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Acme United Reports Second Quarter Sales Increase of 21% and 23% Increase in Earnings Per Share

07/22/2016

Acme United Reports Second Quarter Sales Increase of 21% and 23% Increase in Earnings Per Share

FAIRFIELD, Conn.--(BUSINESS WIRE)--Jul. 22, 2016-- Acme United Corporation (NYSE MKT:ACU) today announced that net sales for the second quarter ended June 30, 2016 were $41.0 million, compared to $34.0 million in the comparable period of 2015, an increase of 21%. Net sales for the six months ended June 30, 2016 were $66.3 million, compared to $56.8 million in the same period in 2015, an increase of 17%.

Net income for the quarter ended June 30, 2016 was $3.3 million, or $0.91 per diluted share, compared to $2.7 million, or $0.74 per diluted share, for the 2015 period, an increase in net income of 21% and an increase of 23% in earnings per share. Net income for the six months ended June 30, 2016 was $3.8 million, or $1.08 per diluted share, compared to $3.1 million, or $0.85 per diluted share, in last year’s comparable period, a 22% increase in net income and 27% in earnings per share.

 

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