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Acme United reports Q1 EPS 28c vs 22c last year
The Fly

Acme United reports Q1 EPS 28c vs 22c last year

Reports Q1 revenue $45.838M vs $43.333M last year. Chairman and CEO Walter Johnsen said, "We are successfully executing our growth and productivity plans. Our net sales growth reflects expansion of our customer base and new product introductions in the first aid and medical segment, offset in part by continued inventory reductions by some large mass market customers. We realized over $0.5 million in productivity savings during the quarter. Inventory declined by $5.0 million from December 31, 2022, which reduced debt."

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