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Acme United Reports 10% Net Income Increase And 15% Diluted EPS Increase For Second Quarter Of 2019

07/19/2019

Shears Color

FAIRFIELD, Conn., July 19, 2019 (GLOBE NEWSWIRE) -- Acme United Corporation (NYSE American: ACU) today announced that net sales for the three months ended June 30, 2019 were $40.2 million, compared to $39.8 million in the same period of 2018, an increase of 1%, or 2% in constant currency. Net sales for the six months ended June 30, 2019 were $71.6 million, compared to $71.5 million in the same period in 2018, a 1% increase in constant currency.

Net income for the three months ended June 30, 2019 was $2.7 million, or $0.77 per diluted share, compared to $2.4 million, or $0.67 per diluted share, for the same period in 2018, increases of 10% and 15%, respectively. Net income for the six months ended June 30, 2019 was $3.5 million, or $1.01 per diluted share, compared to $3.2 million, or $0.88 per diluted share, in last year’s same period, increases of 9% and 15%, respectively. 

https://acmeunited.gcs-web.com/news-releases/news-release-details/acme-united-reports-10-net-income-increase-and-15-diluted-eps

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