secwatch.observer — SEC 8-K summary
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Issuer:     ACME UNITED CORP (ACU)
CIK:        0000002098
Form:       8-K
Filed at:   2024-07-19T23:59:59+00:00
Accession:  0000950170-24-084785
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2098/000095017024084785/0000950170-24-084785-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2098/000095017024084785/acu-20240719.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-084785

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