Acme United Q2 net income up 29% to $4.5M; EPS $1.09 vs $0.96; revenue $55.4M +4%

ACME UNITED CORP

2024-Q2 EPS reported $1.47 revenue$100,382,000

Q2 net sales $55.4M (+4% YoY); excluding divested hunting/fishing lines, organic growth 8%.
Diluted EPS $1.09 vs $0.96; net income $4.5M, up 29% from $3.4M.
Gross margin expanded to 40.8% from 37.5% on manufacturing productivity improvements.
Acquired Elite First Aid on May 23; its 2023 revenue was ~$4.2M, bolstering emergency response line.
Bank debt less cash fell to $33.1M from $47.5M; generated $8.5M free cash flow in trailing 12 months.

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