Acme United Clocks 5.8% Sales Growth In Q1 Backed By Solid Customer Base, New Product Launches
Acme United Clocks 5.8% Sales Growth In Q1 Backed By Solid Customer Base, New Product Launches
在稳固的客户群和新产品发布的支持下，Acme United Clocks在第一季度销售增长了5.8％
- Acme United Corporation (NYSE:ACU) reported first-quarter FY23 net revenue growth of 5.8% year-on-year to $45.84 million, beating the analyst consensus of $44.63 million.
- The company attributed the sales growth to the expansion of its customer base and new product introductions in the first aid and medical segment.
- Sales in the U.S. segment increased 9% Y/Y. Net sales in Canada decreased by 10%, mainly due to retailer inventory reductions, while it fell by 6% in Europe.
- Gross margin expanded to 35.5% for the quarter versus 34.5% last year on cost-saving initiatives implemented in the fall of 2022.
- Operating margin expanded 161 basis points to 4.8% in the quarter under review, while the operating income jumped 59.6% to $2.19 million.
- Cash and equivalents amounted to $2.76 million as of March 31, 2023.
- Net income rose 19.3% Y/Y to $990,000. EPS increased 27.3% to $0.28, missing the analyst consensus of $0.44.
- Continued inventory reductions by some large mass market customers partially hampered overall quarterly performance.
- "The Company is on track to realize projected annual savings of $5 million in 2023 due to the many productivity improvements we have been implementing," said CEO Walter C. Johnsen. "We look forward to growth and improved profitability in 2023."
- Price Action: ACU shares are trading higher by 0.76% at $25.10 on the last check Friday.
- Acme 联合公司 纽约证券交易所代码：ACU）报告称，23财年第一季度净收入同比增长5.8％，达到4,584万美元，超过了分析师共识的4,463万美元。
- 该公司将销售增长归因于其客户群的扩大以及急救和医疗领域的新产品的推出。
- 美国板块的销售额同比增长9％。加拿大的净销售额下降了10％，这主要是由于零售商库存减少，而欧洲则下降了6％。
- 由于2022年秋季实施的成本节约举措，本季度的毛利率从去年同期的34.5％扩大至35.5％。
- 在本报告所述季度，营业利润率增长了161个基点至4.8％，而营业收入增长了59.6％，达到219万美元。
- 截至2023年3月31日，现金及等价物为276万美元。
- 净收入同比增长19.3％，至99万美元。每股收益增长27.3％，至0.28美元，未达到分析师共识的0.44美元。
- 一些大型大众市场客户的持续库存削减在一定程度上阻碍了整体季度业绩。
- 首席执行官沃尔特·约翰森说：“由于我们一直在实施许多生产率改进，公司有望在2023年实现预计每年节省500万美元。”“我们期待在2023年实现增长和提高盈利能力。”
- 价格走势： 在周五的最后一张支票上，ACU股价上涨了0.76％，至25.10美元。