ACCO Brands Q4 adj. EPS $0.39 beats outlook; FY23 adj. EPS $1.09; 2024 guidance $1.07-$1.11

ACCO BRANDS Corp

2023-FY EPS reported -$0.23 revenue$1,832,800,000

FY23 net sales $1.833B (-5.9% YoY); Q4 net sales $488.6M (-2.2% YoY).
FY23 adj. operating income $204.8M (+17% YoY); Q4 adj. operating income $68.3M (+30.6%).
FY23 reported EPS -$0.23 (includes $89.5M goodwill impairment); adj. EPS $1.09 above outlook.
New multi-year restructuring program targets at least $60M annual savings; FY24 adj. EPS guided $1.07-$1.11.
FY23 free cash flow $117.5M; net leverage 3.4x; quarterly dividend $0.075/share declared.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ACCO BRANDS Corp reported financial results for fourth quarter and fiscal year ended December 31, 2023.

Period: fourth quarter and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 22, 2024, ACCO Brands Corporation (the "Company") announced its results for the period ended December 31, 2023.

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ACCO BRANDS Corp filing history →

Source: SEC EDGAR

accession 0000950170-24-018799

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