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Acme United Reports 22% Sales Increase and 44% EPS Increase for First Quarter of 2021


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SHELTON, Conn., April 19, 2021 (GLOBE NEWSWIRE) Acme United Corporation (NYSE:ACU) today announced that net sales for the quarter ended March 31, 2021 were $43.5 million compared to $35.8 million in the first quarter of 2020, an increase of 22%.
Net income was $2,046,000 or $0.52 per diluted share for the quarter ended March 31, 2021 compared to $1,277,000, or $0.36 per diluted share, for the comparable period last year, an increase of 60% in net income and 44% in diluted earnings per share.
Chairman and CEO Walter C. Johnsen said, Net sales in first quarter of 2021 continued the strong performance we achieved in 2020, with revenues in all of our operating units increasing. We had particularly strong sales of our Westcott cutting tools and DMT sharpeners, and our European business had a record first quarter. Sales in Canada at First Aid Central continued to grow. First quarter 2021 revenues included approximately $0.9 million from the sales of Med-Nap produ ....

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Global Cutlery and Hand Tools Market Report 2021: COVID-19 Impact and Recovery to 2030


Press release content from Business Wire. The AP news staff was not involved in its creation.
Global Cutlery and Hand Tools Market Report 2021: COVID-19 Impact and Recovery to 2030 - ResearchAndMarkets.com
February 4, 2021 GMT
DUBLIN (BUSINESS WIRE) Feb 4, 2021
Cutlery and Hand Tools Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global cutlery and hand tool market as it emerges from the COVID-19 shut down.
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Major companies in the cutlery and hand tools market include Snap-on Inc; Stanley Black & Decker Inc; Bruder Mannesmann AG and Acme United Corporation. ....

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