Highest-materiality recent filing
ACCO Brands Q1 net sales +8% to $344M; adj EPS $0.02 vs -$0.02 prior year; reaffirms FY outlook
Net sales $343.7M (+8.3% YoY); adjusted EPS $0.02 vs ($0.02) loss prior year, above outlook.
ACCO Brands reports FY2025 net sales down 8.5%; guides FY2026 adjusted EPS $0.84-$0.89
Full-year reported net sales $1.525B (-8.5% YoY); adjusted EPS $0.84, in line with outlook.
ACCO Brands Q3 net sales $384M (-8.8% YoY); adj. EPS $0.21 vs $0.23
Gross margin expanded 50 bps; multi-year cost program has delivered >$50M savings to date.
ACCO Brands Q2 net sales down 9.9% to $395M, adj EPS $0.28; credit covenant amended
Net sales $394.8M, down 9.9% YoY; adjusted EPS $0.28 vs $0.37.
ACCO Brands eliminates two EVP roles; names new presidents for North America and International
Patrick Buchenroth (EVP/President Americas) resigns July 1, 2025; leaves company Aug 1, 2025.
ACCO Brands Q1 net sales down 11.6% to $317M; adj loss $0.02/share; withdraws FY outlook
Net sales $317.4M (-11.6% YoY); comparable sales -8.3%; gross margin +60 bps.
ACCO Brands reports FY2024 net sales down 9.1%; provides cautious 2025 outlook
Net sales $1.67B (-9.1% YoY); net loss $101.6M ($1.06 loss per share) due to $165.2M impairment charges.
Q3 net sales $420.9M (-6.0% YoY); net income $9.3M ($0.09 EPS); adjusted EPS $0.23.
ACCO Brands Q2 net sales down 11.2% to $438M; adjusted EPS $0.37 beats outlook
Operating loss of $111.2M includes $165.2M non-cash goodwill/intangible impairment in Americas.
ACCO Brands Q1 net sales down 11% to $359M; adjusted EPS $0.03; FY adj EPS guide $1.02-$1.07
Net sales $358.9M, down 10.9% YoY; comparable sales down 11.3%. Gross margin expanded 120 bps.
ACCO Brands Q4 adj. EPS $0.39 beats outlook; FY23 adj. EPS $1.09; 2024 guidance $1.07-$1.11
FY23 net sales $1.833B (-5.9% YoY); Q4 net sales $488.6M (-2.2% YoY).
ACCO Brands Chairman/CEO Boris Elisman to fully retire March 31; new independent chairman appointed
Boris Elisman notified Board on Feb 9, 2024 of full retirement effective March 31, 2024.
Program targets $60M+ annualized pre-tax savings via headcount cuts, supply chain optimization, and footprint rationalization.
ACCO Brands to close Sidney NY facility, record $9M restructuring charge in Q4 2023
Plan to close Sidney, NY facility affecting ~300 employees; manufacturing outsourced, distribution moved to Booneville, MS.
ACCO Brands Q3: sales down 7.7% to $448M; adj. EPS $0.24; gross margin +400bps; FY outlook trimmed
Net sales $448.0M (-7.7% YoY); comparable sales -9.9%; FX added 2.2%.
Q2 net sales of $493.6M, down 5.3% YoY; adjusted operating income up 14% to $66.2M.
ACCO Brands Q1 sales $403M above outlook; adj. EPS $0.09 beats; reaffirms FY23 guidance
Net sales $402.6M, down 8.8% YoY but above company outlook; gross margin improved 250 bps.
ACCO Brands amends credit agreement, temporarily raises leverage covenant to 5.00x
Sixth Amendment to Credit Agreement executed Nov 7, 2022; eases leverage constraints through 2023.
ACCO Brands lowers FY22 guidance; expects Q3 goodwill impairment
FY22 net sales outlook cut to $1.94-1.98B from $2.015-2.055B; adjusted EPS to $1.05-1.10 from $1.39-1.44.
ACCO Brands Q1 sales +7.6% to $441.6M; adj EPS $0.11; raises FY outlook
Net sales $441.6M (+7.6% reported, +11.2% comparable); all segments posted comparable sales growth.
ACCO Brands reports record FY sales $2.03B, adj. EPS $1.41; CFO Fenwick plans retirement
FY net sales $2.03B (+22.4%); adj. EPS $1.41 (+48.4%); free cash flow $138.4M.
ACCO Brands Q3: sales $527M (+19%), EPS $0.21; dividend raised 15.4% to $0.075
Q3 net sales $526.7M, up 18.6% YoY; comparable sales up 4.3%.
ACCO Brands Q2 2021 net sales up 41% YoY to $518M; EPS $0.50 vs $0.06
GAAP EPS $0.50, adjusted EPS $0.43, vs $0.06 and $0.18 in prior year.
As a result of this decision, Mr. Buchenroth will be resigning from his position as Executive Vice President and President, Americas effective July 1, 2025, and leaving the Company on August 1, 2025
Mr. Monko will be resigning from his position as Executive Vice President and President, International effective December 31, 2025
On February 9, 2024, Mr. Elisman notified the Board of his intention to fully retire and resign as a Director and Executive Chairman of the Board effective March 31, 2024.
Mr. Thomas Kroeger, the Company's Lead Independent Director, will step down from this role effective April 1, 2024 and will continue to serve as a Director until the 2024 Annual Meeting.
has appointed Mr. E. Mark Rajkowski to serve as independent Chairman of the Board effective April 1, 2024.
In connection with Mr. Monko’s appointment as Executive Vice President and President, International, on January 29, 2024, ACCO Brands Corporation’s Polish subsidiary, Esselte Polska Sp. z o.o. ("Esselte Polska") entered into an Employment Contract with Mr. Monko, (the "Employment Contract").
elected Elizabeth A. Simermeyer as a director of the Company effective immediately.
Compensation of Boris Elisman as Executive Chairman, effective October 1, 2023
Compensation of Thomas W. Tedford as President and Chief Executive Officer, effective October 1 , 2023
On August 4, 2023, the Board appointed Thomas W. Tedford to succeed Boris Elisman as CEO effective October 1, 2023.
On August 4, 2023, Boris Elisman, Chairman and Chief Executive Officer, notified the Board of Directors (the "Board") of ACCO Brands Corporation (the "Company") of his intention to resign as Chief Executive Officer ("CEO") of the Company effective October 1, 2023, and his intention not to stand for re-election to the Board at the Company's 2024 Annual Meeting of Stockholders.
The Board also appointed Mr. Tedford to the Company’s Board of Directors effective when he becomes CEO on October 1, 2023.
Max materiality 0.90 · Median 0.65 · Most common event earnings