Acme United Reports Record Third Quarter Earnings of $0.58 Per Diluted Share
Net sales for the nine months ended September 30, 2023 were $149.6 million compared to $149.8 million in the same period in 2022.
- Net sales for the nine months ended September 30, 2023 were $149.6 million compared to $149.8 million in the same period in 2022.
- Net income was $2.2 million, or $0.58 per diluted share, for the three months ended September 30, 2023, compared to $64,000, or $0.02 per diluted share, for the same period in 2022.
- Net income for the nine months ended September 30, 2023 was $6.6 million, or $1.83 per diluted share, compared to $3.6 million, or $0.96 per diluted share, for the same period in 2022, an increase of 82% in net income and 91% in diluted earnings per share.
- However, demand in the third quarter of 2023 was lower than in the third quarter of last year for school and office products.