Acme United Reports 14% Sales Increase And 50% EPS Increase For First Quarter Of 2020
FAIRFIELD, Conn., April 17, 2020 (GLOBE NEWSWIRE) -- Acme United Corporation (NYSE American: ACU) today announced that net sales for the quarter ended March 31, 2020 were $35.8 million compared to $31.4 million in the first quarter of 2019, an increase of 14%.
Acme United’s first quarter 2020 revenues included approximately $1.0 million from the sales of First Aid Central products. The Company acquired the assets of Canadian-based First Aid Central, Inc. on January 7, 2020.
Net income was $1,277,000 or $0.36 per diluted share for the quarter ended March 31, 2020 compared to $807,000, or $0.24 per diluted share, for the comparable period last year, an increase of 58% in net income and 50% in diluted earnings per share.Previous Next