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) 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.
On June 16, 2021, Acme United Corporation (NYSE American: ACU) announced a cash dividend of 13 cents per share on its outstanding common stock. This dividend will be payable on July 23, 2021, to stockholders of record by the close of business on July 2, 2021. Acme United is recognized for its innovative safety solutions and cutting technology across various markets, with notable brands like First Aid Only and Westcott. The announcement reflects the company's commitment to providing shareholder value amid challenges posed by the ongoing pandemic.
Acme United Corporation (NYSE American: ACU) will present virtually at the LD Micro Invitational XI on June 8 at 12:00 PM EDT.
Walter Johnsen, Chairman and CEO, will lead the presentation. To view the presentation, interested parties can register here.
Acme United is a leading supplier of safety solutions, serving various markets with renowned brands like First Aid Only® and Westcott®.
Acme United Corporation (NYSE American: ACU) will present at the Sidoti Microcap Virtual Conference on May 19, 2021, at 11:30 AM EDT. The company’s Chairman and CEO Walter Johnsen will also engage in one-on-one meetings with institutional investors. Interested parties can access a webcast of the presentation along with supporting materials in the Investor Relations section of Acme United’s website. For further details, contact Sidoti & Company.
Acme United is a leading provider of safety solutions and cutting technology in various markets.
Acme United Corporation (NYSE American: ACU) reported a 22% increase in net sales for Q1 2021, reaching $43.5 million compared to $35.8 million in Q1 2020. Net income surged 60% to $2,046,000, translating to $0.52 per diluted share. Strong performance was noted in Westcott cutting tools and DMT sharpeners, with European sales up 42%. The gross margin decreased to 35.8% due to higher freight costs. Bank debt rose to $43.4 million, with a notable increase in inventory due to anticipated growth and supply chain concerns related to COVID-19.
Acme United Corporation (NYSE American: ACU) will release its financial results for the First Quarter of 2021 on April 19 at 9:00 a.m. EDT. A conference call will follow at 12:00 p.m. EDT, allowing investors to discuss the results. The call can be accessed via phone or through a live webcast on the company’s investor relations page. Acme United is recognized for its innovative safety and cutting solutions across various sectors, with brands like First Aid Only and Westcott.
The Board of Directors of Acme United Corporation (ACU) has declared a cash dividend of 13 cents per share for its outstanding common stock. This dividend will be payable on April 22, 2021, to stockholders of record at the close of business on April 1, 2021. Acme United is recognized for its safety solutions and cutting technology, serving various markets. The announcement comes amidst ongoing uncertainties related to the COVID-19 pandemic, which has affected global operations and financial results.
Acme United (NYSE American: ACU) will present at the Sidoti Spring 2021 Virtual Conference on March 25, 2021, at 12:15 PM ET. Chairman and CEO Walter Johnsen will hold one-on-one meetings with institutional investors on March 24 and 25. A webcast of the presentation and materials will be available on the company’s Investor Relations website. Acme United is a global supplier of innovative safety solutions and cutting technology, serving various markets.
Acme United Corporation (ACU) reported a strong financial performance for Q4 and the full year ending December 31, 2020. Net sales reached $40.9 million for Q4, a 21% increase from $33.9 million in 2019, and $164.0 million for the year, up 15% from $142.5 million. Net income soared 109% in Q4 to $2.04 million, while annual net income rose 47% to $8.1 million. The growth was driven by strong demand for first aid and safety products amid the pandemic, alongside strategic acquisitions. Gross margins remained stable, while inventory increased due to anticipated business growth.
Acme United Corporation (NYSE American: ACU) will announce its Fourth Quarter 2020 financial results on March 3, 2021, at 9:00 a.m. EST. A conference call will follow at 12:00 p.m. EST, allowing stakeholders to discuss the results. The event will be accessible via phone or through a live webcast on the company's investor relations website. Acme United is recognized for providing innovative safety solutions and cutting technology across various markets, with notable brands including First Aid Only and Westcott.
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