Acme United (ACU) Misses Q1 EPS by 1c

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Go back to Acme United (ACU) Misses Q1 EPS by 1c

Acme United Corporation Reports 19% Increase in Sales and 18% Increase in Net Income for First Quarter

April 17, 2015 9:00 AM EDT

FAIRFIELD, Conn.--(BUSINESS WIRE)-- Acme United Corporation (NYSE MKT: ACU) today announced that net sales for the quarter ended March 31, 2015 were $22.8 million, compared to $19.2 million in the first quarter of 2014, an increase of 19% (21% in constant currency).

Net income was $436,000 or $.12 per diluted share for the quarter ended March 31, 2015 compared to $368,000 or $.11 per diluted share for the comparable period last year, an increase of 18% in net income and 9% in earnings per share.

Net sales for the first quarter of 2015 in the U.S. segment increased 25% compared to the same period in... More