$ACU
ACME UNITED CORP

2022 Q1 Form 10-Q Financial Statement

#000156459022018941 Filed on May 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $43.33M $43.53M
YoY Change -0.44% 21.66%
Cost Of Revenue $28.37M $27.94M
YoY Change 1.53% 25.6%
Gross Profit $14.97M $15.59M
YoY Change -3.97% 15.19%
Gross Profit Margin 34.54% 35.81%
Selling, General & Admin $13.60M $12.62M
YoY Change 7.75% 9.53%
% of Gross Profit 90.84% 80.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.026M $584.0K
YoY Change 75.68% 2.82%
% of Gross Profit 6.85% 3.75%
Operating Expenses $13.60M $12.62M
YoY Change 7.75% 9.53%
Operating Profit $1.371M $2.968M
YoY Change -53.81% 47.66%
Interest Expense -$305.0K -$221.0K
YoY Change 38.01% -29.84%
% of Operating Profit -22.25% -7.45%
Other Income/Expense, Net $2.000K -$298.0K
YoY Change -100.67% -16.76%
Pretax Income $1.068M $2.670M
YoY Change -60.0% 61.62%
Income Tax $238.0K $624.0K
% Of Pretax Income 22.28% 23.37%
Net Earnings $830.0K $2.046M
YoY Change -59.43% 60.22%
Net Earnings / Revenue 1.92% 4.7%
Basic Earnings Per Share $0.24 $0.61
Diluted Earnings Per Share $215.7K $0.52
COMMON SHARES
Basic Shares Outstanding 3.521M 3.347M
Diluted Shares Outstanding 3.848M 3.911M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.307M $3.857M
YoY Change 37.59% -9.71%
Cash & Equivalents $5.307M $3.857M
Short-Term Investments
Other Short-Term Assets $3.810M $2.477M
YoY Change 53.82% 28.61%
Inventory $60.72M $49.39M
Prepaid Expenses
Receivables $34.61M $31.59M
Other Receivables $0.00 $0.00
Total Short-Term Assets $104.4M $87.32M
YoY Change 19.61% 24.98%
LONG-TERM ASSETS
Property, Plant & Equipment $26.95M $24.84M
YoY Change 8.51% 47.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $48.64M $48.00M
YoY Change 1.33% 25.45%
TOTAL ASSETS
Total Short-Term Assets $104.4M $87.32M
Total Long-Term Assets $48.64M $48.00M
Total Assets $153.1M $135.3M
YoY Change 13.13% 25.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.94M $8.151M
YoY Change 34.2% 57.17%
Accrued Expenses $8.937M $11.32M
YoY Change -21.07% 42.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $389.0K $267.0K
YoY Change 45.69% 0.0%
Total Short-Term Liabilities $21.38M $20.67M
YoY Change 3.41% 54.15%
LONG-TERM LIABILITIES
Long-Term Debt $40.15M $40.63M
YoY Change -1.17% 9.91%
Other Long-Term Liabilities $600.0K $110.0K
YoY Change 445.45% -94.28%
Total Long-Term Liabilities $40.75M $40.74M
YoY Change 0.04% 4.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.38M $20.67M
Total Long-Term Liabilities $40.75M $40.74M
Total Liabilities $75.30M $70.69M
YoY Change 6.53% 35.16%
SHAREHOLDERS EQUITY
Retained Earnings $70.25M $59.64M
YoY Change 17.78%
Common Stock $12.66M $12.15M
YoY Change 4.2%
Preferred Stock
YoY Change
Treasury Stock (at cost) $16.00M $14.52M
YoY Change 10.15%
Treasury Stock Shares $1.545M $1.502M
Shareholders Equity $77.77M $64.63M
YoY Change
Total Liabilities & Shareholders Equity $153.1M $135.3M
YoY Change 13.13% 25.15%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $830.0K $2.046M
YoY Change -59.43% 60.22%
Depreciation, Depletion And Amortization $1.026M $584.0K
YoY Change 75.68% 2.82%
Cash From Operating Activities -$5.479M -$336.0K
YoY Change 1530.65% -142.37%
INVESTING ACTIVITIES
Capital Expenditures -$518.0K $1.480M
YoY Change -135.0% 147.91%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$518.0K -$1.480M
YoY Change -65.0% -44.59%
FINANCING ACTIVITIES
Cash Dividend Paid $458.0K $436.0K
YoY Change 5.05% 9.0%
Common Stock Issuance & Retirement, Net $182.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.450M 1.538M
YoY Change 319.38% -392.4%
NET CHANGE
Cash From Operating Activities -5.479M -336.0K
Cash From Investing Activities -518.0K -1.480M
Cash From Financing Activities 6.450M 1.538M
Net Change In Cash 464.0K -310.0K
YoY Change -249.68% -87.84%
FREE CASH FLOW
Cash From Operating Activities -$5.479M -$336.0K
Capital Expenditures -$518.0K $1.480M
Free Cash Flow -$4.961M -$1.816M
YoY Change 173.18% -1026.53%

Facts In Submission

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