ACCO Brands reports FY2024 net sales down 9.1%; provides cautious 2025 outlook

ACCO BRANDS Corp

2024-FY EPS reported -$1.06 revenue$1,666,200,000

Net sales $1.67B (-9.1% YoY); net loss $101.6M ($1.06 loss per share) due to $165.2M impairment charges.
Adjusted EPS $1.02, down from $1.09; free cash flow $132.3M, net debt reduced $94M; leverage ratio 3.4x.
Q4 net sales $448.1M (-8.3%); adjusted EPS $0.39 flat YoY; cost savings target raised to $100M annualized by 2026.
2025 outlook: FY comparable sales down 1-5%; adjusted EPS $1.00-$1.05; free cash flow $105-$115M.
Q1 comparable sales expected down 5-8%; adjusted loss per share ($0.03)-($0.05).

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