Acme United Reports 39% Increase in Earnings Per Share for First Quarter of 2024 [Yahoo! Finance]
Acme United Corporation. (ACU)
NASDAQ:AMEX Investor Relations:
acmeunited.gcs-web.com/investor-overview
Company Research
Source: Yahoo! Finance
March 31, 2024 were $45.0 million compared to $45.8 million for the quarter ended March 31, 2023, a decrease of 2%. Excluding the impact of the Camillus and Cuda hunting and fishing product lines sold on November 1, 2023, sales for the first quarter of 2024 increased 1% compared to the first quarter of 2023. Net income was $1.6 million, or $0.39 per diluted share, for the quarter ended March 31, 2024, compared to $1.0 million, or $0.28 per diluted share, for the comparable period last year, an increase of 65% in net income and 39% in diluted earnings per share. Chairman and CEO Walter C. Johnsen said, “Acme United had very strong earnings in the first quarter due to productivity improvements in manufacturing and distribution. We also experienced reduced inbound shipping costs and lowered our selling and general expenses.” Mr. Johnsen added, “Although the sale of our Cuda and Camillus lines in November reduced revenues, we are generating new revenues under initiatives in our prin
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News
- Acme United Corporation (AMEX:ACU) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Acme United: The Past Year Worked Out Well, An Upgrade Is Warranted [Seeking Alpha]Seeking Alpha
- Acme United Reports 39% Increase in Earnings Per Share for First Quarter of 2024GlobeNewswire
- Acme United to Release First Quarter 2024 Financial Results on April 19, 2024GlobeNewswire
- Acme United Co. (NYSE: ACU) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
ACU
Earnings
- 4/19/24 - Beat
ACU
Analyst Actions
- 2/15/24 - TheStreet
ACU
Sec Filings
- 4/24/24 - Form 8-K
- 4/23/24 - Form 144
- 4/19/24 - Form 8-K
- ACU's page on the SEC website