{"schema_version":"secwatch.filing_event.v1","accession":"0001564590-23-002988","form_type":"8-K","ticker":"ACU","cik":"0000002098","company_name":"ACME UNITED CORP","filed_at":"2023-03-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.522886+00:00","generated_at":"2026-06-18T16:22:00.937078+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Acme United Q4 net loss $0.17/share; full-year EPS $0.82 vs adjusted $2.57","bullets":["Q4 net sales $44.1M, down 4% YoY; net loss $597K vs income $2.34M in prior year.","Full-year net sales $193.9M, up 7% YoY; net income $3.0M ($0.82 diluted) vs adjusted $10.1M ($2.57) in 2021.","Gross margin fell to 32.0% in Q4 and 32.8% for year due to high ocean container costs and demurrage.","Bank debt less cash $55M at year-end, up from $40M; inventory increased $10M during 2022.","Management expects $5M cost savings in 2023 and plans to reduce inventory by $5M."],"urls":{"canonical":"https://secwatch.observer/filing/0001564590-23-002988","json":"https://secwatch.observer/filing/0001564590-23-002988.json","markdown":"https://secwatch.observer/filing/0001564590-23-002988.md","text":"https://secwatch.observer/filing/0001564590-23-002988.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2098/000156459023002988/0001564590-23-002988-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2098/000156459023002988/acu-8k_20230302.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T16:22:00.937078+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cb8b13378e3e1714e621277a0ff0c2a8650f83f4","claim":"ACME UNITED CORP reported three months ended December 31, 2022 results: revenue $44.1 million, net income -$597,000, EPS ($0.17) per diluted share.","evidence_excerpt":"Acme United Corporation (NYSE American: ACU) today announced that net sales for the three months ended December 31, 2022 were $44.1 million compared to $45.8 million in the same period of 2021, a decrease of 4% (2% in constant currency). Net sales for the year ended December 31, 2022 were $193.9 million compared to $182.1 million in the same period in 2021, an increase of 7% (8% in constant currency). The net loss was $597,000, or ($0.17) per diluted share, for the three months ended December 31, 2022, compared to net income of $2,338,000, or $0.60 per diluted share, for the same period in 2021. Net income for the year ended December 31, 2022 was $3.0 million, or $0.82 per diluted share, compared, on an adjusted basis, to $10.1 million, or $2.57 per diluted share (or $13.7 million, or $3.45 per diluted share, including the impact of the PPP loan forgiveness), for the same period in 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2098/000156459023002988/0001564590-23-002988-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended December 31, 2022"},{"label":"Revenue","value":"$44.1 million"},{"label":"Net income","value":"-$597,000"},{"label":"EPS","value":"($0.17) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"efb565e4b6d48c0a689299813403909619e39318","claim":"ACME UNITED CORP reported year ended December 31, 2022 results: revenue $193.9 million, net income $3.0 million, EPS $0.82 per diluted share.","evidence_excerpt":"Acme United Corporation (NYSE American: ACU) today announced that net sales for the three months ended December 31, 2022 were $44.1 million compared to $45.8 million in the same period of 2021, a decrease of 4% (2% in constant currency). Net sales for the year ended December 31, 2022 were $193.9 million compared to $182.1 million in the same period in 2021, an increase of 7% (8% in constant currency). The net loss was $597,000, or ($0.17) per diluted share, for the three months ended December 31, 2022, compared to net income of $2,338,000, or $0.60 per diluted share, for the same period in 2021. Net income for the year ended December 31, 2022 was $3.0 million, or $0.82 per diluted share, compared, on an adjusted basis, to $10.1 million, or $2.57 per diluted share (or $13.7 million, or $3.45 per diluted share, including the impact of the PPP loan forgiveness), for the same period in 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2098/000156459023002988/0001564590-23-002988-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year ended December 31, 2022"},{"label":"Revenue","value":"$193.9 million"},{"label":"Net income","value":"$3.0 million"},{"label":"EPS","value":"$0.82 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}