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ACCO(ACCO) - 2024 Q2 - Quarterly Results
2024-08-01 20:27
Exhibit 99.1 1 News Release ACCO BRANDS REPORTS SECOND QUARTER RESULTS • Consolidated leverage ratio of 3.7x at quarter-end; Net debt position decreased $130 million • Loss per share of ($1.29) includes impairment charges; adjusted EPS of $0.37, above the Company's outlook LAKE ZURICH, ILLINOIS, August 1, 2024 - ACCO Brands Corporation (NYSE: ACCO) today reported financial results for its second quarter and first six-months ended June 30, 2024. "Our prudent approach to cost management, as well as strategic ...
Five Star® Study App Now Compatible with Five Star® Wide Ruled Notetaking Products
Prnewswire· 2024-07-15 12:00
The power of handwritten notes combined with digital studying and organization to enhance student learning DAYTON, Ohio, July 15, 2024 /PRNewswire/ -- Five Star®, a leader in student-focused school products, is expanding its line of Five Star Study App compatible products to include wide ruled notebooks, composition books and filler paper to help meet the study needs of younger students. Now from the first spelling test to the last college final, students can benefit from combining the power of paper with d ...
How Much Upside is Left in Acco (ACCO)? Wall Street Analysts Think 114.88%
ZACKS· 2024-06-04 14:56
Acco Brands (ACCO) closed the last trading session at $5.04, gaining 1.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $10.83 indicates an 114.9% upside potential. The mean estimate comprises three short-term price targets with a standard deviation of $2.93. While the lowest estimate of $7.50 indicates a 48.8% increase from the current price level, the most optimistic analyst ex ...
ACCO Brands: Has New Management Found The Fire Extinguishers?
Seeking Alpha· 2024-05-13 00:07
stevecoleimages/E+ via Getty Images ACCO Brands (NYSE:ACCO) is a manufacturer of consumer products largely focused on office and school environments, as well as certain electronic products which serve those markets and extend beyond into gaming. ACCO’s primary historical feature from an investment standpoint is as a perpetual value stock – regardless of cash flows and earnings, the company’s shares have always been cheap from an objective standpoint. We’ve previously argued that a key factor for this pe ...
ACCO(ACCO) - 2024 Q1 - Earnings Call Transcript
2024-05-03 18:09
Start Time: 08:30 January 1, 0000 9:12 AM ET ACCO Brands Corporation (NYSE:ACCO) Q1 2024 Earnings Conference Call May 03, 2024, 08:30 AM ET Company Participants Tom Tedford - President and CEO Deborah O'Connor - EVP and CFO Christopher McGinnis - Senior Director of IR Conference Call Participants Gregory Burns - Sidoti Joseph Gomes - NOBLE Capital Kevin Steinke - Barrington Research Hale Holden - Barclays William Reuter - Bank of America Operator Hello, and welcome to the ACCO Brands First Quarter 2024 Earn ...
ACCO(ACCO) - 2024 Q1 - Earnings Call Presentation
2024-05-03 18:08
nummannum BRANDS ACCO Brands | 1Q Earnings Conference Call | May 3, 2024 Forward-Looking Statements Statements contained herein, other than statements of historical fact, particularly those anticipating future financial performance, business prospects, growth, strategies, business operations and similar matters, results of operations, liquidity and financial condition, and those relating to cost reductions and anticipated pre-tax savings and restructuring costs are "forward-looking statements" within the me ...
ACCO(ACCO) - 2024 Q1 - Quarterly Report
2024-05-03 17:33
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 001-08454 ACCO Brands Corporation (Exact Name of Registrant as Specified in Its Charter) Delaware 36-2704017 (State or Other Jurisdiction of (I. ...
ACCO(ACCO) - 2024 Q1 - Quarterly Results
2024-05-02 20:15
Exhibit 99.1 News Release ACCO BRANDS REPORTS FIRST QUARTER RESULTS • Reported net sales of $359 million, with gross margin expanding 120 basis points • On track to deliver over $20 million in cost savings from our multi-year cost savings program • Net operating cash flow improved $51 million, generated free cash flow of $26 million • Consolidated net leverage ratio of 3.5x at quarter-end • Loss per share of $(0.07); adjusted EPS of $0.03, in line with the Company's outlook LAKE ZURICH, ILLINOIS, May 2, 202 ...
ACCO(ACCO) - 2023 Q4 - Annual Results
2024-03-14 16:00
Exhibit 99.1 News Release ACCO BRANDS REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS AND PROVIDES OUTLOOK FOR 2024 Company Exceeds Full Year 2023 Outlook Full Year • Reported net sales of $1.833 billion, with gross margin expanding 420 basis points • Operating income of $45 million; adjusted operating income grew 17% to $205 million • Loss per share of $(0.23); adjusted EPS of $1.09, above the Company's outlook • Net operating cash flow improved $51 million, generated adjusted free cash flow of $118 mill ...
Why Acco Brands Stock Is Falling Today
The Motley Fool· 2024-02-23 20:22
Consumer and education products manufacturer Acco Brands (ACCO -14.02%) beat fourth-quarter expectations, but the company's guidance for 2024 underwhelmed. Investors appear disappointed, sending Acco shares down 12% as of 2 p.m. ET Friday. A tough environment takes its toll Acco is a supplier of branded academic, consumer, and business products, including Mead paper, Swingline staplers, Kensington locks, and At-A-Glance planners. The company earned $0.39 per share in the quarter on sales of $488.6 million, ...