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Acme United (ACU – $10.94) had solid sales and earnings for the third quarter ended September 30, 2012. In fact, these were the Company’s highest third quarter numbers in its most recent history. Net sales for the quarter reached $20.4 million, while net income was $798,000, an increase of 7% and 17% respectively compared with the third quarter last year. […]
Read moreAcme United’s (ACU – $10.75) second quarter, ended June 30, 2012 was very strong. In fact, it were the Company’s highest quarterly sales and earnings numbers it ever achieved. Acme’s brands Westcott, Clauss, Camillus, Physicians Care and Pac-Kit all contributed to the Company’s success as each one had record quarterly sales. Net sales for the quarter reached $27.6 million, compared […]
Read moreAcme United (ACU – $10.20) released solid growth numbers for the fourth quarter and full year 2011. The Company managed to increase its net sales with 16%, from $63.1 million in fiscal year 2010 to $73.3 million in 2011. This growth was also reflected in the bottom line. Net income for the year ended December 31, 2011, was $2,811,000, or […]
Read moreFor the third quarter ended September 30, 2011, Acme United (ACU – $9.44) recorded sales of $19.0 million, compared to $16.1 million in the third quarter of 2010, an increase of 18%. Net income for the third quarter of 2011 was $682,000, or $.22 per diluted share, compared with $612,000, or $.19 per diluted share, for the same period last […]
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 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 moreAcme United (ACU – $9.75) is growing fast internationally. During the third quarter of 2010, European and Canadian sales grew 22% and 9% respectively. In order to continue that growth, the Company is hiring additional sales people in Asia and Europe. The coming months are very interesting for ACU. This month and early 2011, a new line of Camillus knives […]
Read moreAcme United’s (ACU – $10.44) second quarter, ended June 30, 2010, was its strongest quarter ever in earnings per share. Nevertheless, we can identify at least four growth drivers. Products that either recently were brought to the market; are doing well and have plenty of room for growth or outstanding products that will soon enter stores. Next to these growth […]
Read moreAcme United (ACU – $10.54), an innovative supplier of cutting devices, measuring instruments and safety products for school, home, office, industrial and hardware use, remains undervalued compared with its peers because: The Company reported strong sales and earnings growth for the first quarter of 2010; At least four growth drivers will contribute significantly to Acme United’s results in the coming […]
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, […]
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