secwatch.observer — SEC 8-K summary
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Issuer:     ACME UNITED CORP (ACU)
CIK:        0000002098
Form:       8-K/A
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0000950170-24-085000
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2098/000095017024085000/0000950170-24-085000-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2098/000095017024085000/acu-20240719.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-085000

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