Acme United Corp. (ACU) reported that its first-quarter net income increased to $309,000 or $0.10 per share from $260,000 or $0.08 per share in the comparable period last year.
Net sales for the quarter were $17.7 million, compared to $16.9 million in the first quarter of 2012, an increase of 5%.
Net sales for the first quarter of 2013 in the U.S. segment increased 12% compared to the same period in 2012 mainly due to higher sales of Camillus knives and the acquisition of the C-Thru Ruler Company.
Net sales in Canada in the first quarter of 2013 decreased 2% in both U.S. dollars and local currency compared to the same period in 2012. European net sales in the first quarter of 2013 decreased 31% in both U.S. dollars and local currency compared to the first quarter of 2012 primarily due to the bankruptcy and liquidation of a large customer in the second quarter of 2012.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.