Washington, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934.

                                   May 7, 2004
                Date of Report (Date of earliest event reported)

                                ACETO CORPORATION
             (Exact name of registrant as specified in its charter)

    New York                         0-4217                     11-1720520
------------------          ------------------------           ------------
   (State of                (Commission File Number)           (IRS Employer
 Incorporation)                                                I.D. Number)

                           One Hollow Lane, Suite 201
                          Lake Success, New York 11042
                                 (516) 627-6000
                         (Address and telephone number
                         of principal executive offices)

                                 with copies to:

                                Hank Gracin, Esq.
                               Lehman & Eilen, LLP
                         50 Charles Lindbergh Boulevard
                                    Suite 505
                               Uniondale, NY 11553
                               Tel: (516) 222-0888
                               Fax: (516) 222-0948

Item 12.    Results of Operations and Financial Condition

            On May 7, 2004, Aceto Corporation, a New York corporation (the
"Registrant") issued the attached press release that included financial
information for its third quarter of fiscal 2004. A copy of the press release is
furnished as Exhibit 99.1 to this Report on Form 8-K. The information contained
in the press release shall not be deemed incorporated by reference into any of
the Registrant's registration statements filed with the Commission.


       Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this Report to be signed on its behalf
by the undersigned hereunto duly authorized.

                                                    ACETO CORPORATION

May 7, 2004                                     By: /S/ LEONARD S. SCHWARTZ
                                                    Leonard S. Schwartz,
                                                    President and Chief
                                                    Executive Officer