EX-99.1 2 acu-ex99_1.htm EX-99.1 EX-99.1

Ex 99.1

 

ACME UNITED CORPORATION NEWS RELEASE

CONTACT: Paul G. Driscoll Acme United Corporation 1 Waterview Drive Shelton, CT 06484

Phone: (203) 254-6060

 

FOR IMMEDIATE RELEASE February 26, 2026

 

 

ACME UNITED REPORTS 12% INCREASE IN EARNINGS PER SHARE FOR THE

FOURTH QUARTER OF 2025

 

SHELTON, CT – February 26, 2026 – Acme United Corporation (NYSE American: ACU) today announced that net sales for the quarter ended December 31, 2025 were $47.5 million compared to $45.9 million in the fourth quarter of 2024, an increase of 3%. Net sales for the year ended December 31, 2025 were $196.5 million compared to $194.5 million in 2024, an increase of 1%.

 

Net income was $1.9 million, or $0.46 per diluted share, for the quarter ended December 31, 2025, compared to $1.7 million, or $0.41 per diluted share, for the same period in 2024, an increase of 10% in net income and 12% in diluted earnings per share.

 

Net income for the year ended December 31, 2025 was $10.2 million, or $2.49 per diluted share, compared to $10.0 million, or $2.45 per diluted share, for 2024, an increase of 2% in both net income and diluted earnings per share.

 

Chairman and CEO Walter C. Johnsen said, “Our team successfully navigated customer uncertainty and increased costs due to tariffs during 2025. The tariffs were suddenly imposed in April and changed abruptly many times throughout the year. Sales to our retail customers were particularly impacted as they postponed and cancelled promotions. We are now seeing improvement in retail activity.”

 

Mr. Johnsen continued, “In January 2026, we acquired My Medic, which sells tactical, trauma and emergency response products directly to consumers. Revenues in 2025 were approximately $19 million and the purchase price was $18.7 million. We are actively working to integrate My Medic and build its revenues by expanding its product offering and distribution in the U.S. and Canada.”

1

 


Ex 99.1

 

Mr. Johnsen added, “We have a strong balance sheet and we continue to reap the benefits of our investments in increased distribution capacity, productivity improvements and cost reduction initiatives. As a result, we believe that we continue to be well-positioned for growth, including through acquisitions,” and look forward to a strong year.

 

For the three months ended December 31, 2025, net sales in the U.S. segment were constant compared to the same period in 2024. For the year ended December 31, 2025, net sales in the U.S. segment declined 1% compared to 2024. Sales of first aid and medical products were strong. However, sales of school and office products were lower mainly due to the cancellation of customer orders as a result of tariff uncertainty.

 

European net sales for the three months ended December 31, 2025 increased 31% in U.S. dollars and 22% in local currency compared to the fourth quarter of 2024. On October 1, 2025, the Company’s German subsidiary acquired a line of cutting and sharpening tools that contributed approximately $0.5 million in fourth quarter sales. Net sales for the year ended December 31, 2025 increased 8% in U.S. dollars and 4% in local currency compared to 2024.

Net sales in Canada for the three months ended December 31, 2025 increased 14% in both U.S. dollars and local currency compared to the same period in 2024. Net sales for the year ended December 31, 2025 increased 14% in U.S. dollars and 16% in local currency compared to 2024. The increases in sales for both periods were due to strong sales of first-aid products.

 

Gross margin was 38.2% in the three months ended December 31, 2025 versus 38.7% in the same period last year. Gross margin was 39.4% for the year ended December 31, 2025 compared to 39.3% for the same period in 2024.

 

The Company’s bank debt less cash as of December 31, 2025 was $18.1 million compared to $21.5 million as of December 31, 2024. During the year ended December 31, 2025, the Company distributed approximately $2.3 million in dividends on its common stock, purchased the cutting and sharpening line of products in Germany for approximately $1.6

2

 


Ex 99.1

million and generated approximately $13.6 million in free cash flow, before the purchase for cash of a new $6 million manufacturing and distribution facility in Tennessee in July 2025 to expand the Company’s Spill Magic business.

