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Here is how Acme United Corporation. (ACU) and iPower Inc. (IPW) have performed compared to their sector so far this year.
Discretionary stocks like Acme United Corporation (ACU), PlayAGS, Inc. (AGS), Netflix, Inc. (NFLX) and Royal Caribbean Cruises Ltd. (RCL) are expected to benefit from the solid GDP growth.
Acme United reported strong Q2 results with 8% organic sales growth, improved gross margins, and 29% increase in bottom line. The company's push into medical supplies is paying off, with recent acquisitions expanding product selection and customer base. Valuation shows ACU stock is trading at a decent discount to its intrinsic value, making it a good buy at current prices.
Acme United Corporation (NYSE:ACU ) Q2 2024 Earnings Conference Call July 19, 2024 12:00 PM ET Company Participants Walter Johnsen - Chairman & CEO Paul Driscoll - CFO Conference Call Participants Tim Call - Capital Management Corporation Jeffrey Matthews - Ram Partners Operator Good day, and welcome to the Acme United Corporation's Q2 2024 Earnings. At this time, I would like to turn the call over to Walter Johnsen, Chairman and CEO.
Acme United Corporation. (ACU) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $0.94 per share.