Acme United Corporation. (ACU) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, and welcome to the Acme United First Quarter twenty twenty six Financial Results Call. At this time, I'd like to turn the call over to Walter Johnson, Chairman and CEO. Please go ahead, sir. Good morning. Welcome to the first quarter twenty twenty six earnings conference call for Acme United Corporation. I am Walter C. Johnson, Chairman and CEO. With me is Paul Driscoll, our Chief Financial Officer, who will first read the Safe Harbor statement. Paul? Forward looking statements in this conference call, including without limitation, statements related to the company's plans, strategies, objectives, expectations, intentions and adequacy of capital and other 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, including among others, those arising as a result of a challenging global macroeconomic environment characterized by continued high inflation, high interest rates and the imposition of new tariffs or changes in existing tariff rates. In addition, we have experienced supply chain disruptions in the past and we may experience these disruptions in the future. We are also subject to additional risks and uncertainties as described in our periodic filings with the Securities and Exchange Commission and in our current earnings release. Thank you, Paul. Acme United had a difficult first quarter of twenty twenty six. While our net sales increased 14% to $52,300,000 our net income was $985,000 compared to $1,600,000 last year and earnings per share were $0.24 compared to $0.41 last year. As you may remember, we purchased MyMedix for $18,600,000 during the first quarter of twenty twenty six. The company sells di...