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Acme United Corporation. (ACU)
NYSE MKT:ACU
Holding ACU?
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.49Last Year’s EPS
$0.4Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 18, 2024
|% Change Since: -13.45%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with positive developments in specific product lines and strategic initiatives, but overall sales declines and market challenges, especially in the industrial segment, were concerning.Company Guidance
During the third quarter of 2024 earnings call for Acme United Corporation, key financial metrics revealed a 4% decrease in sales, totaling $48.2 million compared to $50.4 million in the same quarter of 2023. Despite this, net income rose by 3% to $2.2 million, although earnings per share decreased from $0.58 to $0.54, reflecting a 7% drop. Excluding the sold Cuda and Camillus businesses, sales increased by 4%. The gross margin slightly dipped to 38.5% from 38.7% the previous year, while SG&A expenses accounted for 32% of sales, marginally up from 31%. Interest expenses decreased due to a reduction in average debt, and the company generated $6.2 million in free cash flow. Sales in Europe, excluding Camillus and Cuda, grew by 15% in local currency, driven by market share gains, while Canada saw a 6% decline. The company highlighted strategic shifts, including relocating some production from China to Southeast Asia and expanding its product line with new innovations in first aid kits and cutting tools.Net Income Increase
Net income for the third quarter of 2024 was $2.23 million, an increase of 3% compared to the same period in 2023.
Growth in Specific Segments
The Westcott cutting tool business and DMT sharpeners increased 10% in the quarter due to market share gains.
Introduction of SmartCompliance Kits
Introduced new SmartCompliance first aid kits with RFID technology for real-time monitoring and automated replenishment.
Debt Reduction
The company's bank debt less cash was reduced to $27 million compared to $38 million a year ago.
Productivity Improvements
Gross margin for the first 9 months of 2024 increased to 39.4% from 37.3% in 2023, attributed to productivity improvements.
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ACU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ACU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 18, 2024 | $43.78 | $41.20 | -5.89% |
| Jul 19, 2024 | $36.92 | $38.34 | +3.85% |
| Apr 19, 2024 | $42.67 | $38.27 | -10.31% |
| Mar 01, 2024 | $46.97 | $43.67 | -7.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Acme United Corporation. (ACU) report earnings?
Acme United Corporation. (ACU) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Acme United Corporation. (ACU) earnings time?
Acme United Corporation. (ACU) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ACU EPS forecast?
ACU EPS forecast for the fiscal quarter 2024 (Q4) is $0.49.
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