Acme United Corporation. (ACU) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, and welcome to the Acme United Second Quarter twenty twenty six Financial Results Conference Call. At this time, I'd like to turn the call over to your host, Walter Johnson, Chairman and CEO. Please go ahead, sir. Good morning. Welcome to the second 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 a 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 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 made progress during the second quarter of twenty twenty six. Our net sales increased from $54,000,000 to $63,000,000 an increase of 16%. Net income increased from $4,800,000 to $5,100,000 and earnings per share increased 5% to 1.22 As you may remember, we acquired MyMedic in January 2026. This addition to the Acme United family sells ...