Acme United Corporation. (ACU) financial statements (2022 and earlier)

Company profile

Business Address 1 WATERVIEW DRIVE
SHELTON, CT 06484
State of Incorp. CT
Fiscal Year End December 31
SIC 342 - Cutlery, Handtools, And General Hardware (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,8434,1676,8224,4099,3385,9112,426
Cash and cash equivalents4,8434,1676,8224,4099,3385,9112,426
Receivables34,22127,17325,48525,10226,01220,02119,565
Inventory, net of allowances, customer advances and progress billings53,55250,70439,26141,33240,08737,23835,508
Inventory53,55250,70439,26141,33240,08737,23835,508
Other undisclosed current assets2,6341,6411,5782,1492,3802,2942,135
Total current assets:95,25183,68673,14672,99277,81865,46359,633
Noncurrent Assets
Operating lease, right-of-use asset3,1302,4222,989
Property, plant and equipment24,02720,23914,03614,54313,7287,9737,401
Intangible assets, net (including goodwill)22,03023,52120,48921,74122,57817,93613,357
Goodwill4,8004,8004,6964,6964,6963,9481,406
Intangible assets, net (excluding goodwill)17,23118,72115,79317,04417,88213,98811,951
Other noncurrent assets  89899625148
Other undisclosed noncurrent assets   113510669881
Total noncurrent assets:49,18846,18237,60336,48636,91226,60321,788
TOTAL ASSETS:144,439129,868110,749109,478114,73092,06681,421
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18,88619,06115,26913,09816,51612,82011,937
Accounts payable8,9777,6016,6937,98311,1517,3396,664
Accrued liabilities9,90911,4608,5765,1155,3655,4815,273
Debt3892671,314267267  
Other undisclosed current liabilities1,000873     
Total current liabilities:20,27520,20116,58313,36516,78312,82011,937
Noncurrent Liabilities
Long-term debt and lease obligation35,40140,42135,20140,28343,45032,93625,913
Long-term debt, excluding current maturities33,03738,76733,24040,28343,45032,93625,913
Operating lease, liability2,3641,6541,961
Liabilities, other than long-term debt5991108253847190388
Deferred income tax liabilities59911049
Other liabilities  3253847190388
Other undisclosed noncurrent liabilities11,0816,4193,1783,4443,711  
Total noncurrent liabilities:47,08246,95138,46143,78148,00933,12626,301
Total liabilities:67,35767,15155,04457,14564,79245,94638,238
Stockholders' equity
Stockholders' equity attributable to parent77,08262,71655,70552,33249,93846,12043,184
Common stock12,65512,10112,09412,09412,09411,97211,877
Treasury stock, value(15,996)(14,522)(14,235)(14,235)(13,870)(13,870)(12,963)
Additional paid in capital11,9307,9318,2628,9828,8818,4939,460
Accumulated other comprehensive loss(1,381)(826)(1,988)(2,058)(1,634)(2,336)(2,531)
Retained earnings69,87358,03351,57147,55044,46741,86237,340
Total stockholders' equity:77,08262,71655,70552,33249,93846,12043,184
TOTAL LIABILITIES AND EQUITY:144,439129,868110,749109,478114,73092,06681,421

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues182,088164,003142,457137,321130,550124,574109,812
Revenue, net130,550124,574109,812
Cost of revenue
(Cost of Goods and Services Sold)
(117,287)(104,408)(90,456)(86,672)(82,651)(79,019)(70,251)
Other undisclosed gross profit    00(0)
Gross profit:64,80059,59552,00150,64947,89945,55539,561
Operating expenses(52,030)(48,182)(43,572)(43,192)(40,103)(37,113)(32,214)
Operating income:12,77011,4138,4297,4577,7968,4427,347
Nonoperating income (expense)3,313(1,586)(1,886)(1,926)(1,303)(945)(733)
Other nonoperating income (expense)(195)(666)(98)(67)24(77)(167)
Interest and debt expense(922)(944)(1,828)(1,891)(1,357)(869)(570)
Other undisclosed income from continuing operations before equity method investments, income taxes 9441,8281,8911,357869570
Income from continuing operations before equity method investments, income taxes:15,1619,8276,5435,5316,4937,4976,614
Other undisclosed income from continuing operations before income taxes14      
Income from continuing operations before income taxes:15,1759,8276,5435,5316,4937,4976,614
Income tax expense(1,519)(1,728)(1,030)(933)(2,441)(1,646)(1,821)
Net income available to common stockholders, diluted:13,6568,0995,5144,5984,0525,8514,794

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:13,6568,0995,5144,5984,0525,8514,794
Other comprehensive loss (690)(192)(34)(215)  
Comprehensive income:13,6567,4095,3224,5643,8375,8514,794
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(555)1,852381(390)918195(884)
Comprehensive income, net of tax, attributable to parent:13,1019,2615,7034,1744,7556,0463,910

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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