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Acme United Reports 14% Sales Increase and 25% EPS Increase for Fourth Quarter

03/09/2017

Acme United Corporation (NYSE MKT:ACU) today announced that net sales for the fourth quarter ended December 31, 2016 were $26.4 million compared to $23.1 million in the same period of 2015, an increase of 14%. Net sales for the year ended December 31, 2016 were $124.6 million, compared to $109.8 million in 2015, an increase of 13%.

For the quarter ended December 31, 2016, net income was $551,000, or $0.15 per diluted share, compared to $440,000, or $0.12 per diluted share, for the comparable period of 2015, both increases of 25%. Net income for the year ended December 31, 2016 was $5.9 million, or $1.64 per diluted share, compared to $4.8 million, or $1.30 per diluted share, for the prior year, an increase of 22% in net income and 26% in earnings per share.

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