ACCO Brands Corporation(ACCO)- NYSE
  • Tue, Aug. 2, 3:33 PM
    | Tue, Aug. 2, 3:33 PM
  • Tue, Aug. 2, 10:31 AM
    • ACCO Brands (ACCO -9.1%) reports comparable sales growth of 1% in Q2, driven by strong back-to-school sell-in in North America.
    • Acquisition contributed 4 percentage point of growth in the quarter.
    • Foreign exchange negatively impacted sales by 2%.
    • North America sales rose 4% to $279.1M (+5% on a constant currency basis).
    • ACCO Brands International sales grew 5% to $101.3M (-5% on a constant currency  basis).
    • Computer Products sales increased 1% to $29.7M (-2% on a constant currency basis).
    • Gross margin rate improved 80 bps to 32.9%.
    • Adjusted operating margin rate flat Y/Y at 12.5%.
    • Adjusted EBITDA margin slipped 30 bps to 17%.
    • FY2016 Guidance: Net sales: to increase low single digits; Adjusted EPS: $0.80 to $0.84; Free cash flow: ~$140M.
    | Tue, Aug. 2, 10:31 AM | 2 Comments
  • Wed, Apr. 27, 7:59 AM
    • ACCO Brands (NYSE:ACCO) reports net sales rose 1% on a constant currency basis in Q1 primarily due to price increases.
    • North America sales squeezed 1% to $165.7M (+1% on a constant currency basis).
    • ACCO Brands International sales fell 10% to $85.3M (+2% on a constant currency basis).
    • Computer Products sales decreased 6% to $27.1M (-4% on a constant currency basis).
    • Gross margin rate improved 190 bps to 29.6%.
    • Adjusted operating margin rate grew 190 bps to 2.6%.
    • Adjusted EBITDA margin expanded 170 bps to 8.7%.
    • FY2016 Guidance: Net sales: to increase low single digits; Adjusted EPS: $0.78 to $0.82; Free cash flow: ~$135M.
    | Wed, Apr. 27, 7:59 AM
  • Tue, Mar. 22, 9:58 AM
    | Tue, Mar. 22, 9:58 AM | 2 Comments
  • Wed, Feb. 10, 7:24 AM
    • ACCO Brands (NYSE:ACCO) reports net sales fell 2% on a constant currency basis in Q4.
    • North America sales decreased 2.1% to $248.2M (-0.4% on a constant currency basis).
    • ACCO Brands International sales declined 23% to $131.3M (-5.2% on a constant currency basis).
    • Computer Products sales slipped 8.9% to $32.6M (-1.4% on a constant currency basis).
    • Gross margin rate dropped 70 bps to 33.4%.
    • Adjusted operating margin rate squeezed 190 bps to 13.8%.
    • Adjusted EBITDA margin -140 bps to 18.8%.
    • FY2016 Guidance: Net sales: decline in the mid-to-high single digits (inclusive of negative 4% impact from foreign currency translation); Adjusted EPS: $0.73 to $0.77; Free cash flow: ~$135M.
    | Wed, Feb. 10, 7:24 AM
  • Oct. 28, 2015, 9:49 AM
    • ACCO Brands (ACCO +2.4%) reports net sales dropped 4% on a constant currency basis in Q3.
    • North America sales fell 6% to $279.8M (-4% on a constant currency basis).
    • ACCO Brands International sales decreased 26% to $104.3M (-5% on a constant currency basis).
    • Computer Products sales declined 13% to $35.8M (-6% on a constant currency basis).
    • Gross margin rate slipped 20 bps to 32.3%.
    • Adjusted operating margin rate remained flat at 13.2%.
    • FY2015 Guidance: Net sales: to decline low-double-digits (inclusive of currency); Adjusted EPS: $0.75 to $0.78; Free cash flow: ~$140M.
    | Oct. 28, 2015, 9:49 AM | 1 Comment
  • Jul. 29, 2015, 7:57 AM
    • ACCO Brands (NYSE:ACCO) boosts guidance on an outlook for a milder sales decline than originally forecast.
    • FY15 EPS of $0.75-$0.78 is seen vs. $0.70-$0.74 prior and $0.72 consensus.
    • ACCO +3.06% premarket after topping Q2 earnings estimates.
    | Jul. 29, 2015, 7:57 AM
  • Feb. 11, 2015, 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.
    | Feb. 11, 2015, 8:02 AM | 1 Comment
  • Oct. 29, 2014, 12:45 PM
    | Oct. 29, 2014, 12:45 PM
  • Oct. 30, 2013, 12:45 PM
    | Oct. 30, 2013, 12:45 PM
  • Apr. 26, 2013, 3:44 PM

    ACCO 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)

    | Apr. 26, 2013, 3:44 PM
  • Apr. 17, 2012, 9:09 AM

    ACCO Brands (ABD) -6.6% premarket after issuing downward guidance for Q1, seeing EPS of -$0.05, excluding non-recurring items, vs. $0.02 consensus, and revenues of $288.9M vs. $299.6M consensus. The company says sales were up in all major geographies except Europe and Canada.

    | Apr. 17, 2012, 9:09 AM
  • Dec. 9, 2011, 2:42 PM

    Office products manufacturer ACCO Brands (ABD +5%) trades higher after KeyBanc initiates the shares with a Buy, saying that valuations are compelling even without factoring in the synergies from its merger with MeadWestvaco.

    | Dec. 9, 2011, 2:42 PM
  • Jul. 27, 2011, 3:01 PM

    Office 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)

    | Jul. 27, 2011, 3:01 PM
Company Description
ACCO Brands Corp. engages in the manufacture and marketing of office, school, calendar products and select computer and electronic accessories. It operates through the followings segments: ACCO Brands North America and ACCO Brands International and Computer Products Group. The ACCO Brands North... More
Industry: Office Supplies
Country: United States