ACU Acme United Corp.

Acme United Corp. is engaged in the supply of cutting devices, measuring instruments, and safety products for school, home, office, hardware and industrial use. It offers its products under Camillus, Clauss, Cuda, DMT Sharpeners, First Aid Only, Pac-Kit, Physicianscare, Spill Magic, Westcott and Western brands. The company was founded in 1867 and is headquartered in Fairfield, CT.

Company profile

Ticker

ACU

Exchange

AMEX

Website

www.acmeunited.com

CEO

Walter C. Johnsen

Incorporated in

Connecticut

Location

Connecticut

Fiscal year end

Dec 31

Sector

Consumer Durables > Wholesale Distributors

Industry (SEC)

Cutlery, Handtools & General Hardware

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SEC CIK

0000002098

Corporate docs

Articles of Incorporation & Bylaws

IRS number

60236700

ACU stock data

S&P 500

1M 1Y 2Y 5Y

Calendar

8 May 20

15 Jul 20

31 Dec 20

News

Company financial data Financial data

Chart ACU financial data

Quarter (USD)	Mar 20	Dec 19	Sep 19	Jun 19
Revenue	35.78M	33.87M	37M	40.22M
Net income	1.28M	978K	1.06M	2.67M
Diluted EPS	0.36	0.29	0.3	0.77
Net profit margin	3.57%	2.89%	2.86%	6.64%
Operating income	2.01M	1.4M	1.73M	3.77M
Net change in cash	-2.55M	1.12M	3.77M	-1.87M
Cash on hand	4.27M	6.82M	5.7M	1.92M
Cost of revenue	22.24M	21.58M	23.86M	25.45M

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue	142.46M	137.32M	130.55M	124.57M
Net income	5.51M	4.6M	4.05M	5.85M
Diluted EPS	1.6	1.3	1.09	1.64
Net profit margin	3.87%	3.35%	3.10%	4.70%
Operating income	8.43M	7.46M	7.88M	8.44M
Net change in cash	2.41M	-4.93M	3.43M	3.48M
Cash on hand	6.82M	4.41M	9.34M	5.91M
Cost of revenue	90.46M	86.67M	82.65M	79.02M

Financial data from Acme United earnings reports

Recent insider trades

ACU insider ownership history Insider history

Date	Owner	Security	Transaction	Code	10b5-1	$Price	#Shares	$Value	#Remaining
20 Apr 20	Holden Richmond Y JR	Stock Option Common Stock	Grant	Aquire A	No	21.75	5,000	108.75K	20,000
20 Apr 20	Stevenson E Ward Iii	Stock Option Common Stock	Grant	Aquire A	No	21.75	5,000	108.75K	43,250
20 Apr 20	Davidson Rex Lynn	Stock Option Common Stock	Grant	Aquire A	No	21.75	5,000	108.75K	34,000
20 Apr 20	Barker Brian	Stock Option Common Stock	Grant	Aquire A	No	21.75	5,000	108.75K	9,000
20 Apr 20	Susan H Murphy	Stock Option Common Stock	Grant	Aquire A	No	21.75	5,000	108.75K	43,250

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2020

ACU institutional ownership history Ownership history

61.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	31	38	-18.4%
Opened positions	2	7	-71.4%
Closed positions	9	6	+50.0%
Increased positions	10	10	–
Reduced positions	10	8	+25.0%

13F shares	Current	Prev Q	Change
Total value	41.34M	49.03M	-15.7%
Total shares	2.04M	2.06M	-1.0%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
North Star Investment Management	490.43K	$9.94M	-12.8%
Capital Management	370.21K	$7.5M	+23.4%
Renaissance Technologies	182.84K	$3.71M	+3.9%
Dimensional Fund Advisors	164.15K	$3.33M	+2.2%
Bard Associates	131.16K	$2.66M	-0.8%
TETAB Teton Advisors	127.2K	$2.58M	0.0%
Royce & Associates	122.76K	$2.49M	-4.6%
Vanguard	109.55K	$2.22M	+7.0%
Mork Capital Management	70K	$1.42M	0.0%
FIL	64.17K	$1.3M	-1.5%

