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 secured a new mortgage agreement with HSBC Bank NA for $11.6 million at a fixed rate of 3.8% over seven years and a 20-year amortization. Approximately $3 million of this amount was allocated to pay off the existing mortgage on its Vancouver property. CEO Walter Johnsen highlighted that this arrangement not only mitigates inflation risks by fixing the interest rate but also enhances the company’s debt capacity by $8.6 million for growth and potential acquisitions.
Acme United Corporation (NYSE American: ACU) will present at the Sidoti & Company Virtual Microcap Conference on December 8, 2021, from 1:45 PM to 2:15 PM ET. The presentation will feature Chairman and CEO Walter Johnsen, who will also engage in one-on-one sessions with institutional investors. The live broadcast of the presentation can be accessed here and will also be available on the company’s Investor Relations website.
Acme United Corporation (NYSE American: ACU) has announced the establishment of a pre-arranged trading plan under Rule 10b5-1, allowing for common stock repurchases over the next twelve months. This trading plan aims to provide flexibility during periods when the company may be restricted from trading due to insider trading laws. The plan will be managed by an independent broker and will adhere to set parameters regarding price, volume, and timing. Actual share repurchases will be reported periodically, though no assurance is provided on the amount or timing of such repurchases.
Acme United Corporation (NYSE American: ACU) reported net sales of $47.9 million for Q3 2021, up 11% from $43.3 million in Q3 2020. Year-to-date sales reached $136.3 million, also a 11% increase. Net income for Q3 2021 was $2.046 million ($0.50/share), a 30% rise from $1.579 million ($0.46/share) in Q3 2020. For nine months, net income was $11.3 million ($2.85/share) including PPP loan forgiveness. The company attributes growth to strong demand for first aid products and a 33% inventory increase to mitigate supply chain risks.
Acme United Corporation (NYSE American: ACU) will announce its Third Quarter 2021 financial results on October 26, 2021, at 9:00 a.m. EDT. A conference call to discuss these results is scheduled for the same day at 2:30 p.m. EDT, accessible via dial-in or a live webcast. Acme United is a leading supplier of innovative safety solutions and cutting technology for various markets, including school, home, and industrial sectors. The company’s brands include First Aid Only®, Westcott®, and Camillus®.
Acme United Corporation (ACU) will present at the 14th Annual LD Micro Main Event on October 12 at 2:30 PM ET. The conference, held both virtually and in-person in Los Angeles, will feature Chairman and CEO Walter Johnsen providing a business overview of the company. Investors can register to watch the virtual presentation online or access it through the Investor Relations section of Acme United's website. Acme United is known for innovative first aid and medical products, serving markets such as school, home, and industry.
The Board of Directors of Acme United Corporation (NYSE American: ACU) has declared a cash dividend of 13 cents per share on outstanding common stock, payable on October 22, 2021 to stockholders of record by the close of business on October 1, 2021.
Acme United is a global supplier of innovative safety solutions and cutting technology, with brands including First Aid Only, Clauss, and Westcott.
Acme United Corporation (ACU) reported Q2 2021 net sales of $44.8 million, up 2% YoY, with six-month sales at $88.4 million, an 11% increase. Net income, excluding PPP loan forgiveness, rose 16% to $3.7 million or $0.94 per diluted share. Including the forgiveness, net income reached $7.2 million. U.S. sales saw a 4% decline in Q2 due to a new warehouse system, while European sales surged 26%. Canadian sales increased 68%. Gross margins slightly decreased to 36%. The company experienced operational interruptions but expects improved shipping efficiency moving forward.
Acme United Corporation (NYSE American: ACU) is set to announce its financial results for the Second Quarter of 2021 on July 22, 2021, at 9:00 a.m. EDT. A conference call for discussing these results will be held on the same day at 12:00 p.m. EDT. Interested parties can participate by dialing 800-353-6461 or 334-323-0501 for international callers. The call can also be accessed via a live webcast on Acme United's Investor Relations webpage. Acme United is known for providing innovative safety solutions and cutting tools across various markets.
Acme United Corporation (NYSE American: ACU) announced that its Paycheck Protection Program (PPP) loan of $3,508,047 has been fully forgiven by the Small Business Administration. The forgiveness payment was remitted on June 9, 2021, allowing Acme United to navigate challenges from the COVID-19 pandemic without laying off employees. CEO Walter Johnsen expressed gratitude to HSBC and the SBA for their support, highlighting the PPP loan's crucial role in maintaining operations during uncertain times.
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