Acme United Q3 sales rise, helped by strong first aid sales
Acme United reported a 2% year-over-year increase in Q3 sales, falling short of analyst expectations. Net income dropped 14% due to a higher tax rate, while first aid revenues surged 9% driven by strong online and refill sales. The company faces challenges from tariffs affecting Westcott cutting tools. Despite these issues, operating income rose 3%. Analysts maintain a "strong buy" rating, with a median 12-month price target of $50.50, reflecting a potential 23.9% upside from the recent closing price of $38.45.
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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/Mis Actual Consensu
s s
Estimate
Q3 Sales Miss $49.06 $50.70
mln mln (2
Analysts
)
Q3 Net $1.9 mln
Income
Q3 Basic $0.50
EPS
Q3 Gross $19.19
Profit mln
Q3 $3 mln
Operatin
g Income
Q3 $2.43
Pretax mln
Profit
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: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (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.)
