Company Snapshot: Acme United Corp (ACU)

Acme United (US: ACU – $41.10), reached net sales of $45.0 million for the quarter ended March 31, 2024, compared with $45.8 million in the same quarter last year. This represents a 2% decrease, reflecting the sale of the Camillus and Cuda hunting and fishing product lines in November 2023 for $19.6 million. Camillus and Cuda combined, achieved annual sales […]

All in all, 2023 was an excellent year for Acme United Corp. (US: ACU – $43.29). The Company decreased its net debt from $55 million at year end 2022 to $19 million one year later. Its gross margins increased as Acme successfully implemented new productivity plans. The reduction in SG&A expenses resulted in annual savings of approximately $6.5 million. And […]

Acme United Corp. (US: ACU – $39.72) reached sales of $191.5 million in 2023 compared to $194.0 million for the prior year, a decrease of 1%. This small decrease was especially due to the fact that Acme sold its Camillus and Cuda hunting and fishing product lines to GSM Holdings on November 1, 2023. Total revenues from the divested product […]

“Celebrating Business Together” was the motto of this year’s mega trade fair for the global consumer goods industry, consisting of Ambiente, Christmasworld and Creativeworld. With an increase of ten percent, 4,928 exhibitors presented their new products on over 360,000 gross square metres (~3.9 million square feet) in Frankfurt, Germany. One of the participants at the fair was Acme United’s (US: […]

Acme United Corporation (US:ACU – $37.49) made significant progress during the third quarter of 2023. In fact, the Company reached its highest third quarter income ever! While net sales for the three months ended September 30, 2023 were $50.4 million, about flat compared to sales of $49.7 million in the same period of 2022, net income in Q3 2023 was […]

Acme United Corporation (US: ACU – $33.09) has sold its Camillus knives and Cuda fishing product brands to GSM Holdings, Inc for $19.8 million. This is a logical step for Acme, as the growth opportunities for these brands were limited while owned by Acme due to the fierce competitive landscape, but very exciting for a company like GSM with significant […]

Acme United Corporation (US: ACU – $30.40) made significant progress during the third quarter of 2023. In fact, the Company reached its highest third quarter income ever! While net sales for the three months ended September 30, 2023 were $50.4 million, about flat compared to sales of $49.7 million in the same period of 2022, net income in Q3 2023 […]

Acme United (US: ACU – $29.89) again succeeded in acquiring a relatively small, easy to integrate first aid business, which will immediately be accretive to the Company’s bottom line. Acme paid approximately $1 million for certain assets of the Canadian company Hawktree Solutions, which is the official primary distributor of Canadian Red Cross (CRC) products. For over 10 years it […]

Acme United Corporation (US:ACU – $37.56), the leading consumer products company with a focus on first aid and safety products, as well as cutting solutions, had an excellent second quarter of 2023, with net income increasing to $3.4 million, or $0.96 per diluted share, compared to net income of $2.7 million, or $0.71 per diluted share, for the same period […]

Acme United (US:ACU – $27.49) had an excellent second quarter of 2023, with net income increasing to $3.4 million, or $0.96 per diluted share, compared to net income of $2.7 million, or $0.71 per diluted share, for the same period of 2022, an increase of 26% in net income, and 35% in earnings per share. The main reason for this […]