secwatch.observer — SEC 8-K summary
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Issuer:     ACME UNITED CORP (ACU)
CIK:        0000002098
Form:       8-K
Filed at:   2021-07-22T23:59:59+00:00
Accession:  0001564590-21-037638
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acme United Q2 net income up 16% to $3.7M; EPS $0.94, +2% YoY
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- Net sales Q2 2021 $44.8M, up 2% YoY; Europe +26%, Canada +68% in USD; U.S. down 4% due to warehouse system installation.
- Net income excl. PPP forgiveness $3.72M ($0.94 EPS) vs $3.20M ($0.92) YoY, +16%.
- PPP loan of $3.5M fully forgiven; including forgiveness, Net income $7.2M ($1.82 EPS).
- Gross margin 36% Q2 vs 36.5% prior year; six-month 36% vs 37%.
- Bank debt $39.4M; paid $9.3M for Med-Nap acquisition; $1.7M dividends; $3.6M free cash flow.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2098/000156459021037638/0001564590-21-037638-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2098/000156459021037638/acu-8k_20210722.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-037638

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