secwatch.observer — SEC 8-K summary
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Issuer:     ACME UNITED CORP (ACU)
CIK:        0000002098
Form:       8-K
Filed at:   2022-04-22T23:59:59+00:00
Accession:  0001564590-22-015171
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acme United Q1 net income falls 59% to $0.22 EPS; supply chain disruptions cited
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- Net sales $43.3M vs $43.5M; net income $830k ($0.22 diluted EPS) down 59% from $2.05M ($0.52) YoY.
- Supply chain disruptions delayed ~$4.0M of orders; CEO expects to ship many in Q2 and targets >$200M revenue in 2022.
- Gross margin declined to 34.5% from 35.8% due to cost inflation, higher transportation and labor costs.
- Bank debt less cash $46.2M; inventory increased $11M to position for growth and supply chain risks.
- U.S. sales -1%, Europe -4% USD (+3% local), Canada +8%; First Aid Central e-commerce driving Canadian growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2098/000156459022015171/0001564590-22-015171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2098/000156459022015171/acu-8k_20220422.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-015171

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