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Acme United Reports 9% Sales Increase, And 65% Net Income And EPS Increase For Fourth Quarter Of 2019

02/27/2020

Acme United Reports 9% Sales Increase, And 65% Net Income And EPS Increase For Fourth Quarter Of 2019

FAIRFIELD, Conn., Feb. 27, 2020 (GLOBE NEWSWIRE) -- Acme United Corporation (NYSE American: ACU) today announced that net sales for the fourth quarter ended December 31, 2019 were $33.9 million, compared to $31.1 million in the comparable period of 2018, an increase of 9%. Net sales for the year ended December 31, 2019 were $142.5 million, compared to $137.3 million in 2018, an increase of 4%.

Net income for the quarter ended December 31, 2019 was $977,000, or $0.28 per diluted share, compared to $591,000, or $0.17 per diluted share, an increase of 65% for both net income and earnings per share.  Net income for the year ended December 31, 2019 was $5.5 million, or $1.60 per diluted share, compared to $4.6 million, or $1.30 per diluted share in 2018, increases of 20% and 23%, respectively. 

https://acmeunited.gcs-web.com/news-releases/news-release-details/acme-united-reports-9-sales-increase-and-65-net-income-and-eps

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