Welcome to our dedicated page for Acco Brands Corporation news (Ticker: ACCO), a resource for investors and traders seeking the latest updates and insights on Acco Brands Corporation stock.
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.
ACCO Brands Corporation (NYSE: ACCO) announced its participation in the Sidoti Spring 2021 Virtual Conference, with a presentation set for March 24 at 1:00 p.m. EDT. The event aims to provide insights into the company’s performance and strategic initiatives. Investors can access the presentation through the Investor Relations section of www.accobrands.com or via a direct link. The presentation will be available for 90 days post-event, ensuring broader access to company updates for stakeholders.
ACCO Brands Corporation (NYSE: ACCO) has priced a private offering of $575 million in 4.25% Senior Unsecured Notes due 2029, set to close on March 15, 2021, subject to standard conditions. The proceeds will be utilized to redeem all $375 million of its 5.25% Senior Unsecured Notes due December 2024, repay approximately $180 million in borrowings from its secured revolving credit facility, and cover fees associated with the offering. The notes will be offered to qualified institutional buyers only.
ACCO Brands Corporation has announced a private offering of $650 million in senior unsecured notes maturing in 2029. The proceeds will be used to redeem $375 million of its 5.25% senior unsecured notes due December 2024, repay part of its revolving credit facility, and cover offering-related expenses. This transaction is contingent upon the successful completion of the new notes offering. The notes will be offered under Rule 144A and Regulation S, exempting them from registration requirements.
ACCO Brands Corporation (NYSE: ACCO) has declared a quarterly cash dividend of $0.065 per share. The dividend is scheduled to be paid on March 29, 2021, to stockholders of record by the close of business on March 17, 2021.
As a global leader in the design and manufacture of branded academic, consumer, and business products, ACCO Brands is known for its extensive portfolio of brands available in over 100 countries.
ACCO Brands Corporation (NYSE: ACCO) reported a 15% decline in net sales for 2020, totaling $1,655 million, with EPS decreasing to $0.65 from $1.06 in 2019. The company attributed these declines primarily to COVID-19 impacts. Despite challenges, ACCO acquired PowerA, enhancing its position in the video gaming accessories market. Free cash flow for the year was $104 million, and the company returned $41 million to shareholders through dividends and share repurchases. Looking ahead, ACCO anticipates flat to 4% growth in Q1 2021 sales.
ACCO Brands Corporation (NYSE: ACCO) will release its fourth quarter and full year 2020 earnings on February 16, 2021, after the market closes. The company will discuss the results during a conference call and webcast on February 17 at 8:30 a.m. EST. The webcast can be accessed on ACCO's Investor Relations website. ACCO is a leading global supplier of branded academic, consumer, and business products, with recognized brands sold in over 100 countries.
ACCO Brands Corporation (NYSE: ACCO) will participate in a fireside chat at NobleCon17, scheduled for January 20 at 10:30 a.m. EST. The discussion will be webcasted, allowing investors to access it via www.noblecon17.com. An archive of the chat will be available on ACCO's Investor Relations webpage starting January 21, as well as on www.channelchek.com in February. This engagement reflects ACCO's commitment to maintaining transparency with investors.
ACCO Brands Corporation (NYSE: ACCO) has finalized the acquisition of PowerA, a prominent provider of gaming controllers and accessories. This strategic move aims to enhance ACCO's focus on the consumer market, with over 50% of sales expected from consumer, school, and technology products post-acquisition. CEO Boris Elisman emphasized that this acquisition is a significant part of their growth strategy, tapping into a faster-growing segment within the gaming industry. Details surrounding the transaction can be accessed through their official website.
ACCO Brands Corporation (NYSE: ACCO) will participate in Noble Capital Markets' Virtual Road Show Series on December 16, 2020, at 1 p.m. EST. The event will feature a presentation from Chairman and CEO Boris Elisman and a Q&A session led by Noble Senior Research Analyst Joe Gomes. Registration is free and limited to 100 attendees. The presentation will also be accessible via the ACCO Brands Investor Relations website and Channelchek.com following the event.
ACCO Brands introduces its new TruSens air purifiers, responding to a surge in consumer demand for cleaner indoor air. The Medium (Z-2500) and Large (Z-3500) models feature DuPont HEPA filtration and enhanced SensorPod technology for real-time air quality monitoring. Both models support remote control via the TruSens App, compatible with iOS and Android. The purifiers promise efficient delivery of clean air and are designed for easy setup with prices set at $349 and $499, respectively.
FAQ
What is the current stock price of Acco Brands Corporation (ACCO)?
What is the market cap of Acco Brands Corporation (ACCO)?
What products does Acco Brands Corporation offer?
What are the main operating segments of Acco Brands Corporation?
How much annual revenue does Acco Brands generate?
In how many countries does Acco Brands market its products?
What are some recent achievements of Acco Brands Corporation?
What financial strategies is Acco Brands focusing on?
What is the purpose of Acco Brands' multi-year cost savings program?
Who are the target customers for Acco Brands' products?
How does Acco Brands support its employees?
Where can investors find more information about Acco Brands?