Conference Call and Webcast Information

Acme United will hold a conference call to discuss its quarterly results, which will be broadcast on Thursday, February 26, 2026, at 12:00 p.m. ET. To listen or participate in a question-and-answer session, dial 877-407-0784. International callers may dial 201-689-8560. The confirmation code is13758729. You may access the live webcast of the conference call through the Investor Relations section of the Company’s website, www.acmeunited.com. A replay may be accessed under Investor Relations, Audio Archives.

 

About Acme United

ACME UNITED CORPORATION is a leading worldwide supplier of innovative safety solutions and cutting technology to the school, home, office, hardware, sporting goods and industrial markets. Its leading brands include First Aid Only®, First Aid Central®, PhysiciansCare®, Pac-Kit®, Spill Magic®, Westcott®, Clauss®, DMT®, Med-Nap®, Elite First Aid® and My Medic®. For more information, visit www.acmeunited.com.

 

Forward Looking Statements

 

The Company may from time to time make written or oral “forward-looking statements” including statements contained in this report and in other communications by the Company, which are made in good faith pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on our beliefs as well as assumptions made by and information currently available to us. When used in this document, words like “may,” “might,” “will,” “except,” “anticipate,” “believe,” “potential,” and similar expressions are intended to identify forward-looking statements. Actual results could differ materially from our current expectations.

 

Forward-looking statements in this report, including without limitation, statements related to the Company’s plans, strategies, objectives, expectations, intentions and

3

 


Ex 99.1

adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties that may impact the Company’s business, operations and financial results.

 

These risks and uncertainties include, without limitation, the following: (i) changes in the Company’s plans, strategies, objectives, expectations and intentions, which may be made at any time at the discretion of the Company; (ii) the impact of volatility in global economic conditions, including the impact on the Company’s suppliers and customers; (iii) international trade policies of the United States or foreign governments and their impact on demand for our products and our competitive position, including the imposition of new tariffs, changes in existing tariff rates or the threat of any such action;*1(iv) the continuing adverse impact of inflation, including product costs, and interest rates; (v) potential adverse effects on the Company, its customers, and suppliers resulting from the conflicts in Ukraine and the Middle East; (vi) additional disruptions in the Company’s supply chains, whether caused by pandemics, natural disasters, including trucker shortages, strikes, port closures or otherwise; (vii) labor related costs the Company has and may continue to incur, including costs of acquiring and training new employees and rising wages and benefits; (viii) currency fluctuations; (ix) the Company’s ability to effectively manage its inventory in a rapidly changing business environment; (x) changes in client needs and consumer spending habits; (xi) the impact of competition; (xii) the impact of technological changes including, specifically, the growth of online marketing and sales activity; and (xiii) the Company’s ability to manage its growth effectively, including its ability to successfully integrate any business it might acquire; and (xiv) other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.

 

# # #

 

 

 

 


 

4

 


Ex 99.1

 

ACME UNITED CORPORATION

 

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

 

FOURTH QUARTER REPORT 2025

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

Three Months Ended

 

Amounts in 000's except per share data

 

December 31, 2025

 

 

 

December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

 

47,524

 

 

 $

 

45,943

 

Cost of goods sold

 

 

29,376

 

 

 

 

28,178

 

Gross profit

 

 

18,148

 

 

 

 

17,765

 

Selling, general and administrative expenses

 

 

15,247

 

 

 

 

15,483

 

Operating income

 

 

2,901

 

 

 

 

2,282

 

Interest expense, net

 

 

338

 

 

 

 

427

 

Other expense (income), net

 

 

90

 

 

 

 

(8

)

Income before income tax expense

 

 

2,473

 

 

 

 

1,863

 

Income tax expense

 

 

596

 

 

 

 

153

 

Net income

$

 

1,877

 

 

 $

 

1,710

 

 

 

 

 

 

 

 

 

Shares outstanding - basic

 

 

3,807

 

 

 

 

3,748

 

Shares outstanding - diluted

 

 

4,076

 

 

 

 

4,155

 

 

 

 

 

 

 

 

 

Earnings per share - basic

$

 

