secwatch.observer — SEC 8-K summary
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Issuer:     ACCO BRANDS Corp (ACCO)
CIK:        0000712034
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0000950170-24-018799
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712034/000095017024018799/0000950170-24-018799-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712034/000095017024018799/acco-20240222.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-018799

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