secwatch.observer — SEC 8-K summary
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Issuer:     ACCO BRANDS Corp (ACCO)
CIK:        0000712034
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000950170-23-017927
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACCO Brands Q1 sales $403M above outlook; adj. EPS $0.09 beats; reaffirms FY23 guidance
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- Net sales $402.6M, down 8.8% YoY but above company outlook; gross margin improved 250 bps.
- Adjusted operating income $24.3M, up 8% YoY; reported operating income $10.1M, up 49%.
- Adjusted EPS $0.09 (above outlook) vs. $0.11 prior year; reported EPS ($0.04).
- Operating cash outflow improved $82M to $23.2M; free cash outflow $25.2M vs $107.6M.
- Reaffirmed FY23: adj. EPS $1.08-$1.12, FCF at least $100M; Q2 adj. EPS guidance $0.29-$0.32.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712034/000095017023017927/0000950170-23-017927-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712034/000095017023017927/acco-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-017927

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer