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ACU Acme United

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
CEO
Walter C. Johnsen
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
60236700

ACU stock data

(
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Calendar

31 Mar 21
22 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Acme United earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 4.17M 4.17M 4.17M 4.17M 4.17M 4.17M
Cash burn (monthly) (positive/no burn) 221.21K (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 827.61K n/a n/a n/a n/a
Cash remaining n/a 3.34M n/a n/a n/a n/a
Runway (months of cash) n/a 15.1 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
20 Apr 21 Susan H Murphy Common Stock Sell Dispose S No No 36.26 4,500 163.17K 7,516
20 Apr 21 Stevenson E Ward Iii Common Stock Sell Dispose S No No 38.7 3,190 123.45K 32,874
20 Apr 21 Stevenson E Ward Iii Common Stock Sell Dispose S No No 37.35 5,531 206.58K 36,064
20 Apr 21 Stevenson E Ward Iii Common Stock Sell Dispose S No No 36.48 4,015 146.47K 41,595
20 Apr 21 Stevenson E Ward Iii Common Stock Sell Dispose S No No 35.53 6,313 224.3K 45,610
20 Apr 21 Stevenson E Ward Iii Common Stock Sell Dispose S No No 34.16 5,027 171.72K 51,923
20 Apr 21 Stevenson E Ward Iii Common Stock Option exercise Aquire M No No 21.75 5,000 108.75K 56,950
20 Apr 21 Stevenson E Ward Iii Common Stock Option exercise Aquire M No No 21.2 4,000 84.8K 51,950
20 Apr 21 Stevenson E Ward Iii Common Stock Option exercise Aquire M No No 22.66 5,000 113.3K 47,950
20 Apr 21 Stevenson E Ward Iii Common Stock Option exercise Aquire M No No 28.2 5,000 141K 42,950

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

62.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 40 35 +14.3%
Opened positions 7 2 +250.0%
Closed positions 2 2
Increased positions 8 4 +100.0%
Reduced positions 13 12 +8.3%
13F shares
Current Prev Q Change
Total value 62.35M 47.56M +31.1%
Total shares 2.07M 2.07M +0.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Capital Management 399.12K $12.03M -10.2%
North Star Investment Management 389.03K $11.72M -1.9%
Renaissance Technologies 205.52K $6.19M -2.9%
Dimensional Fund Advisors 164.26K $4.95M -2.1%
Bard Associates 127.4K $3.84M -1.4%
Royce & Associates 122.76K $3.7M 0.0%
Vanguard 109.55K $3.3M 0.0%
FIL 89.17K $2.69M +39.0%
TETAA Teton Advisors 84K $2.53M -30.1%
Mork Capital Management 70K $2.11M 0.0%
Largest transactions
Shares Bought/sold Change
Capital Management 399.12K -45.2K -10.2%
TETAA Teton Advisors 84K -36.25K -30.1%
EAM Investors 35.83K +35.83K NEW
FIL 89.17K +25K +39.0%
Seizert Capital Partners 10.42K +10.42K NEW
BK Bank Of New York Mellon 9.9K +9.9K NEW
North Star Investment Management 389.03K -7.48K -1.9%
BLK Blackrock 7.55K -7.14K -48.6%
Ellsworth Advisors 7.1K +7.1K NEW
California Public Employees Retirement System 7.09K +7.09K NEW

Financial report summary

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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 many factors, some of which are beyond our control. These factors presently include the impact of the COVID-19 pandemic on the Company.
  • 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.
  • Loss of a major customer could result in a decrease in the Company’s future sales and earnings.
  • 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.
  • The Company is subject to intense competition in all of the markets in which it competes.
  • Compromises of our information systems or unauthorized access to confidential information or our customers' or associates' personal information may materially harm our business or damage our reputation.
  • The Company may not be able to maintain or to raise prices in response to increasing costs or inflation.
  • The Company may need to raise additional capital to fund its operations.
  • Failure to protect the Company’s proprietary rights or the costs of protecting these rights could adversely affect its business.
  • If the Company is found to have infringed the intellectual property rights of others or cannot obtain necessary intellectual property rights from others, its competitiveness could be negatively impaired.
  • Product liability claims or regulatory actions could adversely affect the Company's financial results and reputation.
  • The Company’s businesses and operations are subject to regulation in the U.S. and abroad.
  • Certain or our products and facilities are subject to regulation by the FDA and by analogous foreign regulators.
  • The Company is subject to environmental regulation and environmental risks.
  • 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 economic effects of the COVID-19 pandemic and measures taken to arrest its spread, as well as any emergency measures we have taken and continue to take in response to the pandemic, could adversely impact our business, including our operating results, financial condition and liquidity.
  • The Small Business Association’s review of our forgiveness application is ongoing and it is possible that our PPP Loan may not be forgiven.
  • We cannot provide assurance that we will continue to pay dividends or purchase shares of our common stock under our stock repurchase programs.
  • 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.
  • As noted above in the “Forward-Looking Statements”, the spread of the coronavirus (COVID-19) through China, the United States, and other countries globally and the related ongoing economic downturn continue to present certain significant risks and uncertainties to the Company and its operations. Commencing late in the first quarter of the current fiscal year and continuing through the filing of this report, the COVID-19 pandemic has affected the Company’s financial results and business operations. During this period, we experienced, and continue to experience, a significant increase in demand for many of the Company’s first aid and safety products, as consumers and commercial enterprises stocked up on these products.  On the other hand, while the Company gained market share in its Westcott craft products, it experienced weakness in the sales of its Westcott office and school supplies with the result that sales for fiscal year 2020 were approximately the same as fiscal year of 2019.  The weakness in sales was due, in part, to pandemic-related continued or reimposed closures of retail stores, schools and offices and other COVID-19 related restrictions imposed in our domestic and international markets.  The ultimate impact of these effects on the Company will depend on the duration, spread, and severity of the COVID-19 pandemic, and any recurrence of the COVID-19 pandemic including through any new variant strains of the underlying virus, the effectiveness, availability, and acceptance by the public of vaccines, the length of time it takes for normal economic and operating conditions to resume, whether commercial closures and other restrictions that have been imposed to date are extended or reimposed, and additional actions that may be taken by governmental authorities or by businesses or individuals of their own initiative in response to the pandemic.  
  • Substantially all of our manufacturing facilities and distribution centers and those of our key suppliers currently remain open and continue to operate despite temporary closures. We monitor information on COVID-19 from the Centers for Disease Control and Prevention (“CDC”) and believe we are adhering to their recommendations regarding the health and safety of our personnel. To address the potential human impact of the virus, most of our administrative staff are telecommuting. For those administrative staff not telecommuting and our warehouse and domestic manufacturing employees, we have implemented social distancing and mask policies, instituted daily temperature checks and have increased facility cleaning at each location. Non-essential domestic and international travel for our employees has ceased.
Content analysis
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