---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-052132"
form_type: "8-K"
ticker: "ACCO"
cik: "0000712034"
company_name: "ACCO BRANDS Corp"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T01:06:50.250292+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# ACCO Brands Q1 net sales down 11% to $359M; adjusted EPS $0.03; FY adj EPS guide $1.02-$1.07

## Summary
- Net sales $358.9M, down 10.9% YoY; comparable sales down 11.3%. Gross margin expanded 120 bps.
- Operating income $5.9M vs $10.1M; adjusted operating income $16.2M vs $24.3M, reflecting lower volumes.
- Net loss $(0.07)/share vs $(0.04); adjusted EPS $0.03 in line with outlook. Free cash flow $25.9M vs -$25.2M.
- Full-year outlook: sales down 5-7%, adj EPS $1.02-$1.07; free cash flow at least $120M, leverage target 3.0-3.2x.
- On track for over $20M in FY 2024 cost savings from multi-year $60M program; Q2 adj EPS guided $0.30-$0.33.

## SEC filing metadata
- accession: 0000950170-24-052132
- form_type: 8-K
- ticker: ACCO
- cik: 0000712034
- company_name: ACCO BRANDS Corp
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/712034/000095017024052132/0000950170-24-052132-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712034/000095017024052132/acco-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-052132
- JSON: https://secwatch.observer/filing/0000950170-24-052132.json
- Plain text: https://secwatch.observer/filing/0000950170-24-052132.txt

## Key facts
- Earnings Releases
  ACCO BRANDS Corp reported first quarter ended March 31, 2024 results: EPS ($0.07).
  - Period: first quarter ended March 31, 2024
  - EPS: ($0.07)
  - Result: reported results
  source text: Net sales were $358.9 million a 10.9 percent decline from $402.6 million in 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/712034/000095017024052132/0000950170-24-052132-index.htm
- Earnings Releases
  ACCO BRANDS Corp reported first quarter ended March 31, 2024 results: EPS ($0.07).
  - Period: first quarter ended March 31, 2024
  - EPS: ($0.07)
  - Result: reported results
  source text: Net loss was $6.3 million, or $(0.07) per share, compared with a net loss of $3.7 million, or $(0.04) per share, in 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/712034/000095017024052132/0000950170-24-052132-index.htm
- Earnings Releases
  ACCO BRANDS Corp reported full year 2024 results: EPS $1.02 to $1.07. Guidance lowered.
  - Period: full year 2024
  - EPS: $1.02 to $1.07
  - Guidance: lowered
  - Result: guidance update
  source text: Full year adjusted EPS is expected to be within a range of $1.02 to $1.07.
  evidence_url: https://www.sec.gov/Archives/edgar/data/712034/000095017024052132/0000950170-24-052132-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.