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Acco Brands Corporation (NYSE: ACCO) is one of the world's largest suppliers of branded office products. With a robust portfolio of industry-leading brands such as AT-A-GLANCE®, Five Star®, Kensington®, Mead®, Swingline®, and many others, Acco Brands generates nearly $1.8 billion in annual revenue and markets its products in over 100 countries. The company operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International, offering a wide range of products including school notebooks, janitorial supplies, whiteboards, storage and organization products, and computer accessories.
Recent achievements include the launch of innovative Kensington docking stations that support the latest USB-C laptops, a multi-year cost savings program projected to save $60 million annually, and the introduction of the PowerA Lumectra RGB technology for Nintendo Switch controllers. Acco Brands is committed to enhancing shareholder value through continuous innovation, strategic cost reductions, and a strong focus on new product development.
Acco Brands is also dedicated to building a winning culture for its employees, providing global career opportunities in a dynamic and results-oriented environment. The company's financial health is reinforced by a significant improvement in operating cash flow and a reduced debt leverage ratio, demonstrating its resilience in overcoming market challenges.
For more information, visit www.accobrands.com or follow the company on their social media platforms.
Swingline announces a new collaboration with watercolor artist Leah Bisch to launch a line of designer metal staplers. The collection features two designs - Wildflowers and Tan Tiles - available on Amazon and Swingline.com, with upcoming availability on Staples.com. The staplers combine aesthetic appeal with functionality, featuring premium metal construction, gold-colored magazine, and 20-sheet stapling capacity. Each unit holds 210 staples and includes a low-staple indicator. The products come with a 1-year warranty and 100% performance guarantee.
ACCO Brands reported Q3 2024 results with net sales of $420.9 million, down 6.0% from $448.0 million in 2023. Earnings per share were $0.09, with adjusted EPS of $0.23. The company is on track to achieve over $20 million in cost savings for 2024 through its multi-year program. Net operating cash flow improved by $25 million, and the consolidated leverage ratio reduced to 3.5x. The company maintained its 2024 outlook, expecting reported sales to decline 8-9% with adjusted EPS of $1.04-$1.09. ACCO successfully refinanced its credit facilities, extending maturity to 2029.
ACCO Brands (NYSE: ACCO) has declared a quarterly cash dividend of $0.075 per share, payable on December 11, 2024, to stockholders of record as of November 15, 2024. This marks the company's 28th quarterly dividend since initiating payments in 2018. CEO Tom Tedford highlighted that the dividend, yielding approximately 6% annually at current stock prices, remains a important component of their capital allocation strategy, supported by the company's robust free cash flow.
ACCO Brands (NYSE: ACCO) has announced its upcoming third quarter 2024 earnings release and webcast schedule. The company will release its Q3 2024 earnings after the market close on October 31, 2024. Following this, ACCO Brands will host a conference call and webcast on November 1 at 8:30 a.m. EDT to discuss the results. Investors and interested parties can access the webcast through the Investor Relations section of the company's website at www.accobrands.com. The webcast will also be available for replay, allowing those unable to attend the live event to review the information at their convenience.
ACCO Brands (NYSE: ACCO), a global leader in consumer, technology, and business branded products, has released its 2023 Environmental, Social and Governance (ESG) Report. The report highlights the company's commitment to ethical business practices and responsible operations under the pillars of People, Plant, and Products.
President and CEO Tom Tedford emphasized ACCO Brands' dedication to transparency and progress in ESG initiatives. The report serves as a primary communication tool for updates on commitments to employees, the environment, and local communities. With 46 brands sold in over 100 countries, ACCO Brands continues to focus on enabling achievement, creation, collaboration, and organization through its products and strategies.
PowerA, a division of ACCO Brands, has introduced two new FUSION® controllers for Xbox Series X|S: the FUSION Pro Wireless Controller with Lumectra™ and the FUSION Pro 4 Wired Controller. The wireless model, priced at $149.99, features Ghost RGB LED lighting, Hall Effect thumbsticks and triggers, and low-latency wireless connectivity. The wired version, at $69.99, offers Hall Effect modules and Dual Rumble Motors. Both controllers include Quick-Twist adjustable height thumbsticks, four mappable buttons, and 3-Way Trigger Locks. They are compatible with the PowerA Gamer HQ App for customization and come with a two-year warranty.
Kensington, a leader in desktop computing and mobility solutions, has launched the SD5000T5 EQ Thunderbolt™ 5 Triple 4K Docking Station, the world's first Intel-certified Thunderbolt™ 5 dock. This powerful 11-in-1 docking solution supports up to three 4K monitors, offers data transfer speeds up to 120Gbps, and provides 140W power delivery.
Designed for professionals, content creators, and gamers, the SD5000T5 is compatible with Thunderbolt™ 5, 4, USB4®, and USB-C® devices running Windows 10+ or macOS 11+. It features triple 4K @ 144Hz or dual 8K @ 60Hz support for Windows, and dual 6K @ 60Hz for select MacBook models. The dock includes 11 connectivity ports, built-in UHS-II SD and Micro SD card readers, and supports zero-footprint mounting.
Kensington unveiled its new EQ product family to enhance sustainability by incorporating post-consumer recycled (PCR) materials into backpacks, cases, and input devices.
The EQ Laptop Backpack 14” (K60391WW) and 16” (K60392WW) include up to 29% PCR polyester, while the EQ Laptop Carrying Case 16” (K60390WW) has 32% PCR polyester. The EQ Laptop Sleeves for 12”, 14”, and 16” laptops feature up to 49% PCR polyester.
The Pro Fit Ergo keyboard and mice series also utilize PCR content and FSC-certified packaging. The EQ docking stations support multiple video outputs and high data transfer speeds, with up to 53% PCR plastics.
The Slim NanoSaver 2.0 EQ Keyed Laptop Lock reduces plastic use by 78% from prior models. All products carry warranties and are available in North America through various retailers, including Amazon.
PowerA, a global leader in gaming accessories, has launched its new OVERPOWERED Series (OPS) of wireless PC gaming controllers. The series includes two models: the OPS v1 Wireless Controller ($49.99) and the flagship OPS v3 Pro Wireless Controller ($99.99). Both controllers offer advanced features and are designed for various types of gamers.
The OPS v3 Pro boasts tactile mechanical switches, Hall Effect sensors, Quick-Twist adjustable height thumbsticks, and Multi-zone RGB lighting. It offers three connectivity options, a 1200mAh rechargeable battery with up to 30 hours of gameplay, and comes with a charging stand.
The OPS v1 features Hall Effect technology, 3-way trigger locks, and four mappable Advanced Gaming Buttons. It provides up to 20 hours of gameplay and is compatible with various devices. Both controllers will be available for preorder on August 19th, with shipping starting in late September.
ACCO Brands (NYSE: ACCO) reported Q2 2024 results. Net sales were $438.3 million, down 11.2% YoY. Gross margin expanded by 150 basis points. The company made significant progress on a $60 million cost reduction program, expecting over $20 million in savings this year. Operating loss was $111.2 million due to $165.2 million in impairment charges. Adjusted EPS was $0.37, above outlook. Net operating cash flow improved $42 million; free cash flow anticipated at $130 million for 2024. Consolidated leverage ratio at 3.7x; net debt reduced by $130 million. For the full year, ACCO expects sales to decline 8-9% and adjusted EPS of $1.04-$1.09. The Q3 outlook projects a sales decline of 5-7% and adjusted EPS of $0.21-$0.24.
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