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 Corporation (NYSE American: ACU) has rescheduled its third quarter 2022 financial results conference call to 3:00 PM ET on October 21, 2022, after canceling the earlier scheduled call due to technical issues. Investors and analysts can access the call via dial-in or webcast. Acme United is a leading supplier of safety solutions and cutting technology for various markets, with brands like First Aid Only, PhysiciansCare, and Westcott.
Acme United Corporation (NYSE American: ACU) has postponed its third quarter 2022 financial results conference call originally set for October 21, 2022, at 12:00 p.m. ET due to technical issues with the conference call provider. The call is now rescheduled for the same day at 3:00 p.m. ET, with updated dial-in and webcast information to be provided shortly. Acme United is a key supplier in safety solutions and cutting technology, serving various markets with leading brands such as First Aid Only, PhysiciansCare, and Westcott.
Acme United Corporation (NYSE American: ACU) reported Q3 2022 net sales of $49.7 million, up 4% from Q3 2021, while nine-month sales reached $149.8 million, a 10% increase. However, net income fell sharply to $64,000, or $0.02 per diluted share, from $2.0 million, or $0.50 per diluted share in the same quarter last year. The decline in earnings is attributed to rising costs of goods and interest expenses. The company anticipates $5.0 million in cost savings in 2023, with expected improvements in supply chain conditions contributing to future growth opportunities.
Acme United Corporation (NYSE American: ACU) will announce its financial results for Q3 2022 on October 21, 2022, at 9:00 a.m. ET. Following the release, a conference call will take place at 12:00 p.m. ET, accessible by calling 800-458-4121 or 646-828-8193 for international participants, with confirmation code 6823102. Acme United is a leading supplier of safety solutions and cutting technology, serving various markets. The results and conference call details can be accessed via their Investor Relations section.
The Board of Directors of Acme United Corporation (NYSE American: ACU) declared a cash dividend of 14 cents per share on its outstanding common stock. This dividend is payable on October 24, 2022, to stockholders of record as of October 3, 2022. Acme United is a leading global supplier of innovative safety solutions and cutting technology, serving various markets including schools and industry.
Acme United Corporation (NYSE American: ACU) is set to present at the Singular Research Autumn Equinox 2022 Webinar on September 15, 2022, at 11:30 A.M. Eastern Time. The presentation will be accessible on the investor relations section of the company's website prior to the event. Acme United is a notable supplier of innovative safety solutions and cutting technology, servicing schools, homes, offices, and various industries, featuring brands like First Aid Only®, PhysiciansCare®, and Westcott®.
Acme United Corporation (NYSE American: ACU) will present at the Singular Research Autumn Equinox 2022 Webinar on September 14, 2022, at 11:30 A.M. Eastern Time. This presentation can be accessed through the investor relations section of their website. Acme United is a global provider of safety solutions and cutting technologies, serving various markets including education and industry. Its renowned brands comprise First Aid Only®, Westcott®, and more. For detailed information, visit www.acmeunited.com.
Acme United Corporation (ACU) reported net sales of $56.8 million for Q2 2022, a 27% increase from $44.8 million in Q2 2021. However, net income plummeted by 62% to $2.7 million, attributed to the prior year’s PPP loan forgiveness and a tax credit. Year-to-date sales also rose by 13% to $100.1 million, while net income for the first half decreased by 62% to $3.6 million. The company acquired Live Safely Products for $11 million, enhancing its product offerings. Despite challenges, Acme United aims for $200 million in revenue for 2022 and increased its credit facility by $15 million.
Acme United Corporation (NYSE American: ACU) will release its financial results for the Second Quarter of 2022 on July 22, 2022, at 9:00 a.m. ET.
A conference call to discuss these results is scheduled for 12:00 p.m. ET on the same day, with dial-in numbers provided for participants. The call will be accessible via the company's Investor Relations web page, highlighting Acme United's position as a leading supplier of safety solutions and cutting technology.
The Board of Directors of Acme United Corporation (NYSE American: ACU) has declared a cash dividend of 14 cents per share, payable on July 22, 2022, to stockholders of record by July 1, 2022. This marks the company's thirteenth dividend increase since 2004. Chairman and CEO Walter C. Johnsen stated the company is making good progress and remains confident in its strong balance sheet. Acme United Corporation is recognized for its innovative safety solutions and cutting technologies across multiple market sectors.
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