earnings
confidence high
sentiment neutral
materiality 0.70
ACCO Brands Q3 net sales down 6.0% to $420.9M; adjusted EPS $0.23; refinances credit facilities to 2029
ACCO BRANDS Corp
2024-Q3 EPS reported
-$1.27
revenue$1,218,100,000
- Q3 net sales $420.9M (-6.0% YoY); net income $9.3M ($0.09 EPS); adjusted EPS $0.23.
- Americas segment sales down 8.9% to $259.1M; International down 1.1% to $161.8M.
- Cash flow improved: YTD operating cash flow $95.5M vs $70.7M prior year; leverage ratio 3.5x.
- Repurchased 2.4M shares for $12.5M in Q3; dividend $0.075/share payable Dec 11, 2024.
- Refinanced credit facilities: repaid $72.8M USD term loan and portions of A$ and € loans; extended maturity to 2029.