Acme United Corp (NYSE MKT:ACU) Q3 2019 Earnings Conference Call - Final Transcript
Oct 18, 2019 • 12:00 pm ET
Paul G. Driscoll
to $47 million on September 30, 2018. During the 12-month period, we paid $1.6 million in dividends, spend $0.4 million on stock buybacks and generated $14 million in free cash flow. We were able to reduce inventory by $2.3 million or 6%, while growing the business 7%. We expect to end 2019 with approximately $35 million of net debt and to generate $7 million to $8 million in free cash flow for the year.
Walter C. Johnsen
Thank you, Paul. We'll now open the call to questions.