Welcome to our dedicated page for Acme United Corporation news (Ticker: ACU), a resource for investors and traders seeking the latest updates and insights on Acme United Corporation stock.
Acme United Corporation (NYSE American: ACU) is a premier global supplier of essential safety solutions and cutting-edge technology catering to diverse markets including schools, homes, offices, hardware stores, sporting goods shops, and industrial sectors. Established over 150 years ago, Acme United has built a robust portfolio of innovative products and trusted brands.
Among its leading brands, Westcott is renowned for scissors and rulers, while First Aid Only® is a pioneer in first aid kits and medical supplies. Other notable brands include Spill Magic®, Clauss®, Camillus®, Cuda®, DMT®, and Med-Nap®.
Acme United's core products include first aid kits, medical supplies, scissors, shears, knives, rulers, pencil sharpeners, and sharpening tools. These products are distributed through various channels such as mass market and e-commerce retailers, industrial distributors, office supply superstores, and hardware chains.
The company operates across the United States, Canada, Europe, and Asia, with a significant portion of its revenue generated in the U.S. Recent strategic moves include the acquisition of Hawktree Solutions and Elite First Aid, Inc., expanding their product lines and market reach.
Financially, Acme United has shown resilience with a consistent performance. For the year ending December 31, 2023, net sales were $191.5 million. The recent sale of their Camillus and Cuda product lines resulted in significant debt reduction and optimized focus on their primary product lines.
Acme United’s latest achievements include strong earnings, new product placements, and productivity improvements leading to substantial savings. The company's financial health is strong, evidenced by reduced debt and increased free cash flow.
Acme United (NYSE American: ACU) has announced that its Board of Directors has declared a cash dividend of $0.15 per share on its outstanding common stock. The dividend will be paid on January 27, 2025, to stockholders of record as of the close of business on January 6, 2025. Acme United is a global supplier of safety solutions and cutting technology, serving various markets including school, home, office, hardware, sporting goods, and industrial sectors through its portfolio of brands including First Aid Only, Westcott, Clauss, and DMT.
Acme United (NYSE American: ACU) has announced its participation in the 16th Annual Southwest IDEAS Investor Conference at The Statler in Dallas, TX on November 20-21, 2024. Walter C. Johnsen, Chairman and CEO, will deliver a presentation on Thursday, November 21st at 2:00 PM CT (3:00 PM ET) and conduct one-on-one meetings. The presentation will be available virtually through a webcast, and accompanying slides will be accessible on the company's Investor Relations webpage.
Acme United (NYSE American: ACU) has announced its participation in the LD Micro Main Event XVII 2024, scheduled for October 29-30, 2024, at the Luxe Sunset Boulevard Hotel. Walter C. Johnsen, Chairman and CEO, will deliver a presentation on Tuesday, October 29, 2024, at 10:30 AM PT. The presentation will be available virtually through a webcast, and accompanying slides will be accessible on the company's Investor Relations webpage at www.acmeunited.com.
Acme United (NYSE American: ACU) has announced its participation in the LD Micro Main Event XVII 2024, scheduled for October 29-30, 2024, at the Luxe Sunset Boulevard Hotel. Walter C. Johnsen, Chairman and CEO, will deliver a presentation on Tuesday, October 29, 2024, at 10:30 AM PT.
Interested parties can register to watch the virtual presentation through a provided link. Additionally, the company will post a slide presentation referenced during the webcast on the Investor Relations page of their official website, www.acmeunited.com.
This event provides an opportunity for Acme United to showcase its business to potential investors and industry professionals, potentially impacting its stock performance and market visibility.
Acme United (NYSE American: ACU) reported financial results for Q3 2024. Net sales were $48.2 million, down 4% from Q3 2023, but up 4% excluding the impact of sold product lines. Net income increased 3% to $2.23 million, while diluted EPS decreased 7% to $0.54. For the nine months ended September 30, 2024, net sales slightly decreased by 1%, but net income rose 26% to $8.32 million.
The company saw strong sales in Westcott cutting tools and DMT sharpeners, offsetting soft U.S. first aid product sales. Acme United introduced new industrial first aid kits with automatic replenishment capabilities. European sales increased 10% in Q3, while Canadian sales were mixed. Gross margin slightly decreased to 38.5% in Q3 but improved to 39.4% for the nine-month period. The company's bank debt less cash decreased to $26.7 million from $38.2 million year-over-year.
Acme United (NYSE American: ACU) has announced the release of its Third Quarter 2024 financial results on Friday, October 18, 2024, at 9:00 AM Eastern Time. The company will host a conference call to discuss these results on the same day at 12:00 p.m. Eastern Time.
Interested parties can participate in the call by dialing 1-877-407-0784 (for international callers: 1-201-689-8560) with the conference ID: 13748799. A live webcast of the conference call will be available in the Investor Relations section of Acme United's website at www.acmeunited.com. Additionally, a replay of the call can be accessed under Investor Relations, Audio Archives.
Acme United (NYSE American: ACU), a leading worldwide supplier of innovative safety solutions and cutting technology, has announced a cash dividend of 15 cents per share on its outstanding common stock. The dividend will be payable on October 24, 2024, to stockholders of record at the close of business on October 4, 2024.
Acme United serves various markets including school, home, office, hardware, sporting goods, and industrial sectors. The company's portfolio includes prominent brands such as First Aid Only®, First Aid Central®, PhysiciansCare®, Spill Magic®, Westcott®, Clauss®, DMT®, Med-Nap, Safety Made, and Elite.
Acme United (NYSE American: ACU) reported a 29% increase in net income for Q2 2024, with earnings rising to $4.5 million or $1.09 per diluted share. Net sales grew 4% to $55.4 million, and excluding the impact of divested product lines, sales increased by 8%. The company's gross margin improved significantly to 40.8% from 37.5% in the same period last year.
Key highlights include:
- Acquisition of Elite First Aid, Inc., expanding emergency response product line
- Strong market share gains in first aid and Westcott cutting tools
- U.S. segment sales up 10% (excluding divested lines)
- European sales increased 5% in local currency
- Bank debt reduced to $33.1 million from $47.5 million year-over-year
CEO Walter C. Johnsen expressed satisfaction with the company's performance and strategic focus on primary product lines.
Acme United (NYSE American: ACU) reported a 29% increase in net income for Q2 2024, with earnings reaching $4.5 million or $1.09 per diluted share. Net sales grew by 4% to $55.4 million, and excluding the impact of divested product lines, sales increased by 8%. The company's gross margin improved to 40.8% from 37.5% in the same period last year.
Key highlights include:
- Significant market share gains in first aid products
- Growth in Westcott cutting tools sales
- Acquisition of Elite First Aid, Inc., expanding emergency response product line
- Strong performance in U.S. and European segments
- Reduction in bank debt from $47.5 million to $33.1 million year-over-year
Acme United (NYSE American: ACU) will disclose its Second Quarter 2024 financial results on July 19, 2024, at 9:00 AM Eastern Time. The company has organized a conference call on the same day at 12:00 PM Eastern Time to discuss these results. Investors and analysts may join the call by dialing 1-877-407-0784 or 1-201-689-8560 for international participants, using the conference ID: 13747775. The live webcast will be accessible via the Investor Relations section on Acme United's website, where a replay will also be available under Audio Archives.
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