secwatch.observer — SEC 8-K summary
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Issuer:     ACME UNITED CORP (ACU)
CIK:        0000002098
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0001564590-23-002988
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acme United Q4 net loss $0.17/share; full-year EPS $0.82 vs adjusted $2.57
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2098/000156459023002988/0001564590-23-002988-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2098/000156459023002988/acu-8k_20230302.htm
  HTML page:      https://secwatch.observer/filing/0001564590-23-002988

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer