Recent Insider Transactions • May 31
President recently sold US$203k worth of stock On the 28th of May, Brian Olschan sold around 5k shares on-market at roughly US$42.00 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Brian has been a net seller over the last 12 months, reducing personal holdings by US$275k. Recent Insider Transactions Derivative • May 26
President exercised options and sold US$278k worth of stock On the 21st of May, Brian Olschan exercised 20.00k options at around US$24.92, then sold 15k of the shares acquired at an average of US$43.21 per share and kept the remainder. Since June 2025, Brian's direct individual holding has increased from 41.21k shares to 46.01k. Company insiders have collectively sold US$2.0m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Apr 24
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: US$0.26 (down from US$0.44 in 1Q 2025). Revenue: US$52.3m (up 14% from 1Q 2025). Net income: US$985.0k (down 40% from 1Q 2025). Profit margin: 1.9% (down from 3.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) missed analyst estimates by 40%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Medical Equipment industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 15
Acme United Corporation to Report Q1, 2026 Results on Apr 23, 2026 Acme United Corporation announced that they will report Q1, 2026 results at 6:30 AM, US Eastern Standard Time on Apr 23, 2026 Announcement • Mar 30
Acme United Corporation, Annual General Meeting, Apr 27, 2026 Acme United Corporation, Annual General Meeting, Apr 27, 2026. Declared Dividend • Mar 15
Fourth quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 25th March 2026 Payment date: 15th April 2026 Dividend yield will be 1.5%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 5.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 42% over the next 2 years. However, it would need to fall by 74% to increase the payout ratio to a potentially unsustainable range. Announcement • Mar 12
Acme United Corporation Declares Cash Dividend on Common Stock, Payable on April 15, 2026 The Board of Directors of Acme United Corporation declared a cash dividend of 16 cents per share on its outstanding common stock. The dividend is payable on April 15, 2026, to stockholders of record on the close of business on March 25, 2026. Buy Or Sell Opportunity • Mar 03
Now 21% undervalued Over the last 90 days, the stock has risen 16% to US$44.08. The fair value is estimated to be US$55.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 9.9% in 2 years. Earnings are forecast to decline by 30% in the next 2 years. Reported Earnings • Feb 27
Full year 2025 earnings released: EPS: US$2.69 (vs US$2.71 in FY 2024) Full year 2025 results: EPS: US$2.69. Revenue: US$196.5m (up 1.1% from FY 2024). Net income: US$10.2m (up 1.6% from FY 2024). Profit margin: 5.2% (in line with FY 2024). Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Medical Equipment industry in the US. Announcement • Feb 19
Acme United Corporation to Report Q4, 2025 Results on Feb 26, 2026 Acme United Corporation announced that they will report Q4, 2025 results at 6:30 AM, US Eastern Standard Time on Feb 26, 2026 Upcoming Dividend • Jan 02
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 06 January 2026. Payment date: 27 January 2026. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (1.7%). Declared Dividend • Dec 19
Third quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 6th January 2026 Payment date: 27th January 2026 Dividend yield will be 1.5%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 5.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 37% over the next 2 years. However, it would need to fall by 74% to increase the payout ratio to a potentially unsustainable range. Announcement • Dec 17
Acme United Corporation Approves Cash Dividend, Payable on January 27, 2026 The Board of Directors of Acme United Corporation declared a cash dividend of 16 cents per share on its outstanding common stock. The dividend is payable on January 27, 2026, to stockholders of record on the close of business on January 6, 2026. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$41.84, the stock trades at a forward P/E ratio of 23x. Average trailing P/E is 30x in the Medical Equipment industry in the US. Total returns to shareholders of 93% over the past three years. Reported Earnings • Oct 21
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: US$0.50 (down from US$0.60 in 3Q 2024). Revenue: US$49.1m (up 1.9% from 3Q 2024). Net income: US$1.90m (down 14% from 3Q 2024). Profit margin: 3.9% (down from 4.6% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.2%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Oct 14
Acme United Corporation to Report Q3, 2025 Results on Oct 21, 2025 Acme United Corporation announced that they will report Q3, 2025 results at 6:30 AM, US Eastern Standard Time on Oct 21, 2025 Declared Dividend • Sep 25
Second quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 3rd October 2025 Payment date: 23rd October 2025 Dividend yield will be 1.5%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 5.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 43% over the next 3 years. However, it would need to fall by 75% to increase the payout ratio to a potentially unsustainable range. Announcement • Sep 19
Acme United Corporation Declares Cash Dividend, Payable on October 23, 2025 The Board of Directors of Acme United Corporation declared a cash dividend of 16 cents per share on its outstanding common stock. The dividend is payable on October 23, 2025, to stockholders of record on the close of business on October 3, 2025. Recent Insider Transactions Derivative • Sep 10
Independent Director exercised options and sold US$58k worth of stock On the 5th of September, Richmond Holden exercised 3k options at a strike price of around US$21.20 and sold these shares for an average price of US$44.36 per share. This trade did not impact their existing holding. Since March 2025, Richmond has owned 15.25k shares directly. Company insiders have collectively sold US$1.5m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Aug 15
Independent Director exercised options and sold US$55k worth of stock On the 13th of August, Richmond Holden exercised 3k options at a strike price of around US$22.66 and sold these shares for an average price of US$44.58 per share. This trade did not impact their existing holding. Since March 2025, Richmond has owned 15.25k shares directly. Company insiders have collectively sold US$1.3m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Jul 24
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: EPS: US$1.26 (up from US$1.21 in 2Q 2024). Revenue: US$54.0m (down 2.6% from 2Q 2024). Net income: US$4.75m (up 6.7% from 2Q 2024). Profit margin: 8.8% (up from 8.0% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) exceeded analyst estimates by 132%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Jul 16
Acme United Corporation to Report Q2, 2025 Results on Jul 23, 2025 Acme United Corporation announced that they will report Q2, 2025 results at 6:30 AM, US Eastern Standard Time on Jul 23, 2025 Declared Dividend • Jun 22
First quarter dividend increased to US$0.16 Dividend of US$0.16 is 6.7% higher than last year. Ex-date: 3rd July 2025 Payment date: 24th July 2025 Dividend yield will be 1.6%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 36% over the next 3 years. However, it would need to fall by 75% to increase the payout ratio to a potentially unsustainable range. Announcement • Jun 19
Acme United Corporation Declares Cash Dividend, Payable on July 24, 2025 The Board of Directors of Acme United Corporation declared a cash dividend of 16 cents per share on its outstanding common stock. The dividend is payable on July 24, 2025, to stockholders of record on the close of business on July 3, 2025. Recent Insider Transactions • Jun 05
President recently sold US$72k worth of stock On the 3rd of June, Brian Olschan sold around 2k shares on-market at roughly US$39.98 per share. This transaction amounted to 4.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$297k. Brian has been a net seller over the last 12 months, reducing personal holdings by US$538k. Recent Insider Transactions • May 20
President recently sold US$297k worth of stock On the 16th of May, Brian Olschan sold around 7k shares on-market at roughly US$39.97 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Brian has been a net seller over the last 12 months, reducing personal holdings by US$425k. Recent Insider Transactions Derivative • Apr 29
President notifies of intention to sell stock Brian Olschan intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 28th of April. If the sale is conducted around the recent share price of US$40.89, it would amount to US$423k. Since June 2024, Brian's direct individual holding has increased from 41.10k shares to 51.44k. Company insiders have collectively sold US$2.2m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Apr 24
President exercised options and sold US$603k worth of stock On the 18th of April, Brian Olschan exercised 45.00k options at around US$23.99, then sold 35k of the shares acquired at an average of US$41.38 per share and kept the remainder. Since June 2024, Brian has owned 41.10k shares directly. Company insiders have collectively sold US$2.2m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Apr 17
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: US$0.44. Revenue: US$46.0m (up 2.2% from 1Q 2024). Net income: US$1.65m (up 1.0% from 1Q 2024). Profit margin: 3.6% (in line with 1Q 2024). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Commercial Services industry in the US. Announcement • Apr 10
Acme United Corporation to Report Q1, 2025 Results on Apr 17, 2025 Acme United Corporation announced that they will report Q1, 2025 results at 9:00 AM, US Eastern Standard Time on Apr 17, 2025 Announcement • Mar 26
Acme United Corporation, Annual General Meeting, Apr 21, 2025 Acme United Corporation, Annual General Meeting, Apr 21, 2025. Declared Dividend • Mar 16
Fourth quarter dividend of US$0.15 announced Dividend of US$0.15 is the same as last year. Ex-date: 26th March 2025 Payment date: 16th April 2025 Dividend yield will be 1.5%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 6.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 34% over the next 3 years. However, it would need to fall by 75% to increase the payout ratio to a potentially unsustainable range. Announcement • Mar 13
Acme United Corporation Declares Cash Dividend, Payable on April 16, 2025 The Board of Directors of Acme United Corporation declared a cash dividend of 15 cents per share on its outstanding common stock. The dividend is payable on April 16, 2025, to stockholders of record on the close of business on March 26, 2025. Recent Insider Transactions Derivative • Mar 05
Chairman of the Board & CEO exercised options and sold US$264k worth of stock On the 28th of February, Walter Johnsen exercised 15k options at a strike price of around US$21.49 and sold these shares for an average price of US$39.09 per share. This trade did not impact their existing holding. For the year to December 2018, Walter's total compensation was 52% salary and 48% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Walter's direct individual holding has increased from 311.94k shares to 315.00k. Company insiders have collectively sold US$1.9m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Mar 02
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: US$2.71 (down from US$4.98 in FY 2023). Revenue: US$194.5m (up 1.6% from FY 2023). Net income: US$10.0m (down 44% from FY 2023). Profit margin: 5.2% (down from 9.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Commercial Services industry in the US. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Feb 21
Acme United Corporation to Report Q4, 2024 Results on Feb 28, 2025 Acme United Corporation announced that they will report Q4, 2024 results at 9:00 AM, Eastern Standard Time on Feb 28, 2025 Upcoming Dividend • Jan 02
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 06 January 2025. Payment date: 27 January 2025. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.5%). Higher than average of industry peers (1.1%). Declared Dividend • Dec 19
Third quarter dividend of US$0.15 announced Dividend of US$0.15 is the same as last year. Ex-date: 6th January 2025 Payment date: 27th January 2025 Dividend yield will be 1.6%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 6.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 70% over the next 2 years. However, it would need to fall by 87% to increase the payout ratio to a potentially unsustainable range. Announcement • Dec 16
Acme United Corporation's Board Approves Cash Dividend, Payable on January 27, 2025 The Board of Directors of Acme United Corporation declared a cash dividend of 15 cents per share on its outstanding common stock. The dividend is payable on January 27, 2025, to stockholders of record on the close of business on January 6, 2025. Recent Insider Transactions • Dec 03
VP, CFO recently sold US$89k worth of stock On the 29th of November, Paul Driscoll sold around 2k shares on-market at roughly US$44.33 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Paul's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Dec 01
VP, CFO notifies of intention to sell stock Paul Driscoll intends to sell 2k shares in the next 90 days after lodging an Intent To Sell Form on the 29th of November. If the sale is conducted around the recent share price of US$44.79, it would amount to US$90k. Since March 2024, Paul's direct individual holding has increased from 48.90k shares to 53.40k. Company insiders have collectively sold US$1.8m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Oct 18
Third quarter 2024 earnings released: EPS: US$0.60 (vs US$0.60 in 3Q 2023) Third quarter 2024 results: EPS: US$0.60. Revenue: US$48.2m (down 4.4% from 3Q 2023). Net income: US$2.23m (up 3.4% from 3Q 2023). Profit margin: 4.6% (up from 4.3% in 3Q 2023). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Commercial Services industry in the US. Announcement • Oct 09
Acme United Corporation to Report Q3, 2024 Results on Oct 18, 2024 Acme United Corporation announced that they will report Q3, 2024 results at 9:00 AM, US Eastern Standard Time on Oct 18, 2024 Declared Dividend • Sep 25
Second quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 4th October 2024 Payment date: 24th October 2024 Dividend yield will be 1.4%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 6.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 43% over the next 3 years. However, it would need to fall by 88% to increase the payout ratio to a potentially unsustainable range. Recent Insider Transactions Derivative • Sep 12
Independent Director exercised options to buy US$214k worth of stock. On the 9th of September, Stevenson Ward exercised 7.50k options at around US$37.92, then sold 2.50k of them at US$43.00 each and kept the remainder. Since March 2024, Stevenson has owned 32.87k shares directly. Company insiders have collectively sold US$2.4m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Sep 04
Chairman of the Board & CEO exercised options and sold US$107k worth of stock On the 30th of August, Walter Johnsen exercised 6.00k options at around US$19.18, then sold 4k of the shares acquired at an average of US$44.09 per share and kept the remainder. For the year to December 2017, Walter's total compensation was 52% salary and 48% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2023, Walter's direct individual holding has increased from 311.94k shares to 323.30k. Company insiders have collectively sold US$2.6m more than they bought, via options and on-market transactions in the last 12 months. New Risk • Aug 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$45.10, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 28x in the Commercial Services industry in the US. Total returns to shareholders of 16% over the past three years. Buy Or Sell Opportunity • Jul 26
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 6.1% to US$43.59. The fair value is estimated to be US$35.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has grown by 7.9%. Recent Insider Transactions Derivative • Jul 25
Chairman of the Board & CEO exercised options and sold US$637k worth of stock On the 22nd of July, Walter Johnsen exercised 40.00k options at around US$16.92, then sold 29k of the shares acquired at an average of US$39.16 per share and kept the remainder. For the year to December 2017, Walter's total compensation was 52% salary and 48% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2023, Walter has owned 311.94k shares directly. Company insiders have collectively sold US$2.5m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Jul 22
Second quarter 2024 earnings released: EPS: US$1.21 (vs US$0.97 in 2Q 2023) Second quarter 2024 results: EPS: US$1.21 (up from US$0.97 in 2Q 2023). Revenue: US$55.4m (up 3.9% from 2Q 2023). Net income: US$4.45m (up 29% from 2Q 2023). Profit margin: 8.0% (up from 6.5% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jul 12
Acme United Corporation to Report Q2, 2024 Results on Jul 19, 2024 Acme United Corporation announced that they will report Q2, 2024 results at 9:00 AM, US Eastern Standard Time on Jul 19, 2024 Declared Dividend • Jun 16
First quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 2nd July 2024 Payment date: 23rd July 2024 Dividend yield will be 1.8%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 6.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 15
Acme United Corporation Approves Cash Dividend, Payable on July 23, 2024 The Board of Directors of Acme United Corporation declared a cash dividend of 15 cents per share on its outstanding common stock. The dividend is payable on July 23, 2024, to stockholders of record on the close of business on July 2, 2024. Recent Insider Transactions Derivative • May 09
President exercised options and sold US$222k worth of stock On the 7th of May, Brian Olschan exercised 10k options at a strike price of around US$21.49 and sold these shares for an average price of US$43.24 per share. This trade did not impact their existing holding. Since June 2023, Brian has owned 41.10k shares directly. Company insiders have collectively sold US$1.8m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Apr 25
President notifies of intention to sell stock Brian Olschan intends to sell 35k shares in the next 90 days after lodging an Intent To Sell Form on the 23rd of April. If the sale is conducted around the recent share price of US$40.05, it would amount to US$1.4m. Since June 2023, Brian has owned 41.10k shares directly. Company insiders have collectively sold US$1.6m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Apr 19
First quarter 2024 earnings released: EPS: US$0.45 (vs US$0.28 in 1Q 2023) First quarter 2024 results: EPS: US$0.45 (up from US$0.28 in 1Q 2023). Revenue: US$45.0m (down 1.9% from 1Q 2023). Net income: US$1.64m (up 65% from 1Q 2023). Profit margin: 3.6% (up from 2.2% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year. Announcement • Apr 13
Acme United Corporation to Report Q1, 2024 Results on Apr 19, 2024 Acme United Corporation announced that they will report Q1, 2024 results at 9:00 AM, US Eastern Standard Time on Apr 19, 2024 Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$46.29, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 28x in the Commercial Services industry in the US. Total returns to shareholders of 25% over the past three years. Announcement • Mar 26
