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 has acquired the assets of Med-Nap LLC, a notable manufacturer of antiseptic products, such as alcohol prep pads and wipes. The acquisition is expected to enhance Acme United's product offerings and is projected to be accretive from Q1 2021. Med-Nap generated approximately $4.9 million in revenue and $1.0 million in EBITDA in 2020. The deal strengthens Acme's manufacturing capabilities and expands its product lines for retail, industrial, and medical markets. The purchase price remains undisclosed.
The Board of Directors of Acme United Corporation (NYSE American: ACU) declared a cash dividend of 13 cents per share on its outstanding common stock. This dividend is payable on January 29, 2021 to stockholders of record on the close of business on January 8, 2021. This increase marks the twelfth dividend increase since 2004, indicating the company's strong balance sheet and confidence in ongoing business progress.
The Board of Directors of Acme United Corporation (NYSE American: ACU) has declared a cash dividend of 13 cents per share on its outstanding common stock, payable on January 8, 2021, to stockholders of record by the close of business on January 29, 2021. This marks the company's twelfth dividend increase since 2004. Chairman and CEO Walter C. Johnsen expressed confidence in the company’s progress and strong balance sheet, noting their commitment to returning value to shareholders.
Acme United Corporation (NYSE American: ACU) will present at the 13th Annual LD Micro Main Event investor conference on December 14, 2020, at 11:20 AM ET. CEO Walter Johnsen will address a live virtual audience. The presentation will be accessible through a live broadcast and on Acme United’s Investor Relations website.
The LD Micro conference features a unique format with 10-minute presentations followed by a Q&A session with investors and analysts.
Acme United Corporation (ACU) will present at the Sidoti & Company Virtual Microcap Conference on November 19, 2020, from 10:45 AM to 11:15 AM ET. The company’s Chairman and CEO, Walter Johnsen, will also hold one-on-one meetings with institutional investors throughout the day. The presentation will be broadcast live and can be accessed via the company website.
Acme United Corporation (NYSE American: ACU) reported a strong third-quarter performance for 2020, with net sales of $43.3 million, up 17% from $37 million in Q3 2019. Year-to-date sales reached $123.1 million, a 13% increase. The acquisition of First Aid Central contributed approximately $1.2 million in sales this quarter. Net income rose 49% to $1,579,000, or $0.46 per share. Notably, U.S. sales increased 12%, boosted by first aid products, while European sales surged 35%. However, gross margin dropped to 34.5% due to COVID-19 related costs.
Acme United Corporation (NYSE American: ACU) will announce its Third Quarter 2020 financial results on October 21, 2020, at 9:00 a.m. EDT. Following the results, a conference call for discussion and Q&A will take place at 12:00 p.m. EDT. Interested parties can participate by dialing 800-353-6461 or 334-323-0501 for international calls. The live webcast will also be available on their Investor Relations page. Acme United offers a range of innovative safety and cutting solutions under brands like First Aid Only and Westcott.
The Board of Directors of Acme United Corporation (NYSE American: ACU) has declared a cash dividend of 12 cents per share on its outstanding common stock. The dividend payment date is set for October 22, 2020, with the record date on October 1, 2020. Acme United is a prominent supplier of safety solutions and cutting technology, catering to various markets with brands such as First Aid Only® and Westcott®. This dividend reflects the company's commitment to returning value to shareholders while maintaining a strong market presence.
Acme United Corporation (NYSE American: ACU) reported a 9% increase in net sales for Q2 2020, totaling $44.0 million, compared to $40.2 million in Q2 2019. For the first half of the year, net sales rose 11% to $79.8 million. Net income also improved by 20% to $3.2 million or $0.92 per diluted share. Strong demand for first aid products, partly driven by COVID-related sales, offset declines in traditional product lines. However, Canadian sales were hit hard, declining 44% in Q2 due to office closures. Acme United also secured a $3.5 million loan from the Paycheck Protection Program to support payroll.
Acme United Corporation (NYSE American: ACU) is set to release its financial results for Q2 2020 on July 17, 2020, 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 by dialing 800-437-2398 or 323-289-6576 for international callers. The company offers a range of innovative safety solutions and cutting technology for various markets, with popular brands including First Aid Only, Pac-Kit, and Camillus.
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