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
Website
CEO
Walter C. Johnsen
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
SEC CIK
Corporate docs
IRS number
60236700
Calendar
13 Mar 20
3 Apr 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|
| Revenue | 33.87M | 37M | 40.22M | 31.37M | |
| Net income | 978K | 1.06M | 2.67M | 807K | |
| Diluted EPS | 0.29 | 0.3 | 0.77 | 0.24 | |
| Net profit margin | 2.89% | 2.86% | 6.64% | 2.57% | |
| Operating income | 1.4M | 1.73M | 3.77M | 1.53M | |
| Net change in cash | 1.12M | 3.77M | -1.87M | -611.04K | |
| Cash on hand | 6.82M | 5.7M | 1.92M | 3.8M | |
| Cost of revenue | 21.58M | 23.86M | 25.45M | 19.57M |
| 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
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 5 Mar 20 | Driscoll Paul G | Common Stock | Sale back to company | Dispose D | 23.78 | 7,500 | 178.35K | 31,940 |
| 5 Mar 20 | Driscoll Paul G | Employee Stock Option Common Stock | Option exercise | Dispose M | 10.1 | 7,500 | 75.75K | 153,800 |
| 5 Mar 20 | Driscoll Paul G | Common Stock | Option exercise | Aquire M | 10.1 | 7,500 | 75.75K | 39,440 |
| 4 Mar 20 | Olschan Brian S | Common Stock | Sale back to company | Dispose D | 23.75 | 15,400 | 365.75K | 39,576 |
| 4 Mar 20 | Olschan Brian S | Common Stock | Option exercise | Aquire M | 10.02 | 15,400 | 154.31K | 54,976 |
| 4 Mar 20 | Olschan Brian S | Employee Stock Option Common Stock | Option exercise | Dispose M | 10.02 | 15,400 | 154.31K | 302,700 |
| 3 Mar 20 | Stevenson E Ward Iii | Common Stock | Option exercise | Aquire M | 11.63 | 4,500 | 52.34K | 20,200 |
| 3 Mar 20 | Stevenson E Ward Iii | Employee Stock Option Common Stock | Option exercise | Dispose M | 11.63 | 4,500 | 52.34K | 38,250 |
| 2 Mar 20 | Stevenson E Ward Iii | Common Stock | Sale back to company | Dispose D | 23.59 | 4,500 | 106.16K | 15,700 |
| 2 Mar 20 | Susan H Murphy | Common Stock | Sale back to company | Dispose D | 23.22 | 4,500 | 104.49K | 8,406 |
Institutional ownership Q4 2019
61.5% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 38 |
| Opened positions | 7 |
| Closed positions | 6 |
| Increased positions | 10 |
| Reduced positions | 8 |
13F shares |
Current |
|---|---|
| Total value | 49.03M |
| Total shares | 2.06M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| North Star Investment Management | 562.54K | $13.38M |
| Capital Management | 300.01K | $7.14M |
| Renaissance Technologies | 175.94K | $4.19M |
| Dimensional Fund Advisors | 160.55K | $3.82M |
| Bard Associates | 132.21K | $3.15M |
| Royce & Associates | 128.66K | $3.06M |
| TETAB Teton Advisors | 127.2K | $3.03M |
| Vanguard | 102.35K | $2.44M |
| Mork Capital Management | 70K | $1.67M |
| FIL | 65.18K | $1.55M |
Financial report summary
?Competition
CintasRisks
- 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
- Traditionally, the Company’s sales are stronger in the second and third quarters and weaker in the first and fourth quarters of the fiscal year, due to the seasonal nature of the back-to-school market.
