earnings
confidence high
sentiment positive
materiality 0.75
Acme United Q2 net sales up 16% to $62.7M; EPS rises to $1.22 from $1.16
ACME UNITED CORP
- Q2 net sales $62.7M (+16% YoY); organic growth 8% excluding My Medic acquisition.
- Q2 diluted EPS $1.22 vs $1.16 last year; net income $5.1M (+6%).
- US sales +17%, Europe +24% (USD), Canada +1% (USD); gross margin 42.6% vs 41.0%.
- New $65M credit facility with HSBC and City National Bank, expires July 15, 2029.