ACCO(US:ACCO)2025-05-02 11:16Financial Performance - ACCO Brands' Q1 2025 net sales were $317.4 million, a decrease of 11.6% compared to $358.9 million in Q1 2024[26, 86] - The company reported an adjusted loss per share of ($0.02) in Q1 2025, compared to an adjusted earnings per share of $0.03 in Q1 2024[26] - Free cash flow for Q1 2025 was $3 million, a decrease from $26 million in Q1 2024[15, 44] - The company's gross margin expanded by 60 basis points due to favorable sales mix and productivity[15] - SG&A costs decreased by 1.6% year-over-year, primarily due to cost savings initiatives[26] Segment Performance - ACCO Brands Americas' sales decreased by 11.8% to $173.9 million in Q1 2025 from $197.2 million in Q1 2024[30] - ACCO Brands International's sales decreased by 11.3% to $143.5 million in Q1 2025 from $161.7 million in Q1 2024[30] Cost Reduction Program - The company is executing a $100 million cost reduction program, with $32 million realized since inception[15, 23] - $7 million in savings were achieved in Q1 2025, and the company is on track to deliver $40 million in pre-tariff savings in 2025[25] Capital Structure and Allocation - As of March 31, 2025, the company had $135 million in cash on hand[40] - The company repurchased $15 million in stock during Q1 2025[15] - The consolidated leverage ratio was 3.65x at the end of Q1 2025[40] Outlook - The company expects Q2 2025 net sales to be in the range of $386 million to $403 million, representing a decrease of 8% to 12%[49] - Adjusted EPS for Q2 2025 is expected to be between $0.28 and $0.32[49]