Acme United Corporation (NYSE:ACU) Q4 2024 Earnings Conference Call February 28, 2025 12:00 PM ET
Company Participants
Walter Johnsen – Chairman & Chief Executive Officer
Paul Driscoll – Chief Financial Officer
Conference Call Participants
Jim Marrone – Singular Research
Jeffrey Matthews – Ram Partners
Richard Dearnley – Longport Partners
Jake Patterson – TALANTA Investment Group
Operator
Good day, and welcome to the Acme United Corporation’s Fourth Quarter 2024 Earnings Call.
At this time, I’d like to turn the call over to Walter Johnsen, Chairman and CEO. Please go ahead, sir.
Walter Johnsen
Good morning. Welcome to the fourth quarter and year 2024 earnings conference call for Acme United Corporation. I’m Walter C. Johnsen, Chairman and CEO. With me is Paul Driscoll, our Chief Financial Officer, who will first read the safe harbor statement. Paul?
Paul Driscoll
Forward-looking statements in this conference call, including, without limitation, statements related to the company’s plans, strategies, objectives, expectations, intentions and adequacy of capital and other resources are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including, among others, those arising as a result of the challenging global macroeconomic environment characterized by continued high inflation, high interest rates and the imposition of new tariffs or changes in existing tariff rates. In addition, we have experienced supply chain disruptions, and we may experience these disruptions in the future. We are also subject to additional risks and uncertainties as described in our periodic filings with the Securities and Exchange Commission and in our current earnings release.
Walter Johnsen
Thank you, Paul.
Acme United had a strong year in 2024. We had record net sales of $194.4 million and record EBITDA of $20 million. As you may recall, we sold our Cuda and Camillus
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