Acme United (ACU) grows Q2 U.S., Canada Sales – European Sales Slip

QualityStocks would like to highlight Acme United Corporation (NYSE AMEX: ACU), a leading worldwide supplier of innovative cutting, measuring, and safety products to the school, home, office, hardware, and industrial markets.

In the company’s news today,

Acme United posted its second-quarter results for the three months ended June 30, 2011.

The company reported net sales for the quarter at $24.0 million, up 17 percent compared to $20.6 million in the comparable quarter of 2010.

Second-quarter net income was $1.7 million, or $.56 per diluted share, compared to $1.5 million, or $.48 per diluted share, for the comparable period last year, an increase of 11 percent in net income and 17 percent in diluted earnings per share.

Gross margins were 36.1 percent in the second quarter of 2011 compared to 36.7 percent in the comparable quarter of last year.

Operating profit for the second quarter increased 26 percent to $2.4 million compared to $1.9 million for the comparable period last year.

For the six-month period ended June 30, 2011, the company reported net sales for of $38.4 million, up 14 percent compared to $33.7 million in the same period in 2010.

Net income for the first half of 2011 was $1.8 million, or $0.60 per diluted share, compared to $1.7 million, or $.54 per diluted share, in the comparable period last year, representing a 5 percent increase in net income and 10 percent increase in diluted earnings per share.

Gross margins were 36.4 percent for the six-month period compared to 37.6 percent for the comparable period last year.

Operating profit was $2.6 million for the first half of 2011 increased 18 percent compared to $2.2 million for the comparable six months of last year.

The company reported a 22 percent increase in U.S. net sales for the second quarter; net sales in Canada increased 15 percent; while European net sales decreased 20 percent.

About QualityStocks

QualityStocks, based in Scottsdale, Arizona, is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their investor communication efforts and connecting subscribers with companies that have huge potential to succeed in the short and long-term future.

To sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net

Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net

Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.