secwatch.observer — SEC 8-K summary
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Issuer:     ACME UNITED CORP (ACU)
CIK:        0000002098
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0000950170-24-023566
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acme United Q4/FY2023: adjusted EPS $2.23 vs $0.82; gross margin 37.7%; debt down $19M
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- Full year 2023 net sales $191.5M (-1% YoY); Q4 net sales $41.9M (-5% YoY, -1% ex-divestiture).
- Adjusted net income (ex-divestiture) $8.2M ($2.23/dil share) vs $3.0M ($0.82) in 2022.
- Gross margin improved to 37.7% (FY) from 32.8%; debt reduced from $55M to $19M; free cash flow $24M.
- Sold Camillus and Cuda hunting/fishing lines for $19.8M, after-tax gain $9.6M.
- CEO cites cost savings of $6.5M, market share gains in first aid; expects strong 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2098/000095017024023566/0000950170-24-023566-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2098/000095017024023566/acu-20240301.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-023566

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer