Record Earnings Achieved
Acme United set a quarterly record for earnings with net income of $4.8 million, an increase from $4.5 million in the previous year, and EPS of $1.16 versus $1.09.
Strong Cash Flow and Debt Reduction
The company generated approximately $12 million in free cash flow and reduced bank debt to $23 million from $33 million a year ago.
Growth in Canadian Market
Net sales in local currency for Canada increased 28% in the quarter and 21% for the year-to-date, mainly due to higher sales of first aid products.
Expansion of Production Facilities
Acme purchased a new facility for Spill Magic in Mount Pleasant, Tennessee, for approximately $6 million, which will start production in Q1 2026, allowing for future expansion.
Continued Dividend Payout
The company raised its dividend and expressed confidence in maintaining it, supported by strong cash flow and reduced debt.