secwatch.observer — SEC 8-K summary
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Issuer:     ACCO BRANDS Corp (ACCO)
CIK:        0000712034
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000950170-24-089332
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACCO Brands Q2 net sales down 11.2% to $438M; adjusted EPS $0.37 beats outlook
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- Operating loss of $111.2M includes $165.2M non-cash goodwill/intangible impairment in Americas.
- Adjusted operating income $64.6M vs $66.2M; adjusted EPS $0.37 vs $0.38 prior year.
- Full-year 2024 outlook: reported sales down 8%-9%, adjusted EPS $1.04-$1.09, FCF ~$130M.
- Leverage ratio improved to 3.7x from 4.3x; quarterly dividend of $0.075/share declared.
- Cost savings program on track to deliver >$20M in 2024; sales decline partly from exit of lower-margin business.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712034/000095017024089332/0000950170-24-089332-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712034/000095017024089332/acco-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-089332

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