Recent Updates — ACU

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.

Acme United Corporation reported second quarter 2026 net sales of $62.7 million, a 16% increase over the prior year, and net income of $5.1 million, or $1.22 per diluted share. For the first half of 2026, net sales reached $115.0 million, while net income decreased 6% to $6.0 million. The company entered into a new $65 million syndicated credit facility with HSBC Bank USA and City National Bank on July 15, 2026. Growth was driven by the acquisition of My Medic and strong performance in the U.S. and European segments. Acme United is a worldwide supplier of safety solutions and cutting technology for various markets.

On July 15, 2026, Acme United Corporation entered into a new $65 million syndicated credit facility with HSBC Bank USA and City National Bank, replacing a prior $65 million facility. The agreement expires July 15, 2029, and is secured by a first-priority lien on substantially all company assets. Interest is based on Term SOFR plus a margin of 2.00% to 2.75% depending on the Net Funded Debt to EBITDA ratio. The facility includes quarterly financial covenants: a maximum Net Funded Debt to EBITDA ratio of 3.75 to 1.00 and a minimum Fixed Charge Coverage Ratio of 1.10 to 1.00. The opening balance was $28.5 million to pay off the previous facility. The company provides a wide range of safety and cutting tools for consumer and industrial markets.