Overview
Acme United Q3 sales rose 2% yr/yr but missed analyst expectations
Net income for Q3 fell 14% due to higher tax rate
Company's first aid revenues increased 9% amid strong online and refill sales
Outlook
Acme United is experiencing increased promotional activity
Company continues to manage through tariff-related uncertainties
Result Drivers
FIRST AID SALES - Strong online and refill sales boosted first aid revenues by 9%
TARIFF IMPACT - Tariff environment led to reduced sales of Westcott cutting tools and cancellation of retail promotions
OPERATING INCOME - Operating income increased 3% despite challenges, supported by effective management
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
$49.06 mln
$50.70 mln (2 Analysts)
Q3 Net Income
$1.9 mln
Q3 Basic EPS
$0.50
Q3 Gross Profit
$19.19 mln
Q3 Operating Income
$3 mln
Q3 Pretax Profit
$2.43 mln
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy."
Wall Street's median 12-month price target for Acme United Corp is $50.50, about 23.9% above its October 20 closing price of $38.45
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago
Press Release: ID:nGNXb4NXGl
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)