secwatch.observer — SEC 8-K summary
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Issuer:     ACME UNITED CORP (ACU)
CIK:        0000002098
Form:       8-K
Filed at:   2024-04-19T23:59:59+00:00
Accession:  0000950170-24-045741
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acme United Q1 diluted EPS up 39% to $0.39; gross margin expands to 38.7%
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- Net sales $45.0M, down 2% YoY; ex-divested lines up 1%. Net income $1.6M, up 65%.
- Diluted EPS $0.39 vs $0.28, a 39% increase. Gross margin 38.7% vs 35.5%.
- Bank debt less cash dropped to $31.5M from $48.4M a year ago; generated $5.4M free cash flow in past 12 months.
- U.S. segment sales down 2%, Europe up 5% in USD, Canada down 7%.
- Management cites productivity improvements and reduced inbound shipping costs; new initiatives in first aid, cutting tools, spill clean-up.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2098/000095017024045741/0000950170-24-045741-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2098/000095017024045741/acu-20240419.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-045741

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