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ACME UNITED REPORTS FIRST QUARTER RESULTS

 FAIRFIELD, Conn., April 26 /PRNewswire/ -- Acme United Corporation (AMEX: ACU) reported today a net loss of $133,588, or 4 cents per share, for the first quarter of 1993. This compares to a net loss of $108,113, or 3 cents per share, for the first quarter of 1992.
 Net sales for the first quarter of 1993 were $12,404,037, compared to net sales of $12,066,375 in the similar period of 1992.
 "We expect the second quarter will start to show the effects of our efforts to streamline our operations, reduce our costs, increase our sales, and improve our competitiveness," Mr. Wheeler said. "We should be at least moderately profitable in 1993."
 Acme United's Royl-Derm wound-care and skin-care products and its intravenous bubble and board are expected to contribute to its growth. Sales of the two product lines, now being introduced to the hospital and after-care market, are projected to be more than $2 million at an attractive margin in 1993, Mr. Wheeler said.
 The company also expects its European operations to produce higher sales by launching innovative new products and expanding into new markets, such as supermarket and drug chains.
 Acme United is a leading producer of metal disposable surgical instruments, sterile procedure trays, germicidal products and wound-are packs for hospitals and the after-care market as well as the largest producer of household shears, scissors and related products in the United States and Europe.
 There are 3,337,620 common shares outstanding.
 ACME UNITED CORPORATION
 Consolidated Statement of Income
 First Quarter Report 1993
 Three months ended 3/31/93 3/28/92
 Sales -- net $12,404,037 $12,066,375
 Loss before taxes (204,076) (83,650)
 Loss after taxes (133,588) (108,113)
 Loss per share $(.04) $(.03)
 Dividends per share .05 .05
 Total stockholders' equity 18,789,464 20,410,348
 Weighted average number of
 common shares outstanding 3,337,620 3,286,952
 All 1993 figures are subject to year-end audit.
 -0- 4/26/93
 /CONTACT: Stephen T. Bajda, senior vice president-finance of Acme United Corporation, 203-332-7330/
 (ACU)


CO: Acme United Corporation ST: Connecticut IN: HEA SU: ERN

CK-TS -- NY040 -- 0607 04/26/93 11:01 EDT
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Date:Apr 26, 1993
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