secwatch.observer — SEC 8-K summary
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Issuer:     ACCO BRANDS Corp (ACCO)
CIK:        0000712034
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000950170-23-058219
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACCO Brands Q3: sales down 7.7% to $448M; adj. EPS $0.24; gross margin +400bps; FY outlook trimmed
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- Net sales $448.0M (-7.7% YoY); comparable sales -9.9%; FX added 2.2%.
- Gross margin expanded 400 bps; adjusted operating income grew 8% to $46M.
- Reported EPS $0.15; adjusted EPS $0.24 (at high end of outlook).
- Updated FY outlook: sales down 6-7%; adj. EPS $1.03-$1.07; free cash flow at least $110M reaffirmed.
- Quarterly dividend of $0.075/share declared; leverage ratio 3.8x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712034/000095017023058219/0000950170-23-058219-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712034/000095017023058219/acco-20231102.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-058219

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