Acme United (ACU) Misses Q4 EPS by 30c

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Go back to Acme United (ACU) Misses Q4 EPS by 30c

Acme United Reports Fourth Quarter 2022 Results

March 2, 2023 9:00 AM EST

SHELTON, Conn., March 02, 2023 (GLOBE NEWSWIRE) -- Acme United Corporation (NYSE American: ACU) today announced that net sales for the three months ended December 31, 2022 were $44.1 million compared to $45.8 million in the same period of 2021, a decrease of 4% (2% in constant currency). Net sales for the year ended December 31, 2022 were $193.9 million compared to $182.1 million in the same period in 2021, an increase of 7% (8% in constant currency).

The net loss was $597,000, or ($0.17) per diluted share, for the three months ended December 31, 2022, compared to net income of $2,338,000, or $0.60 per diluted share, for the same period in... More