Acme United(ACU)2025-04-17 13:20Financial Performance - Net sales for Q1 2025 were 45.0 million in Q1 2024[1] - Net income for Q1 2025 was 0.41 per diluted share, reflecting a 1% increase in net income and a 5% increase in diluted earnings per share compared to Q1 2024[2] - Gross margin improved to 39.0% in Q1 2025 from 38.7% in Q1 2024[7] Sales Performance by Segment - First aid product sales increased by 14% in Q1 2025, while Westcott cutting tools sales declined due to a lack of repeat orders from a major retailer[3] - U.S. segment net sales increased by 3% in Q1 2025 compared to the same period in 2024, driven by strong first aid and medical product sales[4] - European net sales decreased by 7% in U.S. dollars and 4% in local currency compared to Q1 2024, primarily due to a large promotion that did not repeat[5] - Canadian net sales increased by 5% in U.S. dollars and 6% in local currency compared to Q1 2024, with strong first aid product sales[6] Strategic Initiatives - The company paid approximately 12.0 million in free cash flow during the twelve-month period ended March 31, 2025[7] - The company expects to achieve more than $2.0 million in productivity savings this year from operational investments[3] - The company is exploring opportunities for strategic acquisitions to increase market share[3]