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Acme United Reports Third Quarter 7% Sales Increase and 21% Increase in Earnings Per Share

03/09/2017

Raises 2016 Guidance for Second Time, Reflecting Continued Strong Performance and Prospects

FAIRFIELD, Conn.--(BUSINESS WIRE)--Oct. 20, 2016-- Acme United Corporation (NYSE MKT:ACU) today announced that net sales for the third quarter ended September 30, 2016 were $31.9 million, compared to $29.9 million in the comparable period of 2015, an increase of 7%. Net sales for the nine months ended September 30, 2016 were $98.2 million, compared to $86.7 million in the same period in 2015, an increase of 13%.

Net income for the quarter ended September 30, 2016 was $1.5 million, or $0.40 per diluted share, compared to $1.2 million, or $0.33per diluted share, for the 2015 period, a 22% increase in net income and 21% in earnings per share. Net income for the nine months ended September 30, 2016 was $5.3 million, or $1.49 per diluted share, compared to $4.4 million, or $1.18 per diluted share, in last year’s comparable period, a 22% increase in net income and 26% in earnings per share.

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