.77||Latest Company Report (pdf)|
|For important disclosures, please read our disclaimer.|