ACME UNITED CORP ACU
Acme United Corporation, a Connecticut corporation (together, with its subsidiaries, the "Company"), is a leading worldwide supplier of innovative first aid and medical products and cutting technology to the school, home, office, hardware, sporting goods and industrial markets. Its principal products sold across all segments are first aid kits and medical products, scissors, shears, knives, and sharpening tools. The Company sells its products primarily to mass market and e-commerce retailers, industrial distributors, wholesale, contract and retail stationery distributors, office supply superstores, sporting goods stores, and hardware chains.
The Company's operations are in the United States, Canada, Europe (located in Germany) and Asia (located in Hong Kong and China). The operations in the United States, Canada and Europe are primarily involved in product development, marketing, sales, administrative, manufacturing and distribution activities. The operations in Asia consist of sourcing, product development, production planning, quality control and sales activities. Total net sales in 2025 were $196.5 million. The Company was organized as a partnership in l867 and incorporated in l882 under the laws of the State of Connecticut.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $196.5M | $194.5M | $191.5M | $194.0M | $182.1M | $164.0M | $142.5M | $137.3M | $130.6M | $124.6M |
| Cost of revenue | $119.1M | $118.1M | $119.3M | $130.4M | $117.3M | $104.4M | $90.5M | $86.7M | $82.7M | $79.0M |
| Gross profit | $77.4M | $76.4M | $72.2M | $63.6M | $64.8M | $59.6M | $52.0M | $50.6M | $47.9M | $45.6M |
| R&D | — | — | — | — | — | $251.0K | $596.0K | $734.0K | $752.0K | $750.0K |
| SG&A | $62.7M | $62.2M | $59.0M | $57.3M | $52.0M | $48.2M | $43.6M | $43.2M | $40.0M | $37.1M |
| Operating income | $14.7M | $14.1M | $13.2M | $6.3M | $12.8M | $11.4M | $8.4M | $7.5M | $7.9M | $8.4M |
| Interest expense | — | — | $3.0M | $2.4M | $908.2K | $919.7K | $1.8M | $1.9M | $1.3M | $868.5K |
| Pre-tax income | $13.1M | $12.3M | $22.7M | $3.7M | $15.2M | $9.8M | $6.5M | $5.5M | $6.5M | $7.5M |
| Income tax | $2.9M | $2.3M | $4.9M | $627.7K | $1.5M | $1.7M | $1.0M | $932.9K | $2.4M | $1.6M |
| Net income | $10.2M | $10.0M | $17.8M | $3.0M | $13.7M | $8.1M | $5.5M | $4.6M | $4.1M | $5.9M |
| EPS, basic | 2.69 | 2.71 | 4.98 | 0.86 | 3.93 | 2.42 | 1.65 | 1.36 | 1.21 | 1.76 |
| EPS, diluted | 2.49 | 2.45 | 4.86 | 0.82 | 3.45 | 2.31 | 1.60 | 1.30 | 1.09 | 1.64 |
| Shares, diluted (wtd. avg.) | $4.1M | $4.1M | $3.7M | $3.7M | $4.0M | $3.5M | $3.5M | $3.5M | $3.7M | $3.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $3.6M | $6.4M | $5.5M | $7.6M | $4.8M | $4.2M | $6.8M | $4.4M | $9.3M | $5.9M |
| Receivables | $29.1M | $28.2M | $26.2M | $32.6M | $34.2M | $27.2M | $25.5M | $25.1M | $26.0M | $20.0M |
| Inventory | $59.9M | $56.3M | $55.5M | $63.3M | $53.6M | $50.7M | $39.3M | $41.3M | $40.1M | $37.2M |
| Total current assets | $96.2M | $95.5M | $92.0M | $105.6M | $95.3M | $83.7M | $73.1M | $73.0M | $77.8M | $65.0M |
| Property, plant and equipment | $38.5M | $31.7M | $28.0M | $26.4M | $24.0M | $20.2M | $14.0M | $14.5M | $13.7M | $8.0M |
| Goodwill | $9.9M | $9.9M | $8.2M | $8.2M | $4.8M | $4.8M | $4.7M | $4.7M | $4.7M | $3.9M |
| Other intangibles | $19.5M | $20.3M | $19.0M | $20.8M | $17.2M | $18.7M | $15.8M | $17.0M | $17.9M | $14.0M |
| Total assets | $171.0M | $162.2M | $149.2M | $164.4M | $144.4M | $129.9M | $110.7M | $109.5M | $114.7M | $92.1M |
| Accounts payable | $8.1M | $9.0M | $12.1M | $10.5M | $9.0M | $7.6M | $6.7M | $8.0M | $11.2M | $7.3M |
| Total current liabilities | $22.9M | $22.9M | $26.0M | $22.1M | $20.3M | $20.2M | $16.6M | $13.4M | $16.8M | $12.8M |
| Long-term debt | $11.9M | $17.6M | $13.1M | $49.9M | $33.0M | $38.8M | $33.2M | $40.3M | $43.5M | $32.9M |
| Total liabilities | $53.4M | $55.2M | $51.3M | $85.3M | $67.4M | $67.2M | $55.0M | $57.1M | $64.8M | $45.9M |
| Retained earnings | $102.3M | $94.5M | $86.7M | $71.0M | $69.9M | $58.0M | $51.6M | $47.5M | $44.5M | $41.9M |
| Total equity | $117.6M | $107.0M | $97.9M | $79.0M | $77.1M | $62.7M | $55.7M | $52.3M | $49.9M | $46.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $18.2M | $12.0M | $28.9M | $2.9M | $5.1M | $5.7M | $14.7M | $4.5M | $4.8M | $8.9M |
| Depreciation and amortisation | $3.8M | $3.5M | $3.0M | $2.8M | $2.6M | $2.4M | $2.2M | $2.0M | $1.7M | $1.5M |
| Stock-based compensation | $2.0M | $2.2M | $1.9M | $1.8M | $1.8M | $1.3M | $968.5K | $869.1K | $684.4K | $440.5K |
| Capital expenditure | $10.7M | $7.1M | $4.7M | $4.3M | $6.4M | $2.6M | $1.7M | $2.9M | $3.1M | $1.8M |
| Investing cash flow | -$12.3M | -$12.9M | $7.4M | -$14.2M | -$6.4M | -$14.0M | -$1.7M | -$3.2M | -$14.4M | -$8.8M |
| Financing cash flow | -$8.9M | $2.0M | -$38.4M | $14.3M | $2.0M | $5.3M | -$10.6M | -$6.1M | $12.9M | $3.5M |
| Dividends paid | $2.3M | $2.2M | $2.0M | $1.9M | $1.8M | $1.6M | $1.6M | $1.5M | $1.4M | $1.3M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-102079.
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