Increase in Net Sales and Income
Net sales increased by 2% from $45 million in Q1 2024 to $46 million in Q1 2025. Net income rose from $1.6 million to $1.7 million, and earnings per share increased by 5% from $0.39 to $0.41.
First Aid Business Growth
The first aid business grew by 14% in Q1 2025, driven by new distribution channels and increased sales in the mass and industrial markets.
Automation Advancements
Installation of a new robotic system in the Rocky Mountain, North Carolina plant, costing $650,000 and replacing seven employees with less than a two-year payback. A second system was ordered for the Vancouver, Washington plant.
Debt Reduction and Cash Flow
The company's bank debt less cash decreased from $32 million in March 2024 to $27 million in March 2025. Acme United generated approximately $12 million in free cash flow over twelve months.