Acme United Q2 net income +29% to $4.5M; acquires Elite First Aid

ACME UNITED CORP

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

Q2 net sales $55.4M (+4% YoY; +8% excl. divested Camillus/Cuda lines).
Net income $4.5M ($1.09 diluted EPS) vs $3.4M ($0.96) in Q2 2023.
Six-month net income $6.1M ($1.47 EPS) up 37% vs prior year.
Acquired Elite First Aid assets in May 2024 for ~$6.1M; 2023 revenues $4.2M.
Gross margin improved to 40.8% from 37.5%; bank debt fell to $33.1M from $47.5M.

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