ACME UNITED CORP
For the period ended Apr 17, 2025. Filed Apr 17, 2025.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Apr 17, 2025 · Filed Apr 17, 2025
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Contents
EX-99.1 · Forward Looking Statements
Forward Looking Statements
The Company may from time to time make written or oral “forward-looking statements” including statements contained in this report and in other communications by the Company, which are made in good faith pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on our beliefs as well as assumptions made by and information currently available to us. When used in this document, words like “may,” “might,” “will,” “except,” “anticipate,” “believe,” “potential,” and similar expressions are intended to identify forward-looking statements. Actual results could differ materially from our current expectations.
Forward-looking statements in this report, including without limitation, statements related to the Company’s plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties that may impact the Company’s business, operations and financial results.
These risks and uncertainties include, without limitation, the following: (i) changes in the Company’s plans, strategies, objectives, expectations and intentions, which may be made at any time at the discretion of the Company; (ii) the impact of uncertainties in global economic conditions, including the impact on the Company’s suppliers and customers; (iii) international trade policies and their impact on demand for our products and our competitive position, including the imposition of new tariffs or changes in existing tariff rates by the United States or foreign governments; (iv) the continuing adverse impact of inflation, including product costs, and interest rates; (v) potential adverse effects on the Company, its customers, and suppliers resulting from the conflicts in Ukraine and the Middle East; (vi) additional disruptions in the Company’s supply chains, whether caused by pandemics, natural disasters, including trucker shortages, strikes, port closures or otherwise; (vii) labor related costs the Company has and may continue to incur, including costs of acquiring and training new employees and rising wages and benefits; (viii) currency fluctuations; (ix) the Company’s ability to effectively manage its inventory in a rapidly changing business environment; (x) changes in client needs and consumer spending
Ex 99.1
habits; (xi) the impact of competition; (xii) the impact of technological changes including, specifically, the growth of online marketing and sales activity; and (xiii) the Company’s ability to manage its growth effectively, including its ability to successfully integrate any business it might acquire; and (xiv) other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.
Ex 99.1
| ACME UNITED CORPORATION | ||||
|---|---|---|---|---|
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME | ||||
| FIRST QUARTER REPORT 2025 | ||||
| (Unaudited) | ||||
| Quarter Ended · Quarter Ended | ||||
| Amounts in 000's except per share data · March 31, 2025 · March 31, 2024 | ||||
| Net sales | $ | 45,958 | $ | 44,956 |
| Cost of goods sold | 28,041 | 27,560 | ||
| Gross profit | 17,917 | 17,396 | ||
| Selling, general and administrative expenses | 15,491 | 14,838 | ||
| Operating income | 2,426 | 2,558 | ||
| Interest expense | 426 | 476 | ||
| Interest income | (29) | (33) | ||
| Net interest expense | 397 | 443 | ||
| Other income, net | (90) | (44) | ||
| Income before income tax expense | 2,119 | 2,159 | ||
| Income tax expense | 466 | 523 | ||
| Net income | $ | 1,653 | $ | 1,636 |
| Shares outstanding - basic | 3,754 | 3,650 | ||
| Shares outstanding - diluted | 4,065 | 4,213 | ||
| Earnings per share - basic | $ | 0.44 | $ | 0.45 |
| Earnings per share - diluted | 0.41 | 0.39 | ||
Ex 99.1
| ACME UNITED CORPORATION | ||||
|---|---|---|---|---|
| CONDENSED CONSOLIDATED BALANCE SHEETS | ||||
| FIRST QUARTER REPORT 2025 | ||||
| (Unaudited) | ||||
| Amounts in $000's | ||||
| March 31, 2025 · March 31, 2024 | ||||
| Assets | ||||
| Current assets: | ||||
| Cash and cash equivalents | $ | 3,446 | $ | 2,443 |
| Accounts receivable, net | 30,814 | 32,966 | ||
| Inventories | 57,274 | 56,887 | ||
| Prepaid expenses and other current assets | 5,311 | 6,107 | ||
| Total current assets | 96,845 | 98,403 | ||
| Property, plant and equipment, net | 32,153 | 28,863 | ||
| Operating lease right of use asset | 4,443 | 5,530 | ||
| Intangible assets, less accumulated amortization | 19,690 | 18,396 | ||
| Goodwill | 9,908 | 8,189 | ||
| Total assets | $ | 163,039 | $ | 159,381 |
| Liabilities and stockholders' equity | ||||
| Current liabilities: | ||||
| Accounts payable | $ | 7,433 | $ | 7,907 |
| Operating lease liability - short term | 1,533 | 1,577 | ||
| Mortgage payable - short term | 441 | 424 | ||
| Other current liabilities | 10,662 | 11,930 | ||
| Total current liabilities | 20,069 | 21,838 | ||
| Long-term debt | 20,428 | 23,294 | ||
| Mortgage payable - long term | 9,769 | 10,179 | ||
| Operating lease liability - long term | 3,012 | 4,063 | ||
| Other non-current liabilities | 1,480 | 915 | ||
| Total liabilities | 54,758 | 60,289 | ||
| Total stockholders' equity | 108,281 | 99,092 | ||
| Total liabilities and stockholders' equity | $ | 163,039 | $ | 159,381 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.