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
Website
CEO
Walter C. Johnsen
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
60236700
ACU stock data
()
News
48 Biggest Movers From Yesterday
22 Apr 21
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21 Apr 21
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21 Apr 21
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21 Apr 21
Stocks That Hit 52-Week Highs On Wednesday
21 Apr 21
Press releases
Acme United Corp. to Host Earnings Call
19 Apr 21
Acme United Corporation First Quarter 2021 Earnings Conference Call
13 Apr 21
Acme United Corporation Board Approves Cash Dividend
19 Mar 21
Acme United Corporation to Present at the Sidoti Spring 2021 Virtual Conference
18 Mar 21
Acme United Corp. to Host Earnings Call
3 Mar 21
Calendar
31 Mar 21
22 Apr 21
31 Dec 21
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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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 |
Recent insider trades
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 |
Institutional ownership Q4 2020
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 |
---|---|
Total holders | 40 |
Opened positions | 7 |
Closed positions | 2 |
Increased positions | 8 |
Reduced positions | 13 |
13F shares |
Current |
---|---|
Total value | 62.35M |
Total shares | 2.07M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
Capital Management | 399.12K | $12.03M |
North Star Investment Management | 389.03K | $11.72M |
Renaissance Technologies | 205.52K | $6.19M |
Dimensional Fund Advisors | 164.26K | $4.95M |
Bard Associates | 127.4K | $3.84M |
Royce & Associates | 122.76K | $3.7M |
Vanguard | 109.55K | $3.3M |
FIL | 89.17K | $2.69M |
TETAA Teton Advisors | 84K | $2.53M |
Mork Capital Management | 70K | $2.11M |
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 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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H.S. freshman Avg
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New words:
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Financial reports
10-K
2020 FY
Annual report
31 Mar 21
NT 10-K
Notice of late annual filing
16 Mar 21
10-Q
2020 Q3
Quarterly report
6 Nov 20
10-Q
2020 Q2
Quarterly report
9 Aug 20
10-Q
2020 Q1
Quarterly report
8 May 20
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
Current reports
8-K
Acme United Reports 22% Sales Increase and 44% Eps Increase for First Quarter of 2021
19 Apr 21
8-K
Acme United Reports 21% Sales Increase and Record 109% Net Income Increase for Fourth Quarter of 2020
3 Mar 21
8-K
Other Events
17 Dec 20
8-K
Results of Operations and Financial Condition
21 Oct 20
8-K
Results of Operations and Financial Condition
17 Jul 20
8-K
Submission of Matters to a Vote of Security Holders
21 Apr 20
8-K
Acme United Reports 14% Sales Increase and 50% Eps Increase for First Quarter of 2020
17 Apr 20
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
Registration and prospectus
S-8
Registration of securities for employees
11 Sep 20
S-8
Registration of securities for employees
30 Aug 18
S-8
Registration of securities for employees
30 Aug 17
S-8
Registration of securities for employees
16 Aug 15
S-8
Registration of securities for employees
17 Aug 14
S-8
Registration of securities for employees
13 Aug 13
S-8
Registration of securities for employees
15 Aug 12
S-8
Registration of securities for employees
11 Aug 11
S-8
Registration of securities for employees
11 Aug 10
S-8
Registration of securities for employees
16 Aug 09
Proxies
DEF 14A
Definitive proxy
1 Apr 21
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
20 Mar 18
DEF 14A
Definitive proxy
21 Mar 17
DEF 14A
Definitive proxy
20 Mar 16
DEF 14A
Definitive proxy
19 Mar 15
DEF 14A
Definitive proxy
20 Mar 14
DEF 14A
Definitive proxy
21 Mar 13
Other
UPLOAD
Letter from SEC
28 Sep 15
CORRESP
Correspondence with SEC
22 Sep 15
UPLOAD
Letter from SEC
16 Sep 15
CORRESP
Correspondence with SEC
30 Aug 15
UPLOAD
Letter from SEC
6 Aug 15
UPLOAD
Letter from SEC
26 Mar 12
CORRESP
Correspondence with SEC
19 Mar 12
UPLOAD
Letter from SEC
14 Feb 12
CORRESP
Correspondence with SEC
18 Jan 12
UPLOAD
Letter from SEC
1 Dec 11
Ownership
4
ACME UNITED / STEVENSON E WARD III ownership change
22 Apr 21
4
ACME UNITED / SUSAN H MURPHY ownership change
20 Apr 21
4
ACME UNITED / STEVENSON E WARD III ownership change
10 Mar 21
4
ACME UNITED / SUSAN H MURPHY ownership change
5 Mar 21
5
ACME UNITED / SUSAN H MURPHY ownership change
16 Feb 21
SC 13G/A
ACME UNITED / RENAISSANCE TECHNOLOGIES ownership change
10 Feb 21
4
ACME UNITED / WALTER C JOHNSEN ownership change
29 Jan 21
4
ACME UNITED / PAUL G DRISCOLL ownership change
29 Jan 21
4
ACME UNITED / BRIAN S OLSCHAN ownership change
29 Jan 21
SC 13G/A
ACME UNITED / CAPITAL MANAGEMENT ownership change
28 Jan 21
Patents
APP
Utility
Safety Knife with Slidable Grip
25 Feb 21
A safety knife functions as both a box cutter and a separate line cutter.
APP
Utility
Safety Knife with Slidable Grip
25 Feb 21
A safety knife functions as both a box cutter and a separate line cutter.
GRANT
Design
Hub for cutting device
7 Dec 20
Inventors: Nicholas L. Seferi
GRANT
Design
Safety cutter
21 Sep 20
Inventors: Nicholas L. Seferi
GRANT
Design
Knife handle
21 Sep 20
Inventors: Richard S. Constantine
Transcripts
2021 Q1
Earnings call transcript
19 Apr 21
2020 Q4
Earnings call transcript
3 Mar 21
2020 Q3
Earnings call transcript
21 Oct 20
2020 Q2
Earnings call transcript
17 Jul 20
2020 Q1
Earnings call transcript
17 Apr 20
2019 Q4
Earnings call transcript
28 Feb 20
2019 Q3
Earnings call transcript
18 Oct 19
2019 Q2
Earnings call transcript
19 Jul 19
2019 Q1
Earnings call transcript
18 Apr 19
2018 Q4
Earnings call transcript
4 Mar 19
Reddit threads
Daily Discussion Thread - April 19th, 2021
19 Apr 21
Daily Discussion Thread - April 16th, 2021
16 Apr 21
Daily Discussion Thread - April 15th, 2021
15 Apr 21
Daily Discussion Thread - April 14th, 2021
14 Apr 21
Daily Discussion Thread - April 13th, 2021
13 Apr 21
Daily Discussion Thread - March 3rd, 2021
3 Mar 21
Daily Discussion Thread - March 2nd, 2021
2 Mar 21
Daily Discussion Thread - March 1st, 2021
1 Mar 21
Daily Discussion Thread - February 25th, 2021
25 Feb 21
Daily Discussion Thread - February 24th, 2021
24 Feb 21