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Acme United Reports Second Quarter 2026 Net Sales Increase of 16% and Net Income Increase of 6%

ACU
  • Acme United Corporation reported net sales of $62.7 million for the quarter ended June 30, 2026, a 16% increase from $54.0 million in the prior year period.
  • Excluding sales from the My Medic acquisition, comparable quarterly sales increased 8%.
  • Net sales for the six months ended June 30, 2026, reached $115.0 million, representing a 15% rise compared to $100.0 million in the same 2025 period.
  • Comparable six-month sales excluding My Medic grew 7%.
  • Quarterly net income was $5.1 million ($1.22 per diluted share), up 6% from $4.8 million ($1.16 per share) in 2025.
  • Six-month net income declined 6% to $6.0 million ($1.46 per diluted share) from $6.4 million ($1.57 per share) in 2025, primarily due to first-quarter results.
  • The My Medic business contributed to sales growth but had minimal impact on second-quarter earnings due to its seasonal nature, with profitability historically concentrated in the fourth quarter.
  • Chairman Walter C. Johnsen noted record revenues, with U.S. first aid sales (excluding My Medic) rising 10% \& Westcott cutting tools sales growing 8%.
  • Gross margins improved to 42.6% for the quarter \& 41.3% for the six months, driven by the inclusion of the My Medic business.
  • U.S. segment net sales increased 17% for the quarter \& 15% for the six months.
  • European net sales grew 24% in U.S. dollars for the quarter \& 28% for the six months, fueled by higher e-commerce sales \& a German product line acquisition.
  • Canadian net sales rose 1% in U.S. dollars for the quarter \& 7% for the six months.
  • Bank debt less cash stood at $27.3 million as of June 30, 2026, compared to $22.8 million in 2025.
  • The Company paid approximately $14.5 million for My Medic assets, distributed $2.4 million in dividends, \& spent $1.6 million on a German product line over the trailing twelve months.
  • Free cash flow generated during the twelve months ended June 30, 2026, was approximately $15.5 million.
  • On July 15, 2026, the Company secured a new $65 million syndicated credit facility with HSBC Bank USA \& City National Bank, expiring on July 15, 2029.
  • A conference call to discuss results is scheduled for July 23, 2026, at 12:00 p.m. ET.