0.49

 

 

$

 

0.46

 

Earnings per share - diluted

 

 

0.46

 

 

 

 

0.41

 

 

 

 

 

 

 

 

 

 

 

 

 

5

 


Ex 99.1

ACME UNITED CORPORATION

 

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

 

FOURTH QUARTER REPORT 2025

 

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

Year Ended

 

Amounts in 000's except per share data

 

December 31, 2025

 

 

 

December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

 

196,542

 

 

 $

 

194,490

 

Cost of goods sold

 

 

119,132

 

 

 

 

118,139

 

Gross profit

 

 

77,410

 

 

 

 

76,351

 

Selling, general and administrative expenses

 

 

62,685

 

 

 

 

62,211

 

Operating income

 

 

14,725

 

 

 

 

14,140

 

Interest expense, net

 

 

1,560

 

 

 

 

1,942

 

Other expense (income), net

 

 

47

 

 

 

 

(95

)

Income before income tax expense

 

 

13,118

 

 

 

 

12,293

 

Income tax expense

 

 

2,933

 

 

 

 

2,270

 

Net income

$

 

10,185

 

 

 $

 

10,023

 

 

 

 

 

 

 

 

 

Shares outstanding - basic

 

 

3,787

 

 

 

 

3,701

 

Shares outstanding - diluted

 

 

4,087

 

 

 

 

4,099

 

 

 

 

 

 

 

 

 

Earnings per share - basic

$

 

2.69

 

 

$

 

2.71

 

Earnings per share - diluted

 

 

2.49

 

 

 

 

2.45

 

 

 

 

 

 

 

 

 

 

 

6

 


Ex 99.1

ACME UNITED CORPORATION

 

CONDENSED CONSOLIDATED BALANCE SHEETS

 

FOURTH QUARTER REPORT 2025

 

(Unaudited)

 

 

 

 

 

 

 

 

 

Amounts in $000's

 

 

 

 

 

 

 

 

 

December 31, 2025

 

 

 

December 31, 2024

 

Assets

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

Cash and cash equivalents

$

 

3,596

 

 

$

 

6,399

 

Accounts receivable, net

 

 

29,098

 

 

 

 

28,236

 

Inventories

 

 

59,852

 

 

 

 

56,254

 

Prepaid expenses and other current assets

 

 

3,649

 

 

 

 

4,571

 

Total current assets

 

 

96,195

 

 

 

 

95,460

 

 

 

 

 

 

 

 

 

Property, plant and equipment, net

 

 

38,541

 

 

 

 

31,653

 

 

 

 

 

 

 

 

 

Operating lease right of use asset

 

 

6,881

 

 

 

 

4,826

 

Intangible assets, less accumulated amortization

 

 

19,473

 

 

 

 

20,323

 

Goodwill

 

 

9,908

 

 

 

 

9,908

 

Total assets

$

 

170,998

 

 

$

 

162,170

 

 

 

 

 

 

 

 

 

Liabilities and stockholders' equity

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

Accounts payable

$

 

8,066

 

 

$

 

9,005

 

Operating lease liability - short term

 

 

1,446

 

 

 

 

1,564

 

Mortgage payable - short term

 

 

454

 

 

 

 

437

 

Other current liabilities

 

 

12,906

 

 

 

 

11,866

 

Total current liabilities

 

 

22,872

 

 

 

 

22,872

 

 

 

 

 

 

 

 

 

Long-term debt

 

 

11,853

 

 

 

 

17,606

 

Mortgage payable - long term

 

 

9,432

 

 

 

 

9,868

 

Operating lease liability - long term

 

 

5,532

 

 

 

 

3,367

 

Deferred income taxes

 

 

3,685

 

 

 

 

1,465

 

Other non-current liabilities

 

 

13

 

 

 

 

12

 

Total liabilities

 

 

53,387

 

 

 

 

55,190

 

Total stockholders' equity

 

 

117,611

 

 

 

 

106,980

 

Total liabilities and stockholders' equity

$

 

170,998

 

 

$

 

162,170

 

 

 

 

 

 

 

 

 

 

7