ACCO
ACCO Brands Corporation3.7700
-0.0200-0.53%
Dec 16, 4:00:03 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
EPOS market, synergies detailed
Q&A unpacked EPOS details, pegging its addressable market at $1.7 billion with 5% share, recent mid-high single-digit declines from sale disruptions, and revenue synergies via Kensington's distribution in new geographies. Management projected $80 million EPOS revenue in 2026 (11 months, even seasonality) plus 1.5% FX tailwind. Segment guidance: full-year Americas down low-single digits, International up mid-singles; Q1 Americas mid-single down, International low-double up. Early back-to-school orders look solid, equal or better prior year. Gross margins expand via mid-single U.S. price hikes in April and footprint work; SG&A rises modestly on incentives. Answers largely affirmed prepared remarks. EPOS integration matters next.
Key Stats
Market Cap
339.81MP/E (TTM)
8.98Basic EPS (TTM)
0.42Dividend Yield
0.08%Recent Filings
10-K
FY2025 results
ACCO Brands posted FY2025 net sales of $1.52B, down 8.5% y/y amid soft demand and tariff hits, yet swung to $92.3M operating income from 2024's $37M loss after dodging repeat impairments. Americas sales dropped 10.6% to $894M on U.S. tariff chaos and weak consumer pull, while International held at $630M despite 8.1% comparable decline; Q4 momentum faltered with gaming accessories missing amid pricier consoles. Restructuring delivered $100M annualized savings target by 2026, fueling $68.7M operating cash flow. Debt sits at $841M with $357M liquidity; steady $0.075 quarterly dividends paid. Seasonality crimps Q1 flows.
8-K
ACCO 2025 results, EPOS close
ACCO Brands reported 2025 net sales of $1.525B, down 8.5% from prior year amid soft demand, yet swung to net income of $41.3M and adjusted EPS of $0.84 in line with outlook. Cost cuts delivered $60M savings; EPOS acquisition closed January 30, 2026, bolstering tech peripherals. It pivots to growth categories. 2026 guides flat to +3% sales, adjusted EPS $0.84-$0.89.
10-Q
Q3 FY2025 results
ACCO Brands posted Q3 net sales of $383.7M, down 8.8% y/y from $420.9M amid softer demand, yet held operating income steady at $26.0M versus $26.3M through cost cuts offsetting volume hits and tariffs. Gross margin edged up to 33.0% from 32.5% on productivity gains. YTD sales fell 10.0% y/y to $1,095.9M, but operating income swung to $52.3M profit from a $79.0M loss (prior impairment); diluted EPS $0.21 aligns with 93.9M shares. Cash hit $82.5M, operating cash flow $38.1M (FCF $25.8M derived), total debt $877.8M with $271.3M revolver room at 4.14x leverage versus 4.50x covenant. Buro Seating closed Feb 2025 for $10.1M cash, adding $4.2M goodwill, $5.8M intangibles (9-20 years). Tariffs cloud demand.
8-K
Q3 sales down 8.8%, margins up
ACCO Brands reported Q3 net sales of $383.7 million, down 8.8% from prior year amid soft global demand, yet expanded gross margin by 50 basis points through cost discipline. Adjusted EPS hit $0.21, matching outlook, with multi-year program delivering over $50 million in savings. Sales trends improve Q4. Leverage sits at 4.1x.
10-Q
Q2 FY2025 results
ACCO Brands swung to profitability in Q2 FY2025 ended June 30, 2025, posting $394.8M net sales—down 9.9% y/y from $438.3M—yet delivering $33.0M operating income versus a $111.2M loss, thanks to no repeat of last year's $165.2M impairment and a $6.9M gain on asset sales. Gross margin slipped to 32.9% from 34.8% amid volume drops and tariff hits, while y/y diluted EPS improved to $0.31 from -$1.29, reconciling cleanly with 93.1M shares. The $10.1M Buro Acquisition in February bolstered International seating, adding $4.2M goodwill and $5.8M intangibles over 9-20 years. Cash climbed to $133.3M with $206.8M revolver availability, total debt at $987.3M (leverage 4.29x), and free cash flow not disclosed in the 10-Q. Restructuring drove $11.7M YTD costs for $100M savings target. Tariffs remain a drag on demand.
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