Acme United Corporation announced its financial results for the fourth quarter ended December 31, 2024, reporting a 10% increase in net sales to $45.9 million, up from $41.9 million in the fourth quarter of 2023. For the full year 2024, net sales reached $194.5 million, a 2% increase over $191.5 million in 2023.
Excluding the impact of the previously divested hunting and fishing product lines, full-year sales for 2024 increased by 6%. The company also reported a 9% increase in net income on an adjusted basis for the fourth quarter of 2024. For the entire year, adjusted net income saw a significant 23% increase.
These results indicate a strong finish to the year, with the company demonstrating growth in its core operations. The increase in net sales and adjusted net income reflects effective management and strategic positioning in its markets.
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