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
在穩固的客戶羣和新產品發佈的支持下，Acme United Clocks在第一季度銷售增長了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 聯合公司 紐約證券交易所代碼：ACU）報告稱，23財年第一季度淨收入同比增長5.8％，達到4,584萬美元，超過了分析師共識的4,463萬美元。
- 該公司將銷售增長歸因於其客戶羣的擴大以及急救和醫療領域的新產品的推出。
- 美國板塊的銷售額同比增長9％。加拿大的淨銷售額下降了10％，這主要是由於零售商庫存減少，而歐洲則下降了6％。
- 由於2022年秋季實施的成本節約舉措，本季度的毛利率從去年同期的34.5％擴大至35.5％。
- 在本報告所述季度，營業利潤率增長了161個基點至4.8％，而營業收入增長了59.6％，達到219萬美元。
- 截至2023年3月31日，現金及等價物爲276萬美元。
- 淨收入同比增長19.3％，至99萬美元。每股收益增長27.3％，至0.28美元，未達到分析師共識的0.44美元。
- 一些大型大衆市場客戶的持續庫存削減在一定程度上阻礙了整體季度業績。
- 首席執行官沃爾特·約翰森說：“由於我們一直在實施許多生產率改進，公司有望在2023年實現預計每年節省500萬美元。”“我們期待在2023年實現增長和提高盈利能力。”
- 價格走勢： 在週五的最後一張支票上，ACU股價上漲了0.76％，至25.10美元。