ACME UNITED CORP

Listed Company

ACUCIK 0000002098NYSEAcceleratedSmaller ReportingCutlery, Handtools & General HardwareConnecticutFY ends Dec 31

Period

FY 2025

Revenue

$196.54M

Net Income

$10.18M

Total Assets

$171.00M

Equity

$117.61M

Shares Out

3.81M

Op. Cash Flow

$18.23M

Business

Acme United Corp is a leading worldwide supplier of innovative first aid and medical products and cutting technology serving school, home, office, hardware, sporting goods and industrial markets. It offers first aid kits and medical products, scissors, shears, knives, sharpening tools and related safety and spill-cleanup products. The company operates two principal segments—first aid and medical, and cutting and sharpening—marketed under brands such as First Aid Only, PhysiciansCare, Spill Magic, Westcott, Clauss, DMT, Med‑Nap and Elite. Its operations span the United States, Canada, Europe and Asia, and it distributes through mass market and e-commerce retailers, industrial and wholesale distributors, stationery and office supply channels, hardware chains and direct-to-consumer websites.

Summary from filing dated 2025-03-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	197	194	192	194	182
Cost of goods sold	119	118	119	130	117
Gross profit	77	76	72	64	65
Selling, general and administrative expenses	63	62	59	57	52
Operating income	15	14	13	6	13
Interest expense, net	−2	−2	−3	—	—
Other (expense) income, net	−47,000	95,000	−41,000	−246,396	−194,877
Income before income tax expense	13	12	23	4	15
Income tax expense	3	2	5	627,679	2
Net income	10	10	18	3	14
Basic earnings per share	2.69	2.71	4.98	0.86	3.93
Diluted earnings per share	2.49	2.45	4.86	0.82	3.45

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	4	6	5	6	5
Accounts receivable, less allowance for credit losses of $480,736 and $493,705 as of December 31, 2025 and 2024, respectively	29	28	26	33	34
Inventories	60	56	55	63	54
Prepaid expenses and other current assets	4	5	5	3	3
Total current assets	96	95	92	106	95
Land	3	3	2	2	2
Buildings and building improvements	24	21	18	17	13
Machinery and equipment	43	37	35	31	30
Total property, plant and equipment	71	61	55	50	45
Less: accumulated depreciation	32	29	27	24	21
Net property, plant and equipment	39	32	28	26	24
Intangible assets, less accumulated amortization	19	20	19	21	17
Goodwill	10	10	8	8	5
Operating lease right-of-use asset, net	7	5	2	3	3
Total assets	171	162	149	164	144
Accounts payable	8	9	12	11	9
Operating lease liability - current portion	1	2	1	1	1
Current portion of mortgage payable	454,112	436,949	419,309	404,588	388,536
Other accrued liabilities	13	12	12	10	10
Total current liabilities	23	23	26	22	20
Long-term debt	12	18	13	50	33
Mortgage payable, net of current portion	9	10	10	11	11
Operating lease liability - non-current portion	6	3	1	2	2
Deferred income taxes	4	1	899,344	305,285	599,280
Other non-current liabilities	13,972	13,355	16,274	622,441	—
Total liabilities	53	55	51	85	67
Commitments and contingencies (see note 16)	—	—	—	—	—
Common stock, par value $2.50: 5,351,596 shares issued and 3,806,724 shares outstanding in 2025; 5,299,370 shares issued and 3,754,498 shares outstanding in 2024	13	13	13	13	13
Treasury stock, at cost, 1,544,872 shares in 2025 and 2024	−16	−16	−16	−16	−16
Additional paid-in capital	20	18	16	13	12
Accumulated other comprehensive loss	−2	−3	−2	−2	−1
Retained earnings	102	94	87	71	70
Total stockholders' equity	118	107	98	79	77
Total liabilities and stockholders' equity	171	162	149	164	144

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	4	4	3	3	3
Amortization of intangible assets	3	3	2	2	1
Stock compensation expense	2	2	2	2	2
Deferred income taxes	2	565,312	594,059	−293,995	489,059
Non-cash lease adjustment	−9,790	−40,373	−57,648	−42,570	158,250
Provision for excess and obsolete inventory	306,739	—	171,476	189,874	—
Provision for credit losses	14,443	393,945	−129,219	—	—
Amortization of deferred financing costs	29,804	39,738	39,405	30,151	—
Change in earnout liability	—	24,481	170,000	—	—
Accounts receivable	−592,817	−2	6	2	−7
Inventories	−3	−329,896	4	−10	−3
Prepaid expenses and other current assets	937,348	−704,417	−950,338	−173,341	−1
Accounts payable	−1	−3	2	2	1
Other accrued liabilities	927,167	−807,171	2	−581,449	−2
Total adjustments	8	2	11	−143,027	−9
Net cash provided by operating activities	18	12	29	3	5
Purchase of property, plant and equipment	−11	−7	−5	−4	−6
Acquisition of Schmiedeglut	−2	—	—	—	—
Proceeds from sale of business, net of related costs	—	1	13	—	—
Acquisition of Safety Made	—	−750,000	−750,000	−10	—
Acquisition of Elite First Aid	—	−6	—	—	—
Net cash used in investing activities	−12	−13	7	−14	−6
Net (repayments) borrowings of long-term debt	−6	4	−37	17	−6
Repayments on mortgage	−430,447	−413,235	−409,624	−401,410	−3
Distributions to stockholders	−2	−2	−2	−2	−2
Cash settlement of stock options	−680,977	−415,900	−292,152	−108,155	−342,285
Tax paid on net share settlement of stock options	−354,914	−1	−363,273	−243,463	—
Issuance of common stock	697,531	2	1	84,715	3
Net cash (used in) provided by financing activities	−9	2	−38	14	2
Effect of exchange rate changes	154,905	−186,979	60,110	−184,691	−134,636
Net (decrease) increase in cash and cash equivalents and restricted cash	−3	852,738	−2	3	675,973
Cash paid for income taxes	560,723	2	6	978,378	874,996
Cash paid for interest expense	2	2	3	2	908,781
Dividends accrued not paid	609,075	563,175	546,710	495,406	457,745

Filings

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