Acme United Corporation, Annual General Meeting, Apr 22, 2024 Acme United Corporation, Annual General Meeting, Apr 22, 2024, at 11:00 US Eastern Standard Time. Agenda: To elect eight (8) directors to serve for a one-year term; to vote upon a proposal to amend the Company's 2022 Employee Stock Option Plan to increase the number of shares authorized to be issued thereunder from 300,000 to 500,000, an increase of 200,000 shares; to vote upon a proposal to amend the 2017 Non-Salaried Director Stock Option Plan to increase the number of shares authorized to be issued thereunder from 110,000 to 165,000, an increase of 55,000 shares; to vote, on a non-binding advisory basis, on the compensation of named executive officers, and to ratify the appointment of Marcum LLP as independent registered public accounting firm for the fiscal year ending December 31, 2024. Declared Dividend • Mar 20
Fourth quarter dividend of US$0.15 announced Shareholders will receive a dividend of US$0.15. Ex-date: 27th March 2024 Payment date: 19th April 2024 Dividend yield will be 1.4%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 7.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 29% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 16
Acme United Corporation Approves Cash Dividend, Payable on April 19, 2024 The Board of Directors of Acme United Corporation declared a cash dividend of 15 cents per share on its outstanding common stock. The dividend is payable on April 19, 2024, to stockholders of record on the close of business on March 28, 2024. Recent Insider Transactions Derivative • Mar 08
Independent Director exercised options and sold US$158k worth of stock On the 4th of March, Richmond Holden exercised 9k options at a strike price of around US$19.23 and sold these shares for an average price of US$37.87 per share. This trade did not impact their existing holding. Since March 2023, Richmond has owned 15.25k shares directly. Company insiders have collectively sold US$1.7m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: US$4.98 (vs US$0.86 in FY 2022) Full year 2023 results: EPS: US$4.98 (up from US$0.86 in FY 2022). Revenue: US$191.5m (down 1.3% from FY 2022). Net income: US$17.8m (up 486% from FY 2022). Profit margin: 9.3% (up from 1.6% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Feb 24
Acme United Corporation to Report Q4, 2023 Results on Mar 01, 2024 Acme United Corporation announced that they will report Q4, 2023 results at 9:00 AM, US Eastern Standard Time on Mar 01, 2024 Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$50.00, the stock trades at a trailing P/E ratio of 29.9x. Average trailing P/E is 26x in the Commercial Services industry in the US. Total returns to shareholders of 63% over the past three years. Upcoming Dividend • Dec 28
Upcoming dividend of US$0.15 per share at 1.3% yield Eligible shareholders must have bought the stock before 04 January 2024. Payment date: 26 January 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (4.5%). In line with average of industry peers (1.2%). Recent Insider Transactions Derivative • Nov 24
Independent Director notifies of intention to sell stock Rex Davidson intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of November. If the sale is conducted around the recent share price of US$37.23, it would amount to US$186k. Since March 2023, Rex has owned 1.23k shares directly. Company insiders have collectively sold US$837k more than they bought, via options and on-market transactions in the last 12 months. Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to US$37.89, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 27x in the Commercial Services industry in the US. Total returns to shareholders of 17% over the past three years. Recent Insider Transactions Derivative • Nov 05
President notifies of intention to sell stock Brian Olschan intends to sell 30k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of November. If the sale is conducted around the recent share price of US$34.76, it would amount to US$1.0m. Since March 2023, Brian's direct individual holding has increased from 39.58k shares to 41.10k. Company insiders have collectively sold US$526k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Nov 02
GSM Holdings, Inc. acquired Camillus and Cuda hunting and fishing product lines from Acme United Corporation (NYSEAM:ACU) for $19.8 million. GSM Holdings, Inc. acquired Camillus and Cuda hunting and fishing product lines from Acme United Corporation (NYSEAM:ACU) for $19.8 million on November 1, 2023. As of November 1, 2023, business of Acme United Corporation reported the revenue of $12 million for the period ended December 31, 2022. The sale will allow us to place an increased focus on our primary product lines. The company intends to use the net proceeds of the sale to pay down approximately $15 million of bank debt. D.A. Davidson & Co. acted as financial advisor to Acme United Corporation.
