$ACU
ACME UNITED CORP

2024 Q2 Form 10-Q Financial Statement

#000095017024055586 Filed on May 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $55.43M $44.96M
YoY Change 3.92% -1.92%
Cost Of Revenue $32.80M $27.56M
YoY Change -1.55% -6.76%
Gross Profit $22.63M $17.40M
YoY Change 13.01% 6.85%
Gross Profit Margin 40.82% 38.7%
Selling, General & Admin $16.25M $14.84M
YoY Change 10.02% 5.29%
% of Gross Profit 71.83% 85.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.478M $860.0K
YoY Change 21.75% 19.44%
% of Gross Profit 6.53% 4.94%
Operating Expenses $16.25M $14.84M
YoY Change 10.02% 5.29%
Operating Profit $6.375M $2.558M
YoY Change 21.43% 16.91%
Interest Expense -$539.0K -$443.0K
YoY Change -35.22% -50.89%
% of Operating Profit -8.45% -17.32%
Other Income/Expense, Net $28.00K $44.00K
YoY Change 21.74% -105.01%
Pretax Income $5.864M $2.159M
YoY Change 32.04% 64.94%
Income Tax $1.412M $523.0K
% Of Pretax Income 24.08% 24.22%
Net Earnings $4.452M $1.636M
YoY Change 29.31% 65.25%
Net Earnings / Revenue 8.03% 3.64%
Basic Earnings Per Share $1.21 $0.45
Diluted Earnings Per Share $1.09 $0.39
COMMON SHARES
Basic Shares Outstanding 3.662M 3.645M
Diluted Shares Outstanding 4.088M 4.213M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.791M $2.443M
YoY Change 11.47% -11.61%
Cash & Equivalents $3.791M $2.443M
Short-Term Investments
Other Short-Term Assets $5.662M $6.110M
YoY Change 30.76% 23.19%
Inventory $56.62M $56.89M
Prepaid Expenses
Receivables $40.07M $32.97M
Other Receivables $0.00 $0.00
Total Short-Term Assets $106.1M $98.41M
YoY Change 2.59% -0.78%
LONG-TERM ASSETS
Property, Plant & Equipment $35.75M $34.39M
YoY Change 20.54% 30.28%
Goodwill $8.189M $8.189M
YoY Change 0.0% 0.0%
Intangibles $23.46M $18.40M
YoY Change 18.6% -9.26%
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Assets $67.39M $60.98M
YoY Change 15.45% 4.62%
TOTAL ASSETS
Total Short-Term Assets $106.1M $98.41M
Total Long-Term Assets $67.39M $60.98M
Total Assets $173.5M $159.4M
YoY Change 7.23% 1.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.32M $7.907M
YoY Change -3.78% -25.38%
Accrued Expenses $17.25M $1.599M
YoY Change 21.39% 31.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $429.0K $424.0K
YoY Change 4.38% 4.69%
Total Short-Term Liabilities $27.99M $21.86M
YoY Change 10.46% -9.04%
LONG-TERM LIABILITIES
Long-Term Debt $36.49M $33.47M
YoY Change -27.69% -16.6%
Other Long-Term Liabilities $5.099M $4.955M
YoY Change 113.35% 657.65%
Total Long-Term Liabilities $41.59M $38.43M
YoY Change -21.31% -5.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.99M $21.86M
Total Long-Term Liabilities $41.59M $38.43M
Total Liabilities $69.58M $60.29M
YoY Change -11.01% -22.06%
SHAREHOLDERS EQUITY
Retained Earnings $91.69M $87.79M
YoY Change 23.23% 22.85%
Common Stock $13.09M $13.01M
YoY Change 2.49% 2.29%
Preferred Stock
YoY Change
Treasury Stock (at cost) $16.00M $16.00M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $104.0M $99.09M
YoY Change
Total Liabilities & Shareholders Equity $173.5M $159.4M
YoY Change 7.23% 1.21%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $4.452M $1.636M
YoY Change 29.31% 65.25%
Depreciation, Depletion And Amortization $1.478M $860.0K
YoY Change 21.75% 19.44%
Cash From Operating Activities $6.898M -$10.17M
YoY Change 140.6% -232.46%
INVESTING ACTIVITIES
Capital Expenditures $2.490M $1.611M
YoY Change 58.6% 129.81%
Acquisitions $750.0K
YoY Change
Other Investing Activities -$6.891M
YoY Change 818.8%
Cash From Investing Activities -$9.381M -$1.611M
YoY Change 304.35% 129.81%
FINANCING ACTIVITIES
Cash Dividend Paid $561.0K
YoY Change 12.88%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.109M 9.510M
YoY Change -547.34% -192.12%
NET CHANGE
Cash From Operating Activities 6.898M -10.17M
Cash From Investing Activities -9.381M -1.611M
Cash From Financing Activities 3.109M 9.510M
Net Change In Cash 626.0K -2.353M
YoY Change -522.97% -29.47%
FREE CASH FLOW
Cash From Operating Activities $6.898M -$10.17M
Capital Expenditures $2.490M $1.611M
Free Cash Flow $4.408M -$11.78M
YoY Change 239.86% -268.87%

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