Classic Brands Meet Modern Technology
Acme United Corporation Classic Brands Meet Modern Technology 2012 Annual Report Financial Highlights (Amounts in thousands except per share data) 2010 2011 2012 Operating Results Net Sales $ 63,149 $ 73,302 $ 84,370 Operating Income 2,980 4,285 5,361 Net Income 2,573 2,811 3,549 Earnings Per Share 0.81 0.91 1.13 Financial Positions at December 31 Working Capital $ 33,410 $ 37,818 $ 46,679 Total Assets 49,581 55,222 67,828 Shareholders’ Equity 25,352 27,775 30,866 Net Sales 84,370 73,302 68,719 63,173 63,149 59,149 56,863 49,946 43,381 34,975 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 To Our Fellow Shareholders: Acme United had a very good year in 2012. Many of our the hardness of our blades, reduce friction, provide key initiatives came together, and our team executed non-stick properties and resist corrosion. Nearly well. More importantly, we believe we are positioned to all our technologies have been developed by our continue strong performance in 2013 and beyond. internal team. Net sales in 2012 increased 15% to a record $84.4 Leveraging Brands million. Operating income grew 25% to $5.4 million. We have acquired a number of companies, brands Net income was $3.5 million, an increase of 26%. and product families during the past several years. Earnings per share were $1.13, up from $.91 in the These brands – Clauss, Camillus and Pac-Kit – have prior year, or 24%. been integrated into our company, and together with During the past five years, we have expanded our our Westcott and Physician’s Care brands provided product and customer focus substantially.
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