GSM Holdings, Inc. completed the acquisition of Camillus and Cuda hunting and fishing product lines from Acme United Corporation (NYSEAM:ACU) on November 1, 2023. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$34.76, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 25x in the Commercial Services industry in the US. Total returns to shareholders of 32% over the past three years. Reported Earnings • Oct 23
Third quarter 2023 earnings released: EPS: US$0.60 (vs US$0.018 in 3Q 2022) Third quarter 2023 results: EPS: US$0.60 (up from US$0.018 in 3Q 2022). Revenue: US$50.4m (up 1.3% from 3Q 2022). Net income: US$2.15m (up US$2.09m from 3Q 2022). Profit margin: 4.3% (up from 0.1% in 3Q 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Oct 17
Acme United Corporation to Report Q3, 2023 Results on Oct 23, 2023 Acme United Corporation announced that they will report Q3, 2023 results at 9:00 AM, US Eastern Standard Time on Oct 23, 2023 Announcement • Sep 28
Acme United Corporation (NYSEAM:ACU) acquired Assets of Hawktree Solutions, Inc. for approximately $1 million. Acme United Corporation (NYSEAM:ACU) acquired Assets of Hawktree Solutions, Inc. for approximately $1 million on September 27, 2023.
Acme United Corporation (NYSEAM:ACU) completed the acquisition of Assets of Hawktree Solutions, Inc. on September 27, 2023. Upcoming Dividend • Sep 26
Upcoming dividend of US$0.14 per share at 2.0% yield Eligible shareholders must have bought the stock before 03 October 2023. Payment date: 24 October 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of American dividend payers (5.1%). Higher than average of industry peers (1.4%). Announcement • Sep 21
Acme United Corporation Declares Cash Dividend on Its Outstanding Common Stock, Payable on October 24, 2023 The Board of Directors of Acme United Corporation declared a cash dividend of 14 cents per share on its outstanding common stock. The dividend is payable on October 24, 2023, to stockholders of record on the close of business on October 4, 2023. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to US$31.14, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 26x in the Commercial Services industry in the US. Total returns to shareholders of 41% over the past three years. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$31.63, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 24x in the Commercial Services industry in the US. Total returns to shareholders of 49% over the past three years. Recent Insider Transactions Derivative • Aug 03
President exercised options and sold US$97k worth of stock On the 31st of July, Brian Olschan exercised 7k options at a strike price of around US$15.45 and sold these shares for an average price of US$29.14 per share. This trade did not impact their existing holding. Since March 2023, Brian's direct individual holding has increased from 39.58k shares to 41.10k. Company insiders have collectively sold US$632k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jul 26
President notifies of intention to sell stock Brian Olschan intends to sell 11k shares in the next 90 days after lodging an Intent To Sell Form on the 24th of July. If the sale is conducted around the recent share price of US$26.07, it would amount to US$287k. Since March 2023, Brian's direct individual holding has increased from 39.58k shares to 41.10k. Company insiders have collectively sold US$608k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Jul 21
Second quarter 2023 earnings released: EPS: US$0.97 (vs US$0.78 in 2Q 2022) Second quarter 2023 results: EPS: US$0.97 (up from US$0.78 in 2Q 2022). Revenue: US$53.3m (down 6.1% from 2Q 2022). Net income: US$3.44m (up 26% from 2Q 2022). Profit margin: 6.5% (up from 4.8% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Jul 15
Acme United Corporation to Report Q2, 2023 Results on Jul 21, 2023 Acme United Corporation announced that they will report Q2, 2023 results at 9:00 AM, US Eastern Standard Time on Jul 21, 2023 Upcoming Dividend • Jun 23
Upcoming dividend of US$0.14 per share at 2.2% yield Eligible shareholders must have bought the stock before 30 June 2023. Payment date: 24 July 2023. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of American dividend payers (5.0%). Higher than average of industry peers (1.4%). Announcement • Jun 16
Acme United Corporation Declares Cash Dividend, Payable on July 24, 2023 Acme United Corporation declared a cash dividend of 14 cents per share on its outstanding common stock. The dividend is payable on July 24, 2023, to stockholders of record on the close of business on July 3, 2023. Recent Insider Transactions Derivative • Jun 08
VP, CFO exercised options and sold US$128k worth of stock On the 5th of June, Paul Driscoll exercised 15.00k options at around US$13.75, then sold 11k of the shares acquired at an average of US$24.98 per share and kept the remainder. Since September 2022, Paul's direct individual holding has increased from 41.01k shares to 42.96k. Company insiders have collectively sold US$606k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Apr 28
President notifies of intention to sell stock Brian Olschan intends to sell 29k shares in the next 90 days after lodging an Intent To Sell Form on the 25th of April. If the sale is conducted around the recent share price of US$25.00, it would amount to US$732k. Since September 2022, Brian has owned 39.58k shares directly. Company insiders have collectively sold US$317k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Apr 21
First quarter 2023 earnings released: EPS: US$0.28 (vs US$0.24 in 1Q 2022) First quarter 2023 results: EPS: US$0.28 (up from US$0.24 in 1Q 2022). Revenue: US$45.8m (up 5.8% from 1Q 2022). Net income: US$990.0k (up 19% from 1Q 2022). Profit margin: 2.2% (up from 1.9% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$26.75, the stock trades at a trailing P/E ratio of 31.2x. Average trailing P/E is 23x in the Commercial Services industry in the US. Total returns to shareholders of 38% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of US$0.14 per share at 2.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 21 April 2023. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of American dividend payers (4.6%). Higher than average of industry peers (1.5%). Recent Insider Transactions Derivative • Mar 12
Independent Director notifies of intention to sell stock Rex Davidson intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 7th of March. If the sale is conducted around the recent share price of US$26.16, it would amount to US$131k. Since September 2022, Rex has owned 1.23k shares directly. Company insiders have collectively sold US$304k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: US$0.86 (vs US$3.93 in FY 2021) Full year 2022 results: EPS: US$0.86 (down from US$3.93 in FY 2021). Revenue: US$194.0m (up 6.5% from FY 2021). Net income: US$3.04m (down 78% from FY 2021). Profit margin: 1.6% (down from 7.5% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year. Upcoming Dividend • Dec 29
Upcoming dividend of US$0.14 per share Eligible shareholders must have bought the stock before 05 January 2023. Payment date: 27 January 2023. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (4.5%). Higher than average of industry peers (1.4%). Recent Insider Transactions Derivative • Dec 14
VP, CFO exercised options and sold US$56k worth of stock On the 8th of December, Paul Driscoll exercised 6.50k options at around US$12.01, then sold 5k of the shares acquired at an average of US$24.30 per share and kept the remainder. Since March 2022, Paul's direct individual holding has increased from 36.94k shares to 41.01k. Company insiders have collectively sold US$361k more than they bought, via options and on-market transactions in the last 12 months. 
