Wed, Feb. 11, 8:02 AM
- ACCO Brands (NYSE:ACCO) reports net sales declined 5% on a constant currency basis in Q4.
- North America sales fell 6% to $253.5M (-5% on a constant currency basis).
- ACCO Brands International sales dropped 9% to $170.6M (-1% on a constant currency basis).
- Computer Products sales decreased 22% to $35.8M (-18% on a constant currency basis).
- Gross margin rate increased 35 bps to 34.12%.
- Adjusted operating margin rate remained flat at 15.7%.
- FY2015 Guidance: Net sales: to decline in the mid-single digits (before currency impact) & to decline in the high-single or low-double digits (after currency impact); Adjusted EPS: $0.78 to $0.82 (before currency impact) & $0.70 to $0.74 (after currency impact); Free cash flow: ~$140M.
Oct. 29, 2014, 12:45 PM
Oct. 30, 2013, 12:45 PM
Apr. 26, 2013, 3:44 PMACCO Brands (ACCO -5.2%) is among today's big decliners after its Q1 top and bottom line miss. The stock's woes can be partly attributed to the company's outlook, as FY13 revenue guidance ("roughly even with the prior year") disappointed the market. On the call, CJS Securities analyst Arnold Ursaner questioned whether the company's plan to improve gross margins by 100 basis points during the year was still realistic given the tepid top line guidance. CEO Boris Elisman said that margin expansion is "still part of the plan." (transcript) | Comment!
Apr. 17, 2012, 9:09 AM
Dec. 9, 2011, 2:42 PM
Jul. 27, 2011, 3:01 PMOffice supplies manufacturer ACCO Brands (ABD +14.2%) soars after reporting Q2 revenue and EPS of $330.2M (+8% Y/Y) and $0.15, beating a consensus of $325.1M and $0.09. The company is reiterating its 2011 revenue growth guidance of 2-4%, but now forecasts EPS growth to be at the high end of a prior 20-30% guidance range. (PR) (transcript) | Comment!
ACCO vs. ETF Alternatives
ACCO Brands Corp is amanufacturer & marketer of office, school & calendar products and select computer and electronic accessories.It sell itsproducts to consumers & commercial end-users through resellers, including traditional office supply resellers.
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