Earnings ·
Reports Q3 net income of $3.4M, or $0.80 per diluted share, on sales up 18% to $58.0 million
ACUAcme United Corp
Acme United reported third-quarter 2026 net income of $3.4 million, or $0.80 per diluted share, compared to $1.9 million, or $0.46 per diluted share, in the prior-year period. Net sales increased 18% to $58.0 million from $49.1 million, driven by strong back-to-school demand and contributions from the My Medic acquisition. Excluding My Medic, comparable three-month sales grew 10%. Gross margin expanded to 45.3% from 39.1%, aided by a $4.0 million tariff refund recognized as a cost reduction, partially offset by $1.8 million in costs related to closing the DMT sharpening facility. The company also noted that transportation and raw material costs are rising but expects annual savings of more than $1.0 million from the DMT plant closure in 2027. Acme United Corporation is a leading worldwide supplier of innovative safety solutions and cutting technology.