ACCO(ACCO) - 2023 Q4 - Annual Results

Sales Performance - Q1 2023 reported net sales for ACCO Brands Americas were $230.0 million, down from $244.4 million in Q1 2022, representing a decrease of 5.9%[4] - Total reported net sales for Q1 2023 were $402.6 million, a decline of 8.8% from $441.6 million in Q1 2022[4] - Q2 2023 reported net sales for ACCO Brands Americas increased to $336.4 million, while adjusted operating income rose to $66.8 million, reflecting a margin of 19.9%[4] - Total reported net sales for Q2 2023 were $493.6 million, with an adjusted operating income of $66.2 million, representing a margin of 13.4%[4] - Q3 2023 reported net sales for ACCO Brands Americas were $284.4 million, with an adjusted operating income of $40.0 million, reflecting a margin of 14.1%[4] - Total reported net sales for Q3 2023 were $448.0 million, with an adjusted operating income of $46.0 million, representing a margin of 10.3%[4] - Q4 2023 reported net sales for ACCO Brands Americas were $284.9 million, with an adjusted operating income of $49.6 million, reflecting a margin of 17.4%[4] - Total year-to-date reported net sales were $1,832.8 million[4] Operating Income - Q1 2023 adjusted operating income for ACCO Brands Americas was $18.7 million, with an adjusted operating income margin of 8.1%, compared to $21.9 million and 9.0% in Q1 2022[4] - Q2 2023 adjusted operating income rose to $66.8 million, reflecting a margin of 19.9%[4] - Total reported net sales for Q2 2023 were $493.6 million, with an adjusted operating income of $66.2 million, representing a margin of 13.4%[4] - Q3 2023 adjusted operating income was $40.0 million, reflecting a margin of 14.1%[4] - Total reported net sales for Q3 2023 were $448.0 million, with an adjusted operating income of $46.0 million, representing a margin of 10.3%[4] - Q4 2023 adjusted operating income was $49.6 million, reflecting a margin of 17.4%[4] - Total year-to-date adjusted operating income was $204.8 million, representing a margin of 11.2%[4] - The company reported a total adjusted operating income margin improvement of 30.6% year-to-date compared to the previous year[4]