Acme United Corporation reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 41.94 million compared to USD 44.1 million a year ago. Net income was USD 11.21 million compared to net loss of USD 0.597 million a year ago. Basic earnings per share from continuing operations was USD 3.1 compared to basic loss per share from continuing operations of USD 0.17 a year ago. Diluted earnings per share from continuing operations was USD 2.87 compared to diluted loss per share from continuing operations of USD 0.17 a year ago.
For the full year, sales was USD 191.5 million compared to USD 193.96 million a year ago. Net income was USD 17.79 million compared to USD 3.04 million a year ago. Basic earnings per share from continuing operations was USD 4.98 compared to USD 0.86 a year ago. Diluted earnings per share from continuing operations was USD 4.86 compared to USD 0.82 a year ago.