Acme United (ACU) Reports Q2 EPS of $0.75, Reaffirms Guidance

Acme United (NYSE: ACU) reported Q2 EPS of $0.75, versus $0.91 reported last year. Revenue for the quarter came in at $38.8 million, versus $41 million reported last year.

Chairman and CEO Walter C. Johnsen commented, “Although our sales in the second quarter were below last year’s, we see a strong second half of 2017 and a robust full year. Online sales of our back to school products have grown substantially, and the different timing of shipments appears to have shifted revenues from the second quarter of 2017 to the third quarter. We also had a large promotion during the second quarter of last year that did not repeat, but we have promotions scheduled for later this year that we expect to more than compensate for this differential.

“Accordingly, we are reaffirming the Company’s guidance for 2017 of $137 million in revenues, $6.7 million net income, and $1.76 earnings per share.”

For earnings history and earnings-related data on Acme United (ACU) click here.

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