Content analysis
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
8th grade Avg
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New words:
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Removed:
achieved, Ana, Assuming, attributable, authority, benchmark, broken, century, cloud, combined, commitment, constant, contributor, creativity, cumulative, customized, defense, defining, depict, disposed, dry, emergency, encapsulate, Excluding, fulfill, gas, improving, insight, Johnson, label, Maped, marine, modified, oil, permanently, permitted, prompt, recreational, reflecting, reinvested, remove, rent, rental, requiring, retrospective, safely, Santa, Smyrna, speed, Staedtler, standard, superior, travel
Financial reports
10-K
2019 FY
Annual report
13 Mar 20
10-Q
2019 Q3
Quarterly report
7 Nov 19
10-Q
2019 Q2
Quarterly report
7 Aug 19
10-Q
2019 Q1
Quarterly report
9 May 19
10-K
2018 FY
Annual report
15 Mar 19
10-Q
2018 Q3
Quarterly report
9 Nov 18
10-Q
2018 Q2
Quarterly report
9 Aug 18
10-Q
2018 Q1
Quarterly report
10 May 18
10-K
2017 FY
Annual report
15 Mar 18
10-Q
2017 Q3
Quarterly report
9 Nov 17
Current reports
8-K
Acme United Announces Change to Virtual 2020 Annual Meeting of Shareholders
24 Mar 20
8-K
Results of Operations and Financial Condition
27 Feb 20
8-K
Acme United Corporation Acquires Assets of First Aid Central
8 Jan 20
8-K
Acme United Corporation Board Approves New Stock Buyback Program
14 Nov 19
8-K
Acme United Reports 7% Net Sales Increase and 30% Diluted Eps Increase for Third Quarter of 2019
18 Oct 19
8-K
Acme United Reports 10% Net Income Increase and 15% Diluted Eps Increase for Second Quarter of 2019
19 Jul 19
8-K
Submission of Matters to a Vote of Security Holders
23 Apr 19
8-K
Acme United Reports 14% Diluted Eps Increase and 12% Operating Profit Increase for First Quarter of 2019
18 Apr 19
8-K
Acme United Reports 3% Sales Increase, 39% Operating Profit Increase and 6% Eps Increase for Fourth Quarter of 2018
28 Feb 19
8-K
Results of Operations and Financial Condition
19 Oct 18
Registration and prospectus
S-8
Registration of securities for employees
31 Aug 18
S-8
Registration of securities for employees
31 Aug 17
S-8
Registration of securities for employees
17 Aug 15
S-8
Registration of securities for employees
18 Aug 14
S-8
Registration of securities for employees
14 Aug 13
S-8
Registration of securities for employees
16 Aug 12
S-8
Registration of securities for employees
12 Aug 11
S-8
Registration of securities for employees
12 Aug 10
S-8
Registration of securities for employees
17 Aug 09
S-8
Registration of securities for employees
16 Aug 07
Proxies
DEFA14A
Additional proxy soliciting materials
20 Mar 20
DEF 14A
Definitive proxy
20 Mar 20
DEF 14A
Definitive proxy
20 Mar 19
DEF 14A
Definitive proxy
21 Mar 18
DEF 14A
Definitive proxy
22 Mar 17
DEF 14A
Definitive proxy
21 Mar 16
DEF 14A
Definitive proxy
20 Mar 15
DEF 14A
Definitive proxy
21 Mar 14
DEF 14A
Definitive proxy
22 Mar 13
DEF 14A
Definitive proxy
23 Mar 12
Other
UPLOAD
Letter from SEC
29 Sep 15
CORRESP
Correspondence with SEC
23 Sep 15
UPLOAD
Letter from SEC
17 Sep 15
CORRESP
Correspondence with SEC
31 Aug 15
UPLOAD
Letter from SEC
7 Aug 15
UPLOAD
Letter from SEC
27 Mar 12
CORRESP
Correspondence with SEC
20 Mar 12
UPLOAD
Letter from SEC
15 Feb 12
CORRESP
Correspondence with SEC
19 Jan 12
UPLOAD
Letter from SEC
2 Dec 11
Ownership
4
ACME UNITED / PAUL G DRISCOLL ownership change
9 Mar 20
4
ACME UNITED / BRIAN S OLSCHAN ownership change
5 Mar 20
4
ACME UNITED / STEVENSON E WARD III ownership change
4 Mar 20
4
ACME UNITED / SUSAN H MURPHY ownership change
3 Mar 20
SC 13G
Acme United Corp
12 Feb 20
4
ACME UNITED / WALTER C JOHNSEN ownership change
22 Jan 20
4
ACME UNITED / PAUL G DRISCOLL ownership change
22 Jan 20
4
ACME UNITED / BRIAN S OLSCHAN ownership change
22 Jan 20
SC 13G
Acme United Corp
17 Jan 20
4
ACME UNITED / SUSAN H MURPHY ownership change
10 Jan 20
Patents
APP
Utility
Safety Cutter
2 Apr 20
A safety cutter adapted to open a box or similar packaging comprises a molded elongated handle which integrally connects with a protective head that mounts a fixed blade.
GRANT
Utility
Requisition system for supply/maintenance of safety items
3 Mar 20
A requisition system for safety items such as first aid kits, blood borne pathogen kits, automatic external defibrillators, fire extinguishers, smoke detectors and carbon monoxide detectors automatically generates a list of supplies for such items.
APP
Utility
Cutting Tool With Soft Handles and Method of Making Same
16 Jan 20
A dual blade cutting tool is disclosed herein that comprises first and second cutting blades, a finger handle formed on the first cutting blade, the finger handle comprising a first core and a first exoskeleton formed over the first core, a thumb handle formed on the second cutting blade, the thumb handle comprising a second core and a second exoskeleton formed over the second core.
APP
Utility
Fishing Tackle Bucket Attachment
26 Dec 19
A fishing tackle module is provided for removable attachment to the rim of a bucket.
GRANT
Utility
Glue gun dispensing nozzle indicator
24 Dec 19
A glue gun dispensing nozzle indicator changes color when a heater element exceeds a transition temperature.