earnings
confidence high
sentiment positive
materiality 0.60
Acme United Q3 2021 sales up 11% to $47.9M; net income up 30% to $2.05M
ACME UNITED CORP
2021-Q3 EPS reported
$2.85
revenue$136,295,000
- Diluted EPS $0.50 vs $0.46 YoY (+9%), nine-month EPS ex-PPP $1.97 vs $1.75.
- U.S. segment sales +12%; Europe flat; Canada +6% in USD, flat in local currency.
- Gross margin improved to 35.5% from 34.5%; nine-month margin held at 36%.
- Bank debt $38.1M; paid $9.3M for Med-Nap LLC acquisition, paid $1.7M dividends.
- Inventory increased ~33% over 18 months to buffer supply chain disruptions.