Core Viewpoint - Acme United Corporation experienced a 14% decrease in net income for Q3 2025 compared to Q3 2024, primarily due to a one-time tax benefit from the previous year, not a decline in operational performance [1][3]. Financial Performance - Net sales for Q3 2025 were approximately $49.1 million, reflecting a 2% increase from $48.2 million in Q3 2024 [2]. - The gross margin improved from about 38.5% in Q3 2024 to 39.1% in Q3 2025, indicating effective cost management and a favorable product mix [2]. Operational Insights - The company reported a 3% increase in operating income, demonstrating ongoing profitability despite external challenges [4]. - First aid revenues rose by 9% due to strong online and refill sales, although revenues from Westcott cutting tools were negatively impacted by tariffs, leading to the cancellation of retail promotions [4]. Strategic Positioning - The company is focused on reducing debt and maintaining a strong balance sheet, positioning itself for future growth opportunities, both organically and through acquisitions [4]. - Analysts maintain a buy recommendation for Acme United Corp., with a price target of $52.61 for 2025, representing a 42% upside from the current stock price [4][6].