Acme United Q2 sales up 27% to $56.8M; adjusted EPS flat at $0.71; acquires Safety Made for ~$11M

ACME UNITED CORP

2022-Q2 EPS reported $0.93 revenue$100,106,000

Net sales $56.8M (+27% YoY); adjusted EPS $0.71 (flat vs adj. $0.71 in Q2 2021); gross margin 33% vs 36%.
Acquired Safety Made (first aid kits) for ~$11M; 2021 rev $4.9M, EBITDA $1.2M.
Increased HSBC credit facility by $15M to $65M; debt less cash $59.8M vs $39.3M a year ago.
U.S. segment sales +33% in Q2; Europe sales +12% in local currency.
Targeting ~$200M revenue in 2022; inventory increased ~$15M.

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