ACCO Brands Q1 net sales down 11.6% to $317M; adj loss $0.02/share; withdraws FY outlook

ACCO BRANDS Corp

2025-Q1 EPS reported -$0.14 revenue$317,400,000

Net sales $317.4M (-11.6% YoY); comparable sales -8.3%; gross margin +60 bps.
Net loss $0.14 per share; adjusted loss $0.02 per share (better than outlook).
Adjusted operating income $6.9M vs $16.2M; restructuring expense $2.3M.
Withdraws FY 2025 outlook; Q2 guides sales down 8%-12% and adjusted EPS $0.28-$0.32.
Repurchased $15M stock; closed small strategic acquisition; dividend $0.075/share payable June 18.

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