Largest transactions	Shares	Bought/sold	Change
North Star Investment Management	490.43K	-72.11K	-12.8%
Capital Management	370.21K	+70.2K	+23.4%
Bridgeway Capital Management	59.11K	+28.1K	+90.6%
First Wilshire Securities Management	0	-26.5K	EXIT
Moors & Cabot	0	-11.39K	EXIT
California Public Employees Retirement System	0	-9.3K	EXIT
N Price T Rowe Associates	0	-9K	EXIT
FMR	24.24K	+8.19K	+51.1%
Vanguard	109.55K	+7.2K	+7.0%
Renaissance Technologies	182.84K	+6.9K	+3.9%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Cintas

Risks

The Company is subject to a number of significant operational risks that might cause the Company’s actual results to vary materially from its forecasts, targets or projections, including:
Because our products are primarily sold by third parties, our financial results depend in part on the financial health of these parties and any loss of a third party distributor could adversely affect the Company’s revenues.
The ability to deliver products to our customers in a timely manner and to satisfy our customers’ fulfillment standards are subject to several factors, some of which are beyond our control.
Reliance on foreign suppliers could adversely affect the Company’s business.
The Company’s operations are increasingly global in nature. Our business, financial condition and results of operations could be adversely affected by the political and economic conditions in the countries in which we conduct business, by fluctuations in currency exchange rates and other factors related to our international operations.
Continuing uncertainty in the global economy could negatively impact our business.
Changes in trade policies, including the imposition of tariffs and their enforcement, may have a material adverse impact on our business, results of operations, and outlook.
The Company’s business is subject to risks associated with seasonality which could adversely affect its cash flow, financial condition, or results of operations.
Failure to manage growth and continue to expand our operations successfully could adversely affect our financial results.
The loss of key management could adversely affect the Company’s ability to run its business.
Execution or the lack thereof, of our e-commerce business may reduce our operating results.
Failure to protect the Company’s proprietary rights or the costs of protecting these rights could adversely affect its business.
The Company is subject to intense competition in all of the markets in which it competes.
The Company may not be able to maintain or to raise prices in response to inflation and increasing costs.
The Company may need to raise additional capital to fund its operations.
Product liability claims or regulatory actions could adversely affect the Company's financial results and reputation.
The Company is subject to environmental regulation and environmental risks.
Our shares of common stock are thinly traded and our stock price may be volatile.

Management Discussion

The Company may from time to time makes written or oral “forward-looking statements” including statements contained in this report and in other communications by the Company, which are made in good faith pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on our beliefs as well as assumptions made by and information currently available to us. When used in this document, words like “may,” “might,” “will,” “except,” “anticipate,” “believe,” “potential,” and similar expressions are intended to identify forward-looking statements. Actual results could differ materially from our current expectations.
Forward-looking statements in this report, including without limitation, statements related to the Company’s plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including those arising as a result of the effects of the global COVID-19 outbreak and measures taken to limit its spread, including the on-going world-wide economic downturn and further actions that may be taken by governmental authorities or by businesses or individuals on their own initiative in response to the pandemic, any of which could adversely impact the Company’s ability to manufacture, source or distribute its products, both domestically and internationally, or reduce demand for its products. These risks and uncertainties further include, without limitation, the following: (i) changes in the Company’s plans, strategies, objectives, expectations and intentions, which may be made at any time at the discretion of the Company; (ii) the impact of uncertainties in global economic conditions, including the impact on the Company’s suppliers and customers; (iii) changes in client needs and consumer spending habits; (iv) the impact of competition and technological changes on the Company; (v) the Company’s ability to manage its growth effectively, including its ability to successfully integrate any business it might acquire; (vi) currency fluctuations; (vii) international trade policies and their impact on demand for our products and our competitive position, including the imposition of new tariffs or changes in existing tariff rates; and (viii) other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.
For a more detailed discussion of these and other factors affecting the Company, see the Risk Factors described in Item 1A included in the Company’s Annual Report on Form 10-K for the fiscal year December 31, 2019 and below under “Financial Condition”. All forward-looking statements in this report are based upon information available to the Company on the date of this report. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

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From filing 10-Q 2020 Q1