AcquisitionsMay 6, 2026, 04:23 PM
ACME UNITED Acquires My Medic; Q1 Net Sales Up 14% to $52.3M
AI Summary
ACME UNITED Corporation acquired the assets of My Medic for $18.6 million on January 15, 2026, which contributed $3.4 million in revenue for the quarter. For the first quarter of 2026, consolidated net sales increased 14% to $52.3 million, with comparable sales up 6%. However, net income decreased to $0.985 million from $1.653 million in the prior year, primarily due to higher cost of sales, increased SG&A expenses from the acquisition, and higher tariff-related costs in the U.S. segment.
Key Highlights
- ACME UNITED acquired My Medic assets for $18.6M on Jan 15, 2026.
- My Medic contributed $3.4M in revenue for Q1 2026.
- Q1 2026 net sales increased 14% to $52.3M ($45.96M in Q1 2025).
- Q1 2026 net income decreased to $0.985M ($1.653M in Q1 2025).
- Basic EPS for Q1 2026 was $0.26, down from $0.44 in Q1 2025.
- US segment net sales rose 12% to $43.77M.
- Long-term debt increased to $33.03M from $11.85M at Dec 31, 2025.
- Quarterly dividend declared per share increased to $0.16 from $0.15.