Acme United Corporation reported a 10% increase in net sales for Q4 2024, reaching $45.9 million, compared to the previous year’s $41.9 million. The company also reported a 9% increase in net income for Q4 and a 23% increase for the year, despite the sale of its Camillus and Cuda product lines.
Key financial metrics showed a 2% increase from 2023, with net sales reaching $194.5 million. The U.S. segment saw a 12% increase, while European sales grew by 5%. Canadian sales declined due to a soft economy.
Acme United’s strategic acquisition of Elite First Aid in May 2024 has fully integrated, contributing to growth. The acquisition is expected to enhance the company’s first responder kits and supplies offerings, with plans to expand distribution and sales in 2025.
The company maintains strong liquidity, positioning itself for further acquisitions and growth. Acme United’s management remains optimistic about the company’s future, emphasizing its strong financial position and strategic initiatives.
Source: Tip Ranks
Source: Yahoo Finance
Source: Acme United
