Acme United Q3 net income rises 3% to $2.23M despite 4% sales decline

ACME UNITED CORP

2024-Q3 EPS reported $2.03 revenue$148,547,000

Net income $2.23M ($0.54/diluted) vs $2.15M ($0.58) in Q3 2023; net income up 3%, EPS down 7%.
Net sales $48.2M, down 4% YoY; excluding Camillus/Cuda (sold Nov 2023), sales up 4%.
U.S. segment sales down 6% (ex-div up 3%); Europe up 10% in USD; Canada down 1% (up 2% local).
Bank debt less cash $26.7M at Sep 30, 2024 vs $38.2M a year ago; generated $6.2M free cash flow.
Introduced next-gen industrial first aid kits with patent-pending real-time expiration monitoring.

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