earnings
confidence high
sentiment positive
materiality 0.75
ACCO Brands Q1 sales +7.6% to $441.6M; adj EPS $0.11; raises FY outlook
ACCO BRANDS Corp
2022-Q1 EPS reported
-$0.03
revenue$441,600,000
- Net sales $441.6M (+7.6% reported, +11.2% comparable); all segments posted comparable sales growth.
- Adjusted EPS $0.11 vs $0.10; reported EPS ($0.03) improved from ($0.21) on higher op income and lower interest.
- International segment sales +18.8% (+22.7% comparable) driven by Brazil and Mexico return to in-person education.
- FY 2022 outlook raised: comparable net sales growth 3.5%-8.5% (prior 2%-7%); comparable adjusted EPS $1.52-$1.62 (prior $1.50-$1.60).
- Quarterly dividend of $0.075/share declared, payable June 22, 2022 to holders of record May 27, 2022.