Acme United(ACU) - 2024 Q4 - Annual Results

Financial Performance - Net sales for Q4 2024 increased by 10% to $45.9 million compared to$41.9 million in Q4 2023[1] - Net income for Q4 2024 was $1.70 million, representing a 9$1.56 million in Q4 2023[2] - For the year 2024, net sales were $194.5 million, a 2$191.5 million in 2023[1] - Excluding the impact of the sale of the Camillus and Cuda product lines, net sales for 2024 increased by 6% compared to 2023[1] - The U.S. segment saw a 12% increase in net sales for Q4 2024 compared to the same period in 2023[5] Acquisition and Integration - The acquisition of Elite First Aid in May 2024 has been fully integrated, with plans for aggressive expansion in 2025[4] Profitability and Cash Flow - Gross margin for the year 2024 improved to 39.3% from 37.7% in 2023, driven by productivity improvements[9] - The company generated approximately $5.0 million in free cash flow during 2024[10] Assets and Liquidity - Total assets increased to$162.2 million as of December 31, 2024, up from $149.2 million in 2023[23] - The company has strong liquidity and is positioned for further acquisitions and growth in 2025[4]