Acme United (ACU) Reports Q3 EPS of $0.46

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Acme United Reports 17% Sales Increase and 49% Net Income Increase for Third Quarter of 2020

October 21, 2020 9:00 AM EDT

FAIRFIELD, Conn., Oct. 21, 2020 (GLOBE NEWSWIRE) -- Acme United Corporation (NYSE American: ACU) today announced that net sales for the quarter ended September 30, 2020 were $43.3 million compared to $37.0 million in the third quarter of 2019, an increase of 17%. Net sales for the nine months ended September 30, 2020 were $123.1 million, compared to $108.6 million in the same period in 2019, an increase of 13%.

Acme Uniteds revenues in the third quarter and nine months ended September 30, 2020 included approximately $1.2 million and $3.3 million, respectively, from the sales of First Aid Central products. The Company acquired the assets of Canadian-based First Aid... More