Acme United Corporation reported a 16% increase in net sales to $62.7 million for the second quarter of 2026, while net income rose 6% to $5.1 million, or $1.22 per diluted share. Excluding sales from the My Medic acquisition completed in January 2026, comparable three-month sales increased 8%. For the first half, net sales grew 15% to $115.0 million, but net income declined 6% to $6.0 million, or $1.46 per diluted share, primarily due to first-quarter results. The My Medic business, which sells tactical and emergency response products directly to consumers, contributed to sales growth but had minimal impact on earnings in the quarter and first half because of its seasonal nature, with the majority of profitability historically generated in the fourth quarter. Chairman and CEO Walter C. Johnsen noted record revenues and operating income in the quarter, with U.S. first aid sales excluding My Medic up 10% and Westcott cutting tools up 8%, while cautioning that elevated tariffs will continue to pressure margins at a decreasing rate.
Acme United CorporationAcme United reported a 16% increase in net sales and record revenues and operating income for Q2 2026.
HSBC Holdings PLC