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 (ACU) has acquired the assets of Elite First Aid, a supplier of tactical, trauma, and emergency response products with 2023 revenues of $4.2 million. The undisclosed purchase price is expected to be accretive. Located in Wake Forest, NC, Elite First Aid will join Acme United's portfolio, expanding its emergency response product sales to domestic and global markets. The founder and management team of Elite First Aid will join Acme United, alongside its employees.
Acme United (NYSE American: ACU) will present at the Singular Research Spring Select Webinar on May 22, 2024, at 4:30 pm ET/1:30 pm PT.
The presentation will be given by Chairman and CEO Walter C. Johnsen, and a slide deck will be available on the company's website beforehand.
Acme United is a global supplier of safety solutions and cutting technology, serving markets such as schools, offices, and industrial sectors. The company's notable brands include First Aid Only, PhysiciansCare, and Westcott.
Investors can register for the webinar at the provided link.
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