This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Acme United Corporation Reports 17% Sales Increase For The Second Quarter

Acme United Corporation (NYSE AMEX:ACU) today announced that net sales for the second quarter ended June 30, 2011 were $24.0 million, compared to $20.6 million in the comparable period of 2010, an increase of 17% (14% in local currency). Excluding the acquisition on February 28, 2011 of the Pac Kit Company, one of the oldest manufacturers of first aid products, comparable sales increased by 8%.

Net income was $1,743,000, or $.56 per diluted share, for the quarter ended June 30, 2011, compared to $1,567,000 or $.48 per diluted share for the comparable period last year, an increase of 11% in net income and 17% in diluted earnings per share.

Net sales for the six months ended June 30, 2011 were $38.4 million, compared to $33.7 million in the same period in 2010, an increase of 14% (12% in local currency). Excluding the acquisition of the Pac Kit Company, comparable sales increased by 7%.

Net income for the six months ended June 30, 2011 was $1,863,000, or $.60 per diluted share, compared to $1,780,000, or $.54 per diluted share in the comparable period last year, a 5% increase in net income and 10% in diluted earnings per share.

Net sales for the quarter ended June 30, 2011 in the U.S. segment increased 22% compared to the same period in 2010. Net sales for the six months ended June 30, 2011 in the U.S. segment increased 17% compared to the same period in 2010. Sales in the U.S. for both periods increased due to market share gains in the mass market channel and the addition of sales resulting from the acquisition of the Pac Kit Company. Net sales in Canada for the three and six months ended June 30, 2011 increased 15% and 16%, respectively, in U.S. dollars (8% and 9% respectively, in local currency) compared to the same periods in 2010. Sales in Canada increased primarily due to the introduction of new products. European net sales for the three and six months ended June 30, 2011 decreased 20% and 10%, respectively, in U.S. dollars (30% and 17% respectively, in local currency) compared to the same periods in 2010. Sales in Europe decreased due to the timing of sales associated with mass market promotions.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,230.73 +98.03 0.54%
S&P 500 2,109.86 +5.36 0.25%
NASDAQ 4,988.5180 +24.9910 0.50%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs