Acme United (ACU) Misses Q1 EPS by 7c
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Acme United Corporation Reports Record First Quarter Sales and 33% Increase in Earnings Per Share
April 22, 2016 9:00 AM EDTFAIRFIELD, Conn.--(BUSINESS WIRE)-- Acme United Corporation (NYSE MKT: ACU) today announced that net sales for the quarter ended March 31, 2016 were $25.3 million, compared to $22.8 million in the first quarter of 2015, an increase of 11% (12% in constant currency).
Net income was $565,000 or $.16 per diluted share for the quarter ended March 31, 2016 compared to $436,000 or $.12 per diluted share for the comparable period last year, an increase of 30% in net income and 33% in earnings per share.
On February 1, 2016, the Company acquired the assets of Diamond Machining Technology (DMT) for $7.0 million in cash. DMT is a leader... More
