Acme United (ACU) Misses Q1 EPS by 18c
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Acme United Reports 6% Sales Increase and 27% EPS Increase for First Quarter of 2023
April 21, 2023 9:00 AM EDTSHELTON, Conn., April 21, 2023 (GLOBE NEWSWIRE) -- Acme United Corporation (NYSE American: ACU) today announced that net sales for the quarter ended March 31, 2023 were $45.8 million compared to $43.3 million for the quarter ended March 31, 2022, an increase of 6%.
Net income was $990,000, or $0.28 per diluted share, for the quarter ended March 31, 2023, compared to $830,000, or $0.22 per diluted share, for the comparable period last year, an increase of 19% in net income and 27% in diluted earnings per share.
Chairman and CEO Walter C. Johnsen said, We are successfully executing our growth and productivity plans. Our net... More
