secwatch.observer — SEC 8-K summary
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Issuer:     ACME UNITED CORP (ACU)
CIK:        0000002098
Form:       8-K
Filed at:   2022-10-21T23:59:59+00:00
Accession:  0001564590-22-034822
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acme United Q3 EPS plummets to $0.02 from $0.50 on supply chain costs; sales up 4%
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- Q3 net sales $49.7M (+4% YoY); net income $64,000 ($0.02 diluted EPS) vs $2.0M ($0.50) in Q3 2021.
- Gross margin fell to 32.0% from 35.5% due to $1.3M in exceptional ocean freight and demurrage costs.
- Expects $900K supply chain expense in Q4 2022 and $400K in Q1 2023; total $4.4M across 2022-2023.
- Cost reduction initiatives targeted to generate over $5.0M in savings in 2023.
- Bank debt net of cash $64M (up from $38M); inventory increased $17M over 12 months for growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2098/000156459022034822/0001564590-22-034822-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2098/000156459022034822/acu-8k_20221021.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-034822

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