$ACU
ACME UNITED CORP

2023 Q2 Form 10-Q Financial Statement

#000156459023007103 Filed on May 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $53.34M $45.84M $43.33M
YoY Change -6.05% 5.78% -0.44%
Cost Of Revenue $33.31M $29.56M $28.37M
YoY Change -12.85% 4.2% 1.53%
Gross Profit $20.02M $16.28M $14.97M
YoY Change 7.95% 8.77% -3.97%
Gross Profit Margin 37.54% 35.52% 34.54%
Selling, General & Admin $14.77M $14.09M $13.60M
YoY Change 1.37% 3.65% 7.75%
% of Gross Profit 73.78% 86.56% 90.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.214M $720.0K $1.026M
YoY Change 14.85% -29.82% 75.68%
% of Gross Profit 6.06% 4.42% 6.85%
Operating Expenses $14.77M $14.09M $13.60M
YoY Change 1.37% 3.65% 7.75%
Operating Profit $5.250M $2.188M $1.371M
YoY Change 32.04% 59.59% -53.81%
Interest Expense -$832.0K -$902.0K -$305.0K
YoY Change 96.69% 195.74% 38.01%
% of Operating Profit -15.85% -41.22% -22.25%
Other Income/Expense, Net $23.00K -$879.0K $2.000K
YoY Change -115.54% -44050.0% -100.67%
Pretax Income $4.441M $1.309M $1.068M
YoY Change 30.43% 22.57% -60.0%
Income Tax $998.0K $319.0K $238.0K
% Of Pretax Income 22.47% 24.37% 22.28%
Net Earnings $3.443M $990.0K $830.0K
YoY Change 25.75% 19.28% -59.43%
Net Earnings / Revenue 6.46% 2.16% 1.92%
Basic Earnings Per Share $0.97 $0.28 $0.24
Diluted Earnings Per Share $0.96 $0.28 $215.7K
COMMON SHARES
Basic Shares Outstanding 3.546M 3.538M 3.521M
Diluted Shares Outstanding 3.591M 3.541M 3.848M

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.401M $2.764M $5.307M
YoY Change 93.24% -47.92% 37.59%
Cash & Equivalents $3.401M $2.764M $5.307M
Short-Term Investments
Other Short-Term Assets $4.330M $4.960M $3.810M
YoY Change 18.21% 30.18% 53.82%
Inventory $55.94M $58.49M $60.72M
Prepaid Expenses
Receivables $39.80M $32.97M $34.61M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $103.5M $99.18M $104.4M
YoY Change -11.89% -5.03% 19.61%
LONG-TERM ASSETS
Property, Plant & Equipment $29.66M $26.40M $26.95M
YoY Change 12.86% -2.06% 8.51%
Goodwill $8.189M $8.189M
YoY Change 0.0%
Intangibles $19.78M $20.27M
YoY Change -8.53%
Long-Term Investments
YoY Change
Other Assets $750.0K $750.0K
YoY Change -50.0%
Total Long-Term Assets $58.38M $58.28M $48.64M
YoY Change -3.32% 19.83% 1.33%
TOTAL ASSETS
Total Short-Term Assets $103.5M $99.18M $104.4M
Total Long-Term Assets $58.38M $58.28M $48.64M
Total Assets $161.8M $157.5M $153.1M
YoY Change -8.98% 2.87% 13.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.72M $10.60M $10.94M
YoY Change -49.94% -3.13% 34.2%
Accrued Expenses $14.21M $1.216M $8.937M
YoY Change 40.25% -86.39% -21.07%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $411.0K $405.0K $389.0K
YoY Change 5.66% 4.11% 45.69%
Total Short-Term Liabilities $25.34M $24.03M $21.38M
YoY Change -23.25% 12.42% 3.41%
LONG-TERM LIABILITIES
Long-Term Debt $50.46M $40.14M $40.15M
YoY Change 0.4% -0.04% -1.17%
Other Long-Term Liabilities $2.390M $654.0K $600.0K
YoY Change 27.88% 9.0% 445.45%
Total Long-Term Liabilities $52.85M $40.79M $40.75M
YoY Change 1.38% 0.09% 0.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.34M $24.03M $21.38M
Total Long-Term Liabilities $52.85M $40.79M $40.75M
Total Liabilities $78.20M $77.35M $75.30M
YoY Change -20.2% 2.72% 6.53%
SHAREHOLDERS EQUITY
Retained Earnings $74.41M $71.46M $70.25M
YoY Change 2.64% 1.73% 17.78%
Common Stock $12.77M $12.72M $12.66M
YoY Change 0.92% 0.49% 4.2%
Preferred Stock
YoY Change
Treasury Stock (at cost) $16.00M $16.00M $16.00M
YoY Change 0.0% 0.0% 10.15%
Treasury Stock Shares $1.545M $1.545M
Shareholders Equity $83.65M $80.12M $77.77M
YoY Change
Total Liabilities & Shareholders Equity $161.8M $157.5M $153.1M
YoY Change -8.98% 2.87% 13.13%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $3.443M $990.0K $830.0K
YoY Change 25.75% 19.28% -59.43%
Depreciation, Depletion And Amortization $1.214M $720.0K $1.026M
YoY Change 14.85% -29.82% 75.68%
Cash From Operating Activities $2.867M $7.676M -$5.479M
YoY Change 830.84% -240.1% 1530.65%
INVESTING ACTIVITIES
Capital Expenditures $1.570M $701.0K -$518.0K
YoY Change -170.0% -235.33% -135.0%
Acquisitions
YoY Change
Other Investing Activities -$750.0K
YoY Change -92.19%
Cash From Investing Activities -$2.320M -$701.0K -$518.0K
YoY Change -80.43% 35.33% -65.0%
FINANCING ACTIVITIES
Cash Dividend Paid $497.0K $458.0K
YoY Change 8.52% 5.05%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -695.0K -10.32M 6.450M
YoY Change -107.26% -260.06% 319.38%
NET CHANGE
Cash From Operating Activities 2.867M 7.676M -5.479M
Cash From Investing Activities -2.320M -701.0K -518.0K
Cash From Financing Activities -695.0K -10.32M 6.450M
Net Change In Cash -148.0K -3.336M 464.0K
YoY Change -92.5% -818.97% -249.68%
FREE CASH FLOW
Cash From Operating Activities $2.867M $7.676M -$5.479M
Capital Expenditures $1.570M $701.0K -$518.0K
Free Cash Flow $1.297M $6.975M -$4.961M
YoY Change -49.16% -240.6% 173.18%

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CY2023Q1 us-gaap Inventory Finished Goods Net Of Reserves
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CY2023Q1 us-gaap Inventory Work In Process Net Of Reserves
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CY2023Q1 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
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CY2023Q1 us-gaap Inventory Net
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InventoryNet
63325000

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