Acme United (ACU) Tops Q1 EPS by 3c, Revenues Beat

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Go back to Acme United (ACU) Tops Q1 EPS by 3c, Revenues Beat

Acme United Reports 14% Sales Increase and 50% EPS Increase for First Quarter of 2020

April 17, 2020 9:00 AM EDT

FAIRFIELD, Conn., April 17, 2020 (GLOBE NEWSWIRE) -- Acme United Corporation (NYSE American: ACU) today announced that net sales for the quarter ended March 31, 2020 were $35.8 million compared to $31.4 million in the first quarter of 2019, an increase of 14%.

Acme Uniteds first quarter 2020 revenues included approximately $1.0 million from the sales of First Aid Central products.  The Company acquired the assets of Canadian-based First Aid Central, Inc. on January 7, 2020.

Net income was $1,277,000 or $0.36 per diluted share for the quarter ended March 31, 2020 compared to $807,000, or $0.24 per diluted